Compliance Associate at Fincra

Role Overview

• Overall, as a Compliance Associate, you are responsible for developing and implementing effective AML and KYC programs to prevent money laundering, terrorist financing, and other financial crimes.
• The ideal person will monitor business processes and perform routine audits to identify and mitigate potential compliance risks.

What you will be doing every day

• Review of Merchant's KYC documents at the point of onboarding and during the course of the relationship to ensure all KYC documents are in place.
• Ensure all KYC processes and procedures are in line with regulatory requirements and the guidelines outlined in Fincra’s KYC policy.
• Conduct gap analysis and identify key KYC risks and recommend corresponding mitigants;
• Monitoring transactions for suspicious activity and reporting any suspicious transactions to the relevant authorities.
• Conducting enhanced due diligence (EDD) on high-risk customers, including politically exposed persons (PEPs).
• Maintaining accurate records of customer due diligence and transaction monitoring activities.
• Prepare compliance reports for management and coordinate with various teams to evaluate all queries and resolutions.
• Providing AML and KYC training to employees to ensure they understand their responsibilities and can identify potential money laundering activities.
• Conduct periodic reviews of customer information to ensure it is accurate and up-to-date.

Minimum Requirements

• 5+ years experience as a Compliance Officer in a B2B environment, financial services or banking industry.
• Proven experience in AML Transaction Monitoring and KYC in a Fintech or commercial bank.
• Knowledge of the financial crime regulatory frameworkTransaction Monitoring and KYC systems.
• Understanding the complex interactions of regulatory frameworks in the international finance space.
• Knowledge of data protection regulatory framework and requirements
• Experience in a high-growth team and/or startup experience.
• Strong interpersonal, organizational, communications, analytical, and project management skills.

Cultural competencies (Company culture that we don’t negotiate with)

• Ownership, We are a team of individuals who are the CEO of their roles and are able to consistently make excellent decisions independently, even in the face of ambiguity or uncertainty. Our people have the creative freedom to design solutions to problems and the responsibility to execute the right results, expecting the same from your teammates. The company strives to provide overall direction and expectations for each team and role, however, we value people who are able to lead and drive initiatives on their own, in line with the direction.
• Excellence, For us to achieve our very lofty goals as a company, we need to be able to produce best-in-class results, even in the minutest of tasks. We are first-principle thinkers and we focus on solving problems from the root cause and not just the symptoms of the problem.
• People Skills, Our people are our greatest asset. They make up the company, and the culture and their behavior reflect what our values. We immensely care about our people and we always make our best effort to see that our people love spending time with each other.
• Communication, We are a people that take feedback seriously and we don’t shy away from even the hard stuff.

Perks

• A chance to be an early member of a high-growth startup
• We pay competitively in the Nigerian market for the matched experience and role
• Amazing work culture and a company that truly cares about creating the best and most fun place to work
• We offer health insurance that includes dental, and optical & covers major surgeries.
• Interest-free staff loans upon confirmation
• We currently work fully remote
• Stock options for early employees.
• Annual Training budget.