Compliance & AML Specialist - BKT Pay
Compliance & AML Specialist -BKT Pay
The candidate will be responsible for the ensuring regulatory compliance to all applicable laws, regulations, policies and standards that impact electronic money institution. He/she may work closely with the immediate superior in overseeing compliance procedures, assisting in risk assessment, conducting testing’s, etc. In addition, the candidate will play a vital role in ensuring the BKT PAY’s compliance with Anti-Money Laundering and counter financing of terrorism regulations. The candidate will be responsible for implementing and enhancing AML/CFT policies, closely monitor customer onboarding, conducting investigations, and monitoring transactions to detect suspicious activities.
Key Responsibilities:
The candidate will be responsible for the ensuring regulatory compliance to all applicable laws, regulations, policies and standards that impact electronic money institution. He/she may work closely with the immediate superior in overseeing compliance procedures, assisting in risk assessment, conducting testing’s, etc. In addition, the candidate will play a vital role in ensuring the BKT PAY’s compliance with Anti-Money Laundering and counter financing of terrorism regulations. The candidate will be responsible for implementing and enhancing AML/CFT policies, closely monitor customer onboarding, conducting investigations, and monitoring transactions to detect suspicious activities.
Key Responsibilities:
- Review and evaluate procedures to identify potential risks and non-compliance with regulatory framework.
- Assist with assessment of possible impact of any legal and regulatory change on the electronic money institution's activity and on the compliance framework.
- Performing compliance risk assessments of new products/services and systems/platforms.
- Performs monitoring controls for customer complaints based on periodic reports provided by responsible departments.
- Analyze daily onboarding cases with focus on High Risk and complexes cases.
- Analyze daily hits and alerts generated from Sanctions Screening platform.
- Analyze client data, documentation, and open sources in order to determine the customer’s risk profile.
- Perform daily and periodic controls of transactions for identifying suspicious and anomalous transactions.
- Prepare Suspicious Activity Reports (SAR) by providing relevant documents and information and consult.
- Maintains records regarding the results and conclusions on suspicious cases.
- Assists Compliance Manager with recommendations for revisions and drafting of new measures regarding CDD (Customer Due Diligence) and EDD (Enhanced Due Diligence) by taking into consideration also deficiencies identified during day-to-day controls or reported by other units.
- Assist the operational staff with opinions and recommendations on applicable due diligence requirements to customers and transactions.
- Implements all amendments or optimizations needed.
- Conduct AML investigations and due diligence to identify and mitigate potential risks.
- Stay abreast of regulatory changes and ensure compliance with AML regulatory requirements.
- Collaborate with operational sector to enhance AML processes and implement best practices.
- Other duties associated with the functions of Compliance Unit as demanded by Immediate Superior
- Bachelor’s degree in finance, business, law or related field.
- Minimum 3 years’ experience in related fields.
- High level of integrity and honesty.
- Ability to maintain confidentiality.
- Ability to work independently and in a team environment.