Job Recruitment at Paystack Microfinance Bank (5 Positions)

Applications are invited from interested and qualified candidates to apply for the job recruitment at Paystack Microfinance Bank.

Paystack Microfinance Bank (Paystack MFB) is a newly established banking entity launched in January 2026 by the Stripe-owned fintech leader Paystack following its acquisition of Ladder Microfinance Bank. Operating as a separate, fully regulated unit within the Paystack group, the bank enables the company to move beyond payment processing into comprehensive financial services.

Paystack Microfinance Bank offers the rare opportunity to build banking-as-a-service (BaaS) infrastructure from the ground up within one of Africa’s most successful tech ecosystems. Employees benefit from a highly progressive work culture that emphasizes transparency, minimal micro-management, and a hybrid/remote work model.

Individuals interested in job recruitment at Paystack Microfinance Bank should review the job details, requirements, and application process provided below.

Compliance Operations Specialist

Specifications:

• Full Time
• Required Qualifications: BA/BSC/HND 
• Location: Lagos| Nigeria. See other Jobs in Lagos
• Category: Finance Jobs
• Job Alerts: To receive Job Alerts on WhatsApp, Click HERE

Description:

We’re looking for a Compliance Operations Specialist to help lay the foundation for a bank that businesses and individuals can trust with their money.

This role is central to how Paystack Microfinance Bank operates. You’ll help safeguard our banking licence and ensure that our day-to-day operations meet regulatory requirements. Unlike a payments-only compliance role, this position deals directly with deposit-taking, account operations, and banking regulations.

You’ll work at the intersection of traditional banking compliance and digital systems. Your responsibility is to ensure that every account opened and every transaction processed meets the standards set by the Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Corporation (NDIC), while still supporting a fast, reliable customer experience.

You’ll also work closely with internal teams and merchants, help resolve issues efficiently, and identify opportunities to improve processes and reduce manual work.

Location: Lagos, Nigeria
Reports to: Head, Legal and Compliance

Key responsibilities

Account opening and maintenance (KYC / CDD)

• Conduct thorough customer due diligence (CDD) for business account openings.
• Ensure all accounts comply with CBN tiered KYC requirements.
• Review and maintain accurate account documentation and mandates.

Transaction monitoring (banking)

• Monitor inflows and outflows on customer accounts to detect unusual activity, structuring, or misuse of loan facilities.
• Escalate suspicious activity in line with internal policies and regulatory requirements.

Sanctions and PEP screening

• Perform screening of customers, senders, and beneficiaries against local and international sanctions lists, including UN, OFAC, and EU lists.
• Ensure appropriate checks are completed before transactions are cleared.

Regulatory reporting (MFB-specific)

• Support the preparation and submission of daily, monthly, and quarterly regulatory returns.
• Assist with reports such as e-FASS filings and NFIU STRs / SARs to the CBN and NDIC.

Fraud risk and investigations

• Monitor and escalate suspected fraud across customer accounts and banking products.
• Support investigations and collaborate with Operations and Technology teams to strengthen controls.

Dispute resolution

• Investigate and resolve merchant and customer disputes relating to lending, cards, and transfers.
• Ensure disputes are handled within timelines set by the CBN and internal policies.

Audit and examination readiness

• Maintain accurate, well-organised records to support CBN spot checks and routine examinations.
• Ensure digital records and processes meet regulatory expectations at all times.

Product compliance

• Work with Product Managers to assess compliance and risk for new banking features, such as fixed deposits and overdrafts, before launch.
• Ensure new products comply with BOFIA (Banks and Other Financial Institutions Act) and relevant CBN guidelines.

Qualifications and Requirements:

• Minimum of 3 years’ experience in customer compliance or internal controls within a commercial bank, microfinance bank, or digital bank.
• Strong working knowledge of BOFIA (2020) and CBN regulations relating to microfinance banks.
• Solid understanding of payment processing, transaction flows, settlement mechanisms, and dispute resolution.
• High integrity and the confidence to decline transactions or account openings that may put the bank’s licence at risk, while communicating decisions clearly and respectfully.
• Strong attention to detail, with an investigative mindset and the ability to follow money flows across systems and partners.
• Experience leading or supporting customer-facing teams to ensure timely issue resolution and merchant satisfaction.
• Comfortable working with core banking systems and compliance software. Experience with SQL is a strong advantage.
• Clear interest in using technology to improve compliance operations and reduce manual processes.
• Strong communication skills, with the ability to explain complex issues in clear, customer-friendly language.

