Sanction Compliance Officer

Responsibilities:

• Periodically review KYC records for completeness and validity that the files and risk assessments are current and up to date; ensuring that due diligence standards are complied with.
• Perform due diligence on new merchants by reviewing and verifying their KYC documentation
• Maintain continuous contact with UP merchants to keep merchants' files and KYC records updated.
• Perform further investigation on identified suspicious merchants and report to the AML compliance officer.
• Review Sanction screening alerts for all new merchants at the onboarding stage.
• Review the ongoing screening alerts on all existing merchants daily; update and maintain the internal Blacklist in line with local AML requirements.
• Prepare internal STR cases for AML-CTF Compliance Officer review resulting from Sanctions Screening analysis along with all the supporting documents and reasons of suspicion.
• Apply PND on any attempted transaction to a blacklisted person/entity/bank/jurisdiction.
• Discuss and escalate sanction Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues.

Requirements:

• University  Degree/HND in Finance, Accountancy, Banking, or  Computer Engineering
• Minimum 2-3 years of relevant compliance in the field of AML/ KYC/EDD handling in the fintech industry is strongly preferred.
• Minimum 3 years of direct work experience in compliance, audit, or investigation in the financial industry
• People skills, investigative and audit skills, and great report-writing experience
• Good understanding of AML laws & regulations
• Good understanding of financial products & services
• Professional certification in Compliance, Fraud, and investigation would be an added advantage.