ABOUT CELLULANT
Cellulant is a leading Pan African payments company that provides locally relevant and alternative payment methods for global, regional and local merchants.
We provide a single API payments platform - Tingg - that enables businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards or directly from their bank.
OUR STORY
Founded in 2003, Cellulant has more than 18 years of experience in providing locally-relevant payment solutions for businesses and their consumers.
Our evolution over the years, from a digital content business to mobile banking and now to payments has allowed us to build strong relationships and partnerships. We’ve taken our years of experience and assets acquired over the years to provide a payments platform in the continent that focuses on driving merchant business and digital payments for local, regional and global merchants in the continent, and digitizing both online and offline payments.
Since 2003, the Cellulant team has learned, adapted and leveraged their experiences to pivot the business to become the leading payments provider in the continent.
You can read more about us and our Group leaders and Country Champions.
JOB TITLE:
Principal Card Business & Payments Credit Risk
LOCATION:
Location agnostic however no more than a 3 hour time difference between the candidate location and GMT+3 (Nairobi).
REPORTS TO:
Business Risk/Internal Control
KEY RELATIONSHIPS AND STAKEHOLDERS:
Risk & Compliance, Product, Operations, Service Delivery, Sales, Technology, Cards, Acquiring, Internal Control
JOB SUMMARY:
The role holder will be in charge of managing risks across the card payments value chain and managing payments credit risks. The role holder should have experience in a card payments environment preferably having dealt with card schemes and regulators. The role holder will own card business risk and payments credit risk and will be accountable for these risks to senior management.
CORE RESPONSIBILITIES:
Card Business Risk
- Periodic Review of and reporting on existing merchants to ensure compliance with card scheme rules and regulations
- Review of all merchants to ensure compliance to card scheme requirements
- Analysis of chargeback exposure and merchant settlement timing
- Own the identification and closure of all risks associated with card acquiring
- Ensure compliance of Cellulant’s card business to card scheme rules and applicable regulations
- Be the central point of contact for all card scheme rules and regulations
- Track any changes to e-commerce card acquiring rules & regulations and circulate internally for closure
- Own the implementation of card Compliance Management Program
- As part of the product development for all products that touch on card acquiring, you will ensure all risks have been adequately addressed
- Partner with cross-functional teams to design and implement mitigative controls on the identified risks
Payments Credit Risk
- Identify possible credit risks that clients’ payment or settlement terms may pose to Cellulant while providing recommendations and escalations to mitigate such risks
- Own the roadmap for identification, assessment and applying controls of credit risks from merchants’ , partners’ or counterparties' payment, settlement or payout terms
- Design and cascade governance policy and process around the control of credit risks from merchants’ or partners’ payment, settlement or payout terms and other products or applicable areas . Partner with cross-functional teams to design and implement mitigative controls on the identified risks
- Assess the overall credit risk standing of Cellulant and its counterparties by performing fundamental credit analysis of counterparties using both quantitative and qualitative factors
- Design credit risk concentration indicators and default indicators by counterparties in accounts receivables. Ensure periodic review of these indicators to senior management.
- Develop and implement risk management strategies to minimize losses due to credit defaults
- Monitor key credit risk indicators and provide insights to senior management
- Conduct regular reviews of credit policies and procedures to ensure compliance with regulatory requirements
- Provide recommendations for process improvements and efficiency gains
Internal Control
- Conduct research to assess business risks and liaise with the various Groups to identify potential risks and create controls to mitigate them
- Ensure effective and optimal internal controls are embedded across the enterprise.
- Review of Controls in Systems, Processes and the Environment
- Control Design and Testing Techniques
- Control Monitoring and Maintenance
- Product/Service Knowledge and Assessment/Review
QUALIFICATIONS & EXPERIENCE:
Must Have Experience:
- Demonstrable in depth knowledge of credit and liquidity risks in the Commercial Payments business
- Demonstrable in depth knowledge of ecommerce card transactions and Visa/Mastercard scheme rules and applicable regulations strongly preferred
- Experience with online/card not present merchants in electronic/digital commerce channels
- Ability to work with and influence senior management regarding risk and compliance issues
- Process orientation with a desire to improve processes and drive efficiencies
- Strong conceptual and quantitative problem-solving skills
- Ability to work across business lines to drive business decisions.
- Experience with managing card payments risk
- Experience in a payments environment preferably PSP or bank acquiring
- Risk management and internal controls
- Internal Control frameworks and standards
Nice To Have Experience:
Experience in Group function, shared services, cross border transactions, fraud risk, investigations
Qualifications:
A bachelor's degree in finance, business administration, accounting, information technology or any other relevant field.
A Masters Degree or certifications in Risk Management and Internal Controls is an advantage.
Skills:
- Report Preparation
- Product Risk Analysis
- Credit Risk Analysis
- Card Payments
- Internal Controls
- Good understanding of business
- Presentation skills
Personal attributes:
Credibility, risk awareness, interpersonal skills, communication, ability to influence change and culture