Bonus points if you have:

• Familiarity with customer support tools such as Zendesk, Front, or Intercom.
• Experience using analytics tools such as Metabase, SQL, or Excel.
• Professional certification (e.g., ACAMS, ICA) is highly desirable.
• Experience integrating compliance tools to automate routine processes.
• Experience handling high-value merchant disputes and financial reconciliations.
• Experience building workflows or automations using tools such as Retool, Zapier, n8n, Replit, or Cursor.

Benefits

• Competitive salary and compensation package
• Comprehensive medical cover
• Fully covered parental leave
• Smart, kind colleagues who are invested in your growth

Senior Credit Risk & Operations Specialist

Specifications:

• Full Time
• Required Qualifications: BA/BSC/HND 
• Location: Lagos| Nigeria. See other Jobs in Lagos
• Category: Finance Jobs
• Job Alerts: To receive Job Alerts on WhatsApp, Click HERE

Description:

We’re looking for a driven, hands-on Senior Credit Risk & Ops Specialist to help build the foundation of our credit operations. This role is based in Lagos, Nigeria, and reports directly to the Managing Director / CEO.

This isn’t a traditional back-office risk role. We’re looking for a builder: someone who understands the art and science of credit risk in Nigeria, especially for business lending, and is excited to move away from manual processes towards a tech-first approach.

You’ll work closely with our Product, Data, and Operations teams to build the credit function end to end, from risk policies and product design to portfolio monitoring, collections, and recovery.

This role is well-suited to a high-agency individual contributor who’s comfortable getting their hands dirty, has strong analytical instincts, and is motivated by the challenge of building scalable, modern credit operations from the ground up.

Key responsibilities

Credit risk management and policy

• Develop and maintain a credit risk management framework aligned with CBN guidelines.
• Define credit policies, approval limits, risk appetite, and credit scoring rules.
• Maintain credit product documentation and ensure compliance with internal policies and regulatory requirements.

Credit underwriting and analysis

• Assess the financial health of businesses using bank statements, payment flows, management accounts, and alternative data.
• Make sound, data-driven credit decisions across different business profiles.
• Track portfolio health metrics such as PAR, NPLs, and vintage performance, and produce clear reports for stakeholders.

Portfolio monitoring and reporting

• Monitor key portfolio metrics including PAR, NPL ratios, and write-offs, and proactively flag emerging risks.
• Design early warning indicators and stress-testing approaches.
• Prepare internal risk reports and required external submissions, including CBN reporting.

Product and process design

• Work with Product, Tech, and Data teams to embed risk controls into loan origination, disbursement, and servicing flows.
• Drive automation in credit scoring and decision-making using bureau data, behavioural data, and internal signals.

Collections and recovery

• Design and manage collections strategies across pre-delinquency, early, and late-stage arrears.
• Oversee recovery actions, including restructures, write-offs, and legal escalation where required.

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Qualifications and Requirements:

• At least 5 years’ experience in credit risk or lending operations within a credit-led fintech, MFB, or commercial bank.
• Proven experience in credit risk assessment, policy development, and portfolio management for business lending.
• Strong understanding of CBN guidelines, internal control frameworks, AML, KYC, and risk management practices.
• Practical experience with collections and recovery, with a clear understanding of the realities of recovering funds in the Nigerian market.
• Strong analytical skills, with advanced proficiency in Excel and familiarity with other data analysis tools.
• Clear interest in using technology to solve operational problems and reduce manual processes.
• Bachelor’s degree required. A Master’s degree or professional certification such as CIBN, ICAN, ACCA, CRMP, PRM, or CFA is an advantage.
• Familiarity with credit bureaus, digital KYC tools, and loan management systems.
• Comfortable working in a fast-paced, tech-enabled environment.

Bonus points if you have:

• Experience working within organisations with multiple or complex licensing structures.
• Experience collaborating with data and product teams on credit models, or basic knowledge of SQL or Python.
• Experience building workflows or automations using tools such as Retool, Zapier, n8n, Replit, or Cursor.

