Company Summary
AZA Finance is an established provider of currency trading and cross-border payment solutions which accelerate global access to frontier markets through an innovative infrastructure. By leveraging cutting-edge technology in our flagship products, AZA is able to significantly lower the cost and increase the speed of business payments to, from, and across frontier markets. Our API product provides both wholesale currency purchase and retail settlement via our robust API while our Web-Based platform is our B2B over-the-counter product that caters to businesses with wholesale currency needs, especially those paying partners and suppliers. Our partners utilize our hybrid financial infrastructure and deep local knowledge to manage liquidity and send payments to dozens of bank networks, mobile money operators, and payments aggregators across Africa. Licensed by the UK's FCA and the Bank of Spain, AZA is a market-maker in every major African currency. AZA was founded in 2013 and now has offices in Nairobi, Lagos, London, Luxembourg, Madrid, Kampala, and Dakar.
Job Summary
We are hiring a compliance specialist to join the Compliance Team. Compliance Specialists monitor numerous real-time systems to review high-risk customers, transactions, and analyze records to identify and prevent illegal activities. At the same time, they contribute to product improvements to make transfers safe and easy to initiate for our customers. The purpose of the role is to provide support, analysis, and assistance to the AML Investigations team. You will be on the front line of Suspicious Activity Reports / Unusual Activity Reports (SARs/UARs) and assist responses to Regulators and Law Enforcement Agencies. Upon conducting in-depth analysis of UARs raised within the business, reports to highlight findings, weaknesses, and controls will be completed to ensure the business is constantly strengthening its processes to mitigate any AML risks posed to AZA Finance API product.
Requirements
Understanding of law and regulations related to AML/CTF. We will equip you with job-specific knowledge during initial training, yet we expect that you already understand trends and developments in AML risks and concerns. Previous investigative experience would be an advantage.
Key Duties and Responsibilities
- Supporting the AML Investigations Team to deliver accurate and timely official responses to RFIs/DPAs on behalf of AZA Finance (API product).
- Investigating suspicious activity across all AZA Finance platforms (Internal and External risk factors).
- Drafting and submitting of SARs to the SEPBLAC and other Financial Intelligence Units.
- Review of Risk and Fraud monthly UAR report. Analysis and reviewing of the information presented, alongside the decision-making process of the individual cases.
- Identifying and combating new and emerging threats in financial crime; creating recommendations for the business on how to counter these threats through the analysis of UARs received.
- Assessment and analysis of Enhanced Due Diligence reviews completed by the Key Account Management Team and EDD Team.
- Recommendations of appropriate action to be taken on adverse media cases.
- Provide support to the AML Investigations Manager when high-level requests are received from Regulators' timetables.
Qualifications Required
- Some understanding and knowledge of AML and CFT regulations.
- Experience of working closely with both internal and external stakeholders.
- Experience of working in a similar industry.
- Some experience of carrying out investigatory work.
- Attention to detail & accuracy.
- Some experience in a regulated industry.
- Some experience of open and closed source investigation work.
Benefits
- A competitive salary and benefits package.
- Global / regional network / exposure in FinTech / Blockchain industry.
- One of the hottest, fastest scaling start-ups in Africa.
- Casual work environment.
- Great work-life balance.
- We value autonomy.
- Opportunity for growth for all employees.
- Opportunity to work hard and play hard.
AZA Finance is an equal opportunity employer and will consider every qualified applicant for employment. AZA Finance does not discriminate based on race, ethnicity, national origin, ancestry, religion, gender, sexual orientation, or disability.
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