AML/KYC Specialist

Job Title: AML/KYC Specialist
Location: Remote
Salary: N250,000 - N450,000

Job Description:

We are seeking an experienced and highly skilled AML/KYC Specialist with a strong background in Fintech, Banking, or Payments to join our dynamic startup team. The ideal candidate will have 5-8 years of relevant experience and possess extensive knowledge of the financial regulatory landscape, particularly in Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. As our AML/KYC Specialist, you will play a critical role in developing and implementing robust AML/KYC policies and procedures to ensure compliance with industry standards and regulations.

DUTIES AND RESPONSIBILITIES

• Stay abreast of the ever-evolving financial regulatory landscape and ensure the company's adherence to relevant regulations.
•  Develop, implement, and manage AML/KYC policies and procedures in line with industry best practices and regulatory requirements.
• Conduct risk assessments and due diligence on customers, ensuring compliance with KYC and KYB regulations.
• Design and oversee transaction monitoring systems to detect and report suspicious activities and transactions.
• Conduct investigations into flagged transactions, collaborating with internal teams and external partners as necessary.
• Keep abreast of emerging trends and technologies in AML/KYC, implementing improvements to enhance effectiveness.
• Manage and optimize transaction screening systems, ensuring they align with regulatory standards.
• Collaborate with cross-functional teams, including legal, compliance, and operations, to ensure comprehensive AML/KYC coverage.
•  Provide training and guidance to internal teams on AML/KYC policies, procedures, and best practices.
• Prepare and submit reports to regulatory authorities, as required.
• Other Tasks: Execute flawlessly on any other task assigned to you from time to time.

QUALIFICATIONS & REQUIREMENTS

• Bachelor's degree in Finance, Business, or a related field (or equivalent work experience).
• 5-8 years of hands-on experience in AML/KYC roles within the Fintech, Banking, or Payments industry.
• In-depth knowledge of financial regulatory requirements, with a focus on AML regulations and policies.
• Strong understanding of KYC and KYB regulations and their practical application.
• Proven experience in transaction monitoring, including the implementation and management of transaction monitoring systems.
• Familiarity with transaction screening systems and the ability to optimize and manage them effectively.
• Excellent analytical and investigative skills, with the ability to assess and respond to suspicious activities.