Compliance Specialist at Palmpay Limited

Dhaka, Dhaka Division, Bangladesh -

Full Time

Start Date

Immediate

Expiry Date

18 Apr, 26

Salary

0.0

Posted On

18 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Regulatory Monitoring, Compliance, Due Diligence, Risk Assessment, AML, CFT, KYC, CDD, Analytical Skills, Documentation, Reporting, Attention to Detail, Ethical Standards, Financial Services, Internal Audit, Risk Management

Industry

Financial Services

Description

About PalmPay PalmPay is a leading neobank and fintech platform scaling financial inclusion across emerging markets. With over 40 million users, we are building a digital financial ecosystem that empowers individuals and businesses through accessible, easy-to-use, and rewarding financial services. Operating in Nigeria, Ghana, Tanzania, Bangladesh, Pakistan, and the Philippines, PalmPay has been recognised by CNBC as one of the Top 300 Global Fintech Companies and ranked #2 overall and #1 in financial services on the Financial Times’ Africa’s Fastest Growing Companies 2025 list. Position Overview PalmPay is seeking a detail-oriented Compliance Specialist to support regulatory compliance, risk management, and internal control functions for its Bangladesh operations. The role focuses on ensuring adherence to Microcredit Regulatory Authority (MRA), Bangladesh Bank, and AML/CFT requirements, while supporting compliance monitoring across fintech and lending operations. Key Responsibilities Regulatory Monitoring & Compliance Monitor, interpret, and maintain updates on circulars, guidelines, and instructions issued by MRA and Bangladesh Bank. Maintain a centralized repository of all regulatory updates, notices, and compliance requirements. Ensure internal policies and operational practices align with applicable laws and regulations. Due Diligence & Partner Assessment Conduct due diligence on prospective MFI, NGO, and NBFI partners, including review of: Regulatory licenses Audit reports Tax filings Governance and ownership structures Prepare due diligence reports and compliance risk assessments. Risk Assessment & Reporting Conduct periodic compliance and regulatory risk assessments. Prepare compliance reports for management review. Identify compliance gaps and recommend corrective and preventive actions. AML/CFT & Internal Controls Support implementation and monitoring of AML/CFT controls, including: KYC and Customer Due Diligence (CDD) Sanction and screening processes Transaction monitoring frameworks Ensure familiarity and alignment with BFIU, MRA, and relevant AML regulations. Audit, Investigation & Documentation Support investigations into compliance breaches and assist in remediation planning. Assist in maintaining updated compliance manuals, policies, and internal audit checklists. Support internal and external audits related to compliance and regulatory matters. Required Qualifications & Experience Education Bachelor’s or Master’s degree in Finance, Law, Accounting, or Business Administration. Professional certifications such as CAMS, CIA, or equivalent will be considered an added advantage. Experience Must have atleast 3–5 years of hands-on experience in the MFI, NGO or financial services sector. Prior experience in Compliance, Internal Audit, or Risk Management roles is mandatory. Practical experience with AML/CFT frameworks, including KYC, CDD, screening, and regulatory reporting. Skills & Competencies Must have strong understanding of MRA Rules, Money Laundering Prevention Act, and related regulations. Familiarity with BFIU reporting requirements and regulatory compliance practices. Comfortable working with fintech platforms, compliance systems, and screening tools. Strong analytical, documentation, and reporting skills. High attention to detail and strong ethical standards. Compensation & Benefits Competitive salary Festival bonuses Career growth opportunities in a multinational fintech organization Professional learning and regulatory exposure

Responsibilities

The Compliance Specialist will monitor regulatory compliance and support risk management for PalmPay's operations in Bangladesh. Key tasks include conducting due diligence on partners, preparing compliance reports, and supporting AML/CFT controls.