Benefits

• Competitive salary and compensation package
• Comprehensive medical cover
• Fully covered parental leave
• Opportunity to take on leadership responsibility in a growing financial institution
• Smart, kind colleagues who are invested in your growth

Senior Backend Engineer

Specifications:

• Full Time | Hybrid
• Required Qualifications: BA/BSC/HND 
• Location: Lagos| Nigeria. See other Jobs in Lagos
• Category: Tech Jobs
• Job Alerts: To receive Job Alerts on WhatsApp, Click HERE

Description:

We are looking for a Senior Backend Engineer to design, build, and operate the core backend systems that power our Microfinance Bank. In this role, you will take ownership of critical services such as customer onboarding and KYC, accounts and balances, transactions and ledgers, lending workflows, and internal operational tools.

You will work closely with product managers, frontend engineers, infrastructure, risk, compliance, and operations teams to build systems that meet regulatory requirements while remaining scalable, observable, and easy to operate. This role requires strong judgment, attention to detail, and a high bar for correctness in production systems.

This role is hybrid and requires working from the Paystack Lagos office for at least two days in a week.

Key responsibilities

• Design, build, deploy, and maintain backend services for core banking domains including onboarding, accounts, transactions, ledgers, lending, and reporting
• Own the implementation of complex backend features end-to-end, from requirements and system design through production rollout and ongoing support
• Collaborate with cross-functional teams to define, design, and deliver new features and enhancements, and to translate regulatory and business requirements into robust system designs
• Ensure the technical feasibility of UI/UX designs and optimize applications for maximum speed and scalability.
• Make and document architectural decisions that prioritise data integrity, auditability, and system reliability
• Build and maintain internal tools and APIs used by operations, support, and finance teams
• Write high-quality, well-tested code and lead by example through thoughtful code reviews
• Identify and mitigate performance risks, data consistency issues, and security vulnerabilities
• Improve system observability, monitoring, and incident response practices
• Mentor and support other engineers through technical guidance and knowledge sharing
• Participate in technical interviews and hiring decisions
• Stay up-to-date with emerging technologies and industry trends to drive innovation within the team

Qualifications and Requirements:

• 6+ years of professional software development experience, with deep backend ownership
• Expertise in one or more programming languages such as JavaScript, Typescript, Python, or Go. We have a preference for Typescript. However, proficiency in any C-style language is a valid consideration.
• Experience with AWS and containerization (Docker, Kubernetes).
• Solid understanding of software architecture, design patterns, and data structures.
• Proven experience with RESTful APIs, microservices architecture, and distributed systems.
• Familiarity with CI/CD pipelines and DevOps practices.
• Strong grasp of backend security best practices, including access control, data protection, and audit logging

Nice to Have

• Bachelor’s degree in Computer Science, Engineering, or a related field might be beneficial but not required.
• Experience working in banking, lending, or other regulated financial services environments
• Familiarity with core banking concepts such as ledgers, settlement, reconciliation, and reporting
• Exposure to regulatory requirements (e.g. CBN guidelines, audit trails, data retention)
• Experience building internal admin tools or operational dashboards
• Knowledge of cybersecurity best practices and compliance requirements (e.g., PCI DSS).
• Experience with machine learning and data analytics.

Soft Skills

• Strong problem-solving ability and comfort reasoning about complex, high-risk systems
• Clear and structured communicator across technical and non-technical stakeholders
• High sense of ownership and accountability for systems in production
• Ability to balance delivery speed with correctness and regulatory constraints
• Adaptability and willingness to learn new technologies and tools

Benefits

• Competitive salary and compensation package
• Comprehensive medical cover
• Fully covered parental leave
• Opportunity to take on leadership responsibility in a growing financial institution
• Smart, kind colleagues who are invested in your growth

Senior Frontend Engineer

Specifications:

• Full Time | Hybrid
• Required Qualifications: BA/BSC/HND 
• Location: Lagos| Nigeria. See other Jobs in Lagos
• Category: Tech Jobs
• Job Alerts: To receive Job Alerts on WhatsApp, Click HERE

Description:

We are seeking an exceptional Senior Frontend Engineer to join our Engineering team and contribute to building reliable, secure, and user-friendly financial products.

In this role, you will focus on implementing product features, improving existing user experiences, and maintaining frontend applications that support core banking, payments, onboarding, and customer operations. You will work closely with product managers, designers, backend engineers, and compliance stakeholders to deliver high-quality interfaces that meet regulatory, security, and performance requirements expected of a licensed financial institution.

