Job Summary

Responsible for Compliance Investigations (Transaction Monitoring) and escalations, Screening, Customer OnBoarding (Enhanced Due Diligence), Compliance Training, Provider Administration, Support in the Program build.

  • Minimum Qualification: Degree
  • Experience Level: Mid level
  • Experience Length: 4 years

Job Description/Requirements

Responsibilities:

  • Carrying out regular reviews of the business to check compliance with Financial Crime & AML rules and other UK regulations following support and training
  • Actively check adherence to the Company’s policies, controls and procedures and review their effectiveness
  • Monitoring of iSARs channels and escalations according to the P&Ps
  • Provide information to the reporting supervisor (currently HoC) on the status of the company's compliance to Policies and Processes
  • Recommend and carry out improvements where deemed necessary
  • Assisting with the requirements of the Compliance Department
  • Dealing with daily requests from the Business (Operations, Relationship Managers) for assistance or approval, or referring to Head of Compliance
  • Support with ongoing system changes and process changes affecting the business (CRM system, Transaction Monitoring Systems etc.)
  • Supporting with requests from third parties, such as Banks, FCA, HMRC, Law Enforcement
  • Assisting the Compliance Officer and Head of Compliance with ad-hoc projects and tasks
  • Performing Transaction Monitoring and Compliance Monitoring & Testing using Sampling and Data Analysis techniques
  • Carrying out regular reviews of the business to check compliance with regulations
  • Collecting, aggregating, analysing, and visualizing data to identify trends and evaluate changes across data obtained from transaction reporting.
  • Drafting MI on a monthly basis

Regulatory Relationships / Engagement:

  • Support the Head of Compliance by reviewing unusual activity identified during Transaction Monitoring and reviewing internal disclosures of suspected money laundering or terrorist financing activities and advising whether or not there is sufficient evidence to warrant disclosure to the relevant authority
  • Support the Head of Compliance by adhering to the wider Compliance Monitoring framework
  • Undertake Compliance requests, analyse and escalate them within the departments according to the procedures
  • Keep abreast of key regulatory changes which may impact the firm’s businesses
  • Policies and Procedures:
  • Support the Head of Compliance in developing the Transaction Monitoring and the Compliance Monitoring and Testing processes but suggesting possible enhancements that may be found from day to day work
  • Support the Head of Compliance in Monitoring and Testing processes related to other specified regulatory areas
  • Support the Heads of Compliance in developing processes and suggesting possible enhancements that may be found from day to day work

Experience:

  • Experience in a Financial Services
  • Ideally, but not necessarily experience in Compliance within Fintech Organisations

Skills:

  • Excellent interpersonal skills, with the ability to work well within a team environment and build relationships. The impactful and efficient communicator in BAU setting or training settings
  • Visionary, ambitious and thinking out of the box. Interested to advance professional skills
  • Appreciation of the concept of the Contemporary Compliance importance within Fintechs and able to see the bigger picture as well as standardisation of operations by automation and training
  • Comfortable with new technology, interfaces and quick learner
  • Proficient in Microsoft Office Suite (Word, Excel, Project, PowerPoint). Excel is pivotal here and knowledge of advanced features is required.
  • Attention to detail with the ability to produce high-quality reports
  • Excellent English writing (report writing and presentation skills) and verbal communication skills
  • A systematic approach to work, good organisational skills with the ability to multitask and prioritize to tight deadlines
  • Self-motivated team player, independent and able to prioritise. Be Enthusiastic, self-motivated, and effective under pressure. Solution and Result Oriented and happy to work without close supervision when provided with adequate support
  • Not afraid to say "no" and respect assigned deadlines
  • Enthusiastic and passionate with the ability to maintain strict confidentiality
  • An analytical and enquiring mindset with an ability to analyse complex information and make appropriate judgements
  • Ability to deal with problems in a practical and common-sense way, and make sound decisions.

Qualification:

  • Economics/Law Degree (Qualified), plus ideally any specific Financial Compliance related qualifications
  • Ideally, but not necessarily, knowledge of the regulatory and legal framework relating to the business (Payment Service Directive (PSD2) and Markets in Financial Instruments Directive (MiFID II)

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