Compliance and Licensing Paralegal

Overview

Prodigy Finance - who are we?

Founded in 2007, Prodigy Finance is an international student lender that has helped 45,000+ international master's students attend the world’s top universities. To date, Prodigy has disbursed over $2.3 billion in funding to students from more than 120 countries.

Prodigy Finance is fueled by impact investors and global financial institutions who invest in tomorrow s leaders while earning a financial and social return. Prodigy’s borderless lending model enables students to apply for an educational loan based on their future earning potential and not just their current circumstances and credit history.

Prodigy Finance is a UK-based and UK FCA-regulated financial services provider, with offices in both London and Cape Town, and teams spread across the world.

What will you do in the role?

We are looking for an experienced and self-motivated legal professional (junior lawyer, compliance professional or qualified paralegal) to assist Prodigy Finance’s in-house Legal & Compliance Team. This person will be responsible for managing and coordinating a number of legal and compliance administrative and logistical functions. The role is based in Cape Town, although Prodigy Finance’s Legal & Compliance Team is spread across Cape Town and London.

The candidate will report to the Head of Legal and Compliance. This is a remote working position, however the successful candidate will be expected to come into the Cape Town office (situated in the city bowl) at least once a week.

• General:
  • Manage the systems that support the Legal & Compliance Team including workflow processes, diary systems and management of meetings
  • Manage the document and information systems including the contract database, document storage systems, electronic archiving and knowledge database
  • General administration, including arranging for signing and notarisation of documents
• US Licensing
  • New license applications - Assist the team to collate all information and documents to prepare for the applications and address queries and additional requirements of US state regulators
  • Renewal of licenses - Keep track of when and how renewals should be done, record the requirements for the renewals, assist the team to prepare and submit the renewal applications, track the approval process and file the renewal certificates and confirmations
  • Reporting - Keep track of when and how periodic reporting should be done, record the requirements for each report including sourcing the relevant forms and assist the team to complete and submit the reports
  • Examinations - Assist the team to source and collate the information & documents requested by the US state regulators, prepare presentations (when required) and address any follow-up queries
  • Manage communications and enquiries with state regulators and licensing vendors
• Compliance
  • Compliance Training - develop training with the help of AI on various compliance topics and internal compliance policies, manage the roll-out of training and prepare reports.
  • Suspicious transactions - daily monitoring and investigation of identified transactions, and preparing of escalation and management reports.
  • PEP and sanctions screening - daily monitoring and investigation of positive matches, escalation of high risk cases, and preparation of reporting.
  • Data protection - data breach investigations and reporting, preparing transfer risk assessments and data process agreements.
  • Monitor, investigate and escalate reporting on compliance registers (e.g. whistleblowing, gifts and entertainment, conflicts and data breaches).
  • FCA (UK Regulator) reporting - deadline management and assistance with compilation of reports.
  • Implementation of UK and US state & federal law compliance obligations - assist the team with gap analysis, set-up workshops with business partners and monitor implementation of the compliance obligations.
  • Conducting compliance and legal research on various topics.

• Excellent organisational, management and administrative skills with strong attention to detail and an ability to understand and identify any potential problems or errors.
• Be proactive, innovative, able to work…