This role is well suited to an engineer who enjoys hands-on development, values clean and maintainable code, and is interested in building financial products used by individuals and businesses across Nigeria.

This role is hybrid and requires working from the Paystack Lagos office for at least two days in a week.

Key responsibilities

• Implement and maintain frontend features for banking products such as onboarding, payments, account management, and dashboards
• Collaborate with product managers, designers, and backend engineers to translate requirements into well-designed user interfaces
• Ensure frontend implementations meet security, performance, accessibility, and regulatory standards expected in a financial services environment
• Contribute to improving frontend code quality through testing, refactoring, and adherence to established patterns and best practices
• Debug and resolve frontend issues across web and mobile-responsive experiences
• Participate in code reviews and technical discussions with other engineers
• Support ongoing improvements to development workflows, tooling, and application performance

Qualifications and Requirements:

• 6+ years of frontend experience with advanced React and TypeScript (or strong equivalent experience)
• Expert-level understanding of build tools, bundling strategies, and deployment automation
• Strong grasp of various application rendering strategies and architecture
• Expertise in performance optimization, monitoring, debugging, and frontend observability
• Familiarity with building and maintaining frontend component libraries
• Strong product thinking with an eye for good design, user experience and accessibility considerations
• Proven experience leveraging LLMs and AI development tools to improve productivity and drive process improvements
• Deep understanding of secure coding practices for frontend applications
• Demonstrated experience with Cypress, Playwright, and similar automated testing tools

Benefits

• Competitive salary and compensation package
• Comprehensive medical cover
• Fully covered parental leave
• Opportunity to take on leadership responsibility in a growing financial institution
• Smart, kind colleagues who are invested in your growth

Senior Product Manager

Specifications:

• Full Time | Hybrid
• Required Qualifications: BA/BSC/HND 
• Location: Lagos| Nigeria. See other Jobs in Lagos
• Category: Product Management Jobs
• Job Alerts: To receive Job Alerts on WhatsApp, Click HERE

Description:

We are looking for a Product Manager to help build and scale core products for our Microfinance Bank. This role focuses on translating customer, operational, and regulatory needs into well-defined product requirements and shipping reliable financial products in close partnership with Engineering, Design, Operations, Compliance, and Risk teams.

You will work on foundational banking products such as onboarding and KYC, accounts, payments, lending, and internal tools, balancing customer experience, regulatory obligations, and operational realities. This role is well suited to a PM who enjoys hands-on execution, structured problem-solving, and building systems that must work correctly every day.

This role is hybrid and requires working from the Paystack Lagos office for at least two days in a week.

Key responsibilities

Product Ownership & Execution

• Own the discovery, definition, and delivery of product features across one or more MFB product areas (e.g. onboarding, accounts, payments, lending).
• Translate regulatory, operational, and customer requirements into clear PRDs, user stories, and acceptance criteria.
• Maintain and prioritise a product backlog based on customer impact, risk, operational effort, and business value.

Cross-Functional Delivery

• Work closely with Engineering and Design to ship high-quality features on predictable timelines.
• Partner with Compliance, Risk, and Operations to ensure products meet CBN and internal policy requirements before launch.
• Support launch readiness, including documentation, support enablement, and post-launch monitoring.

Customer, Data & Continuous Improvement

• Use customer feedback, support insights, and data to identify friction and improve core banking journeys.
• Define and track success metrics for your product area (e.g. activation, completion rates, operational exceptions).
• Support iterative improvements based on real-world usage and operational learnings.

Qualifications and Requirements:

• 6+ years of experience in product management, ideally within fintech, financial services, or regulated products.
• Strong execution skills: able to break down ambiguous problems into clear, deliverable product requirements.
• Comfort working in regulated environments with multiple stakeholders and necessary process rigor.
• Data-informed decision-making mindset, with the ability to balance speed, risk, and correctness.
• Clear, structured communicator who can align engineering, design, and non-technical stakeholders.
• Willingness to be hands-on, including reviewing edge cases, supporting QA, and refining flows post-launch.

Benefits

• Competitive salary and compensation package
• Comprehensive medical cover
• Fully covered parental leave
• Opportunity to take on leadership responsibility in a growing financial institution
• Smart, kind colleagues who are invested in your growth

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