AML/CFT/CPF Compliance Officer at Unlimit
Job Description
Founded in 2009, Unlimit is a global fintech company with 16 offices all over the world and more than 400 employees, that offers a large portfolio of financial services – from acquiring (payment processing) to banking and banking as a service.Responsibilities:
AML / CFT / Sanction compliance
Ensure effective AML/CTF/Sanction compliance throughout the business
Identify AML/CTF/Sanction risks associated with the business practices, products and services
Monitor developments and new trends in the Nigerian AML/CFT/CPF framework
Maintain and further development of AML/CTF/CPF Sanction policy, program, practices and procedures in order to be in compliance with the current regulation, requirements of external partners and best practices
Regulatory compliance
Ensure that the business meets its regulatory requirements and mitigate AML/CTF/CPF Sanction risks to avoid breaches, fines, and regulatory sanctions
Assess the effectiveness and adequacy of the policy, procedures and controls through regular or special AML audits
Assess internal trends, external regulatory & law enforcement environment to make recommendations, understand risk areas and alter or add to current processes
Prepare periodic reports to the Board, management and regulatory bodies, e.g. Annual and semi-annual AML/CTF /CPF compliance officer Report, annual AML Risk Assessment Report, annual AML program, etc
Assist with regulatory inquiries and inspections, internal and external audits
Assist with development and adaption of the internal system and other utilized systems for AML purposes
Be responsible for periodic regulatory reports or returns on AML/CFT/CPF matters to the CND and any other regulator within the financial system
Provide advice and assistance to other functions dealing with AML/CTF/CPF Sanction related matters
Training & Awareness
Prepare and provide tailor-made AML/CTF/CPF Sanction training for Board, Management and all Staff
Transaction Monitoring
Identifying, monitoring, and reporting of STRs and CTRs
Continuously improve transaction monitoring systems to detect & report suspicious activities
Perform ad-hoc reviews to ensure the effectiveness of transaction monitoring processes & procedures
Ensure that when appropriate, the information or other matter leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion of ML/TF/PF is properly disclosed to the Board
Merchant KYC/KYB & Onboarding
Oversee and manage the Know Your Customer (KYC) and KYB onboarding process for new customers and review & update existing customers
Establish and maintain an effective Customer Due Diligence/Enhanced Due Diligence risk rating and ensure ongoing assessments
Ensure compliance with local and international regulatory requirements related to customer identification and verification
Remittance Compliance
Ensure compliance procedures specific to remittances and cross-border payments
Ensure adherence to regulatory requirements governing remittance services
Requirements:
10+ years of effective working experience as AML/CFT compliance officer or Deputy AML/CFT compliance officer at Nigeria regulated Bank or Electronic Money Institution or Payments company
Experience in liaising with bank-partners (correspondent banks), auditors, financial regulators and the ability to handle regulatory inquiries and inspections, as well as audits and requests
Solid experience in drafting, reviewing and updating of AML/CTF/CPF Sanction policies and procedures relevant to the business in order to reflect industry best practices, the evolving regulatory environment and changes to the business
Solid experience in implementation and monitoring of AML/CTF/CPF Sanction related practices and measures throughout the business
Excellent analytical and organizational skills with strong attention to detail
Confidence to interact with individuals from all levels of the business and relevant external partners
Additioanal certificate – e.g. CAMS, ACAMS, ICA
University degree in a relevant field
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