Stitch

  • Nigeria


  • Permanent

  • Full-time

Stitch is a developer-first API startup with a mission to deeply connect financial systems with the wider world. We provide an API which allows third-party apps and websites to interact with their user’s bank accounts in ways that unlocks the ability for companies across Africa to build innovative technology products quickly.

Creating innovative financial products is incredibly difficult today, and we believe that unlocking the way people interact with their finances starts with enabling developers with the tools and infrastructure needed to execute on their vision.

As Stitch gains more users and expands to new markets, so too does the complexity of our compliance requirements. Stitch is an API company that cannot function without deep trust and confidence in our compliance and security practices, thus, an early joiner in this role will have a defining say in the success of our business as we scale.

We are looking for a Legal & Regulatory Lead to head up our Legal, Regulation and Compliance team.

Responsibilities:

  • Master a deep understanding of the rules and regulations governing each market in which we operate, including monitoring of any changes and developments and maintaining active relationships with regulatory counterparts
  • Internally advise and work with our Product & Distribution teams to develop a regulatory roadmap that allows Stitch to go-to-market effectively with its payments and data products
  • Draft and review legal documentation that meet both local regulation requirements and product & sales objectives, such as customer / partner contracts, service-level agreements, and terms & conditions
  • Originate and manage outsourced / localized legal & compliance relationships on a per-territory basis where additional advisory may be required
  • Develop and implement a framework of policies and procedures for managing and mitigating operational and compliance risks, including know-your-customer (KYC) and anti-money laundering (AML)
  • Oversee the gathering of international documentation to meet external reporting obligations, whether facing regulators, investors, customers, or any other external counterpart
  • Develop, coordinate, and/or oversee internal and external audit procedures
  • Maintain up to date documentation and policies related to the organization’s compliance activities

Requirements

  • 5 – 10 years in a senior legal, regulatory, risk, or compliance role in payments & financial services
  • Licensed attorney in current area of practice
  • Deep knowledge of applicable global and local payments and data compliance regulation e.g., PCI DSS, PSD2, GDPR, open banking regulations
  • Familiarity with information security standards such as ISO 27001 and CIS Top 18
  • Ability to develop relationships with relevant regulators (payments bodies, Central Banks or other regulatory bodies) across relevant jurisdictions
  • Prior track record working cross-functionally to enable regulatory compliance across multiple dimensions of a high-growth business: within product (e.g. as counsel to product design and T/Cs), within business development (e.g. identifying ways to onboard partners and customers in a compliant way), and within technology (e.g. working with information security to build a robust IS org)

Advantageous:

  • Experience in compliance across multiple African jurisdictions (west Africa, east Africa, etc.)
  • Previous experience working in a technology startup and navigating a regulatory ambiguous product area (e.g. like open banking in South Africa)

Benefits

🏖 HQ and Remote Work

Stitch HQ is in Cape Town, South Africa. Remote team members will have the opportunity to visit our beautiful city regularly. We work both in-person and remotely. and…team lunches every day! 🍜 With friends, family, pets – everyone’s invited!

🔥 Culture & Values

Stitch has a culture that emphasizes sustainable processes, kindness, and work-life balance. We value diversity in all its forms and believe that a broad range of lived experiences makes our team and product stronger. This is especially important to us as our leadership team includes diverse racial backgrounds and members of the LGBTQ+ community.

⛽ Our Investors

Stitch is a well-funded venture-backed startup. Our network of global investors include the co-founders of Venmo, Klarna and Flutterwave, and founding team members from Plaid and Revolut. Our network of investor funds include firstminute capital, Raba Partnership, CRE and Village Global, bringing backing from LPs such as Bill Gates, Mark Zuckerberg, Eric Schmidt and Jeff Bezos.

This funding gives us the capital to make sure that all employees are empowered to do their jobs, and incorporates industry veterans who will help us grow and operate a multinational fintech startup.

👩🏾‍💻 Developers!

We care deeply about developer experience and aim to provide tools and systems that software engineers will rave about. The team has collectively had a great deal of experience building fintech and developer-facing products in Africa and other emerging markets.

Stitch