Compliance and Due Diligence Associate at BitPesa

Job Summary

• A key element of our AML compliance program is the management of our third-party population and the execution of effective client due diligence procedures on our business partner community.
• The Compliance and Due Diligence Associate will be responsible for reviewing new business/MTO customer sign ups as part of KYC process and ensuring prompt approvals.

Key Responsibilities

• Driving the implementation and execution of our compliance processes for the selection, onboarding and monitoring of our third-parties, in line with the group-wide policies and procedures and relevant legal requirements (4MLD, PSD2, etc.)
• Applying risk assessment procedures to appropriately identify and manage AML risks
• Suggesting and implementing - in close cooperation with the senior compliance management officer – adequate mitigation measures to reduce the BitPesa’s AML risk exposure
• Performing regular on-site visits at our business partner’s premises as part of the global due diligence and monitoring framework
• Liaising and coordinating all activities with all relevant business counterparts
• Providing training on Third-Party management and Compliance in general to both, internal and external stakeholders
• Sharing experience and suggestions with the HoD to continuously improve the effectiveness of the Third-Party Management CDD processes
• Maintaining records and a complete and up-to-date documentation
• Creating and tracking metrics on due diligence activities to achieve accountability and to ensure that all compliance policies, procedures and tools are effectively communicated and strictly followed.

Competencies:

• Process-oriented; ability to run sustainable due diligence procedures
• Strong ability to spot compliance issues and correspondingly strong ability to provide solutions or paths to resolution; problem-solver attitude.
• Working knowledge of laws and regulations, including 4th Money Laundering Directive, Payments Services Directive 2, U.S. Foreign Corrupt Practices Act, UK Bribery Act, data privacy rules & regulations.
• Capable of working independently and collaboratively.
• Strong organizational skills, with ability to handle many complex issues simultaneously, prioritizing and effectively managing time.
• Strong analytical skills, including ability to manage highly sensitive matters and information with discretion and excellent judgment.
• Ability to work across functions, cultures, and organizational hierarchy.
• Strong project management skills, to include managing and prioritizing multiple concurrent projects, and reporting progress and risks to colleagues and senior management.
• Attention to detail, including documentation, record-keeping, and tracking.
• Must have excellent verbal and written communication skills and ability to communicate complicated information in an understandable and engaging way.
• Ability to influence and build followership with associates at all levels

Requirements

• Bachelor's degree in Business or Law and minimum 2 years’ experience in Third Party Compliance / Third Party due diligence in the Financial Services environment
• Excellent knowledge of business ethics, integrity codes, and the Corporate Guidelines for Business Partners
• Excellent level of interpersonal skills with the ability to work effectively with others and liaise between internal and external stakeholders
• Excellent organizational, planning and follow-up skills and the ability to meet critical deadlines quickly and reliably
• Excellent attention to detail, analytical ability and creative problem-solving skills
• Strong oral, written and presentation communication skills
• Strong negotiation and persuasive communication skills
• Willingness to travel - domestic and international (<25%).