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Risk & Compliance Manager

Risk & Compliance Manager

Mama MoneyCape Town, Western Cape, South Africa
30+ days ago
Job description

Who we are :

Mama Money is a growth stage fintech startup working to help migrant workers in South Africa send money home. Since 2015 we have been providing reliable remittances at a socially fair price to those that need it most.

Mama HQ is in beautiful Cape Town South Africa. We are 131 people strong (and counting) from 19 countries across Africa Asia the UK and Europe. Our culture is built around the well-being of our team members and making a difference in our communities . Just be lekker! personifies our approach to work : we trust the wisdom of our talented and diverse team to do what is best for our customers and get the job done responsibly without pedantic policies.

Weve been around since 2015 and have earned a few accolades along the way made some new friends and expanded our reach . Weve had some great times and some tough times but we continue to focus on helping people rather than maximizing profit

As our Risk and Compliance Manager your primary focus will be to strengthen Mama Moneys risk and compliance environment through robust due diligence effective policy development and the strategic management of internal controls. This role is critical in supporting the companys growth by ensuring regulatory compliance mitigating risk and enabling the business to scale responsibly in a highly regulated industry.

As our Risk and Compliance Manager you will :

  • Lead the development implementation and maintenance of Mama Moneys compliance and risk frameworks.
  • Conduct ongoing due diligence to ensure compliance with applicable laws regulations and industry standards.
  • Develop review and update internal policies and procedures to reflect regulatory changes and business needs.
  • Manage and execute the control testing plan to assess the effectiveness of compliance controls.
  • Report on control performance risk findings and compliance status to key stakeholders.
  • Collaborate with cross-functional teams to embed a culture of compliance and accountability across the organization.
  • Identify investigate and remediate potential compliance breaches or irregularities.
  • Oversee compliance-related projects and support internal audits regulatory inspections and governance reviews.

What You Bring to the Role

  • You have a relevant postgraduate qualification in compliance risk management law finance or a related field.
  • You bring 35 years of experience in compliance risk legal or governance roles.
  • You have hands-on experience designing and managing compliance frameworks control testing plans and regulatory reporting.
  • You are confident in conducting due diligence policy development and risk assessments across diverse operational areas.
  • Youre highly detail-oriented with strong analytical diagnostic and problem-solving skills.
  • You can communicate compliance risks and requirements clearly to both technical and non-technical stakeholders.
  • Youre comfortable working independently or cross-functionally in a fast-paced scaling business.
  • You are proactive accountable and adaptable with a strong sense of integrity and a commitment to continuous improvement.
  • In your first 90 days at Mama Money you will :

  • Gain a deep understanding of Mama Moneys existing compliance framework risk register control testing plan and key regulatory obligations.
  • Establish strong working relationships with key internal stakeholders across departments to drive a collaborative compliance culture.
  • Review and refine current policies and procedures identifying gaps and initiating updates where necessary.
  • Begin executing the control testing plan ensuring that control performance is properly documented and evidence is stored.
  • Identify any immediate compliance risks or weaknesses and propose actionable mitigation plans in collaboration with relevant teams.
  • Desirable Qualifications and Experience :

  • LLB or equivalent legal qualification.
  • C-Prac designation.
  • Experience in fintech cross-border payments or the broader financial services industry.
  • Familiarity with compliance requirements across multiple jurisdictions particularly in emerging markets.
  • Exposure to preparing for or responding to regulatory audits and inspections.
  • Working knowledge of AML KYC data protection and financial crime regulations.
  • Proficiency with compliance or GRC (Governance Risk and Compliance) tools and systems.
  • Experience leading or contributing to internal compliance training programs.
  • Why Mama

    At Mama Money were not just a company were a movement. Everything we do is driven by one purpose : to make life better for our customers and the communities we serve. Our customers are our heartbeat and they inspire every step we take.

    Were all about making it easy . No red tape no hassle. Just simple seamless experiences that put people first were here to make things easier faster and better for you.

    We believe in giving it a go and then giving it another go if we have to! Were a team of doers dreamers and innovators who arent afraid to break the mold. We take bold steps experiment with fresh ideas and never stop learning.

    At Mama Money we own it and we mean it. We take responsibility for our actions our results and how we show up every day. No passing the buck here. We approach every challenge with grit passion and determination.

    Heres the best part : Mama Money is a place that truly cares. We care about the trust our customers place in us. We care about our amazing team who bring their best every day. And we care about making an impact in the world doing the right thing no matter what.

    When you join Mama Money youre joining a community. Were a passionate down-to-earth crew that works hard and celebrates wins along the way. We take our work seriously but we dont forget to have fun while we do it.

    So if youre ready to make a real difference take on exciting challenges and grow in a place where youre valued and supported then Mama Money is the place for you . Lets make an impact together.

    Mamas values :

    1. Making it easier for our customers

    2. Give it a go

    3. Just own it

    We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.

    Required Experience :

    Manager

    Key Skills

    Arm,Risk Management,Financial Services,Cybersecurity,COSO,PCI,Root cause Analysis,COBIT,NIST Standards,SOX,Information Security,RMF

    Employment Type : Full-Time

    Experience : years

    Vacancy : 1

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    Compliance Manager • Cape Town, Western Cape, South Africa

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