Analyst, Compliance

The Role:

• The Analyst, Compliance executes the company's due diligence policies for both enterprise and SMB business and consumer customer segments. The Analyst is responsible for collecting and assessing enhanced due diligence for higher risk customers in accordance with defined criteria.
• The Analyst will collect and evaluate additional documentation from the customer as well as open source research to assess and understand customers’ risk profiles to prevent the risk of money laundering, terrorist financing, proliferation financing, fraud, bribery, and corruption. This role reports to the EDD Manager.

Responsibilities include, but are not limited to:

• Conduct daily monitoring of transaction alerts on automated systems.
• Investigate suspicious transactions, red flags, and potential financial crime cases ML/TF, fraud, sanctions evasion.
• Perform KYC/CDD/EDD reviews and sample testing on customer onboarding.
• Prepare detailed reports for the Money Laundering Reporting Officer MLRO or relevant management.
• File Suspicious Activity Reports SARs or Suspicious Transaction Reports STRs with regulators e.g., NFIU within timelines.
• Handle regulatory requests for information and documentation.
• Implement and enforce AML/CTF/Fraud policies and procedures.
• Conduct risk assessments and recommend controls to mitigate financial crime risks.
• Maintain and update compliance records, systems, and checklists.
• Advise business units on compliance queries and regulatory changes.
• Provide training to staff on financial crime awareness and best practices.
• Liaise with internal teams Risk, Legal, Operations and external bodies Regulators, Correspondent Banks.
• Stay updated on evolving financial crime trends, laws, and regulations in Nigeria.
• Understand red flags and Flutterwave policy and procedures to understand if a customer poses undue risk to the company, such as engaging in an unsupported line of business.
• Stay updated on the latest regulatory developments and changes in AML/CTF, particularly with respect to customer due diligence requirements. Incorporate feedback received from EDD Manager and EDD Senior Manager regarding updates to procedures, local trends that may impact how to evaluate risk, etc.

Required Qualifications to be a Waver:

• Bachelor's degree in Financial Management or Investment Management, Business Management, Commerce, Commerce in Business Innovation and Entrepreneurship, or a related field. Advanced degree preferred.
• 1- 2 years’ of experience in a similar role, preferably in the payment industry. Specific experience with conducting EDD preferred.
• Understanding of the legal, corporate governance, and regulatory environment related to KYC/Customer Due Diligence requirements and jurisdiction specific regulations.
• Ability to detect and mitigate red flags for potential financial crime, including money laundering, terrorism financing activities, proliferation financing, and fraud as it appears in customer profiles and associated transactional activity. Keen research skills are a must.
• Experience with customer due diligence tools used for identity verification and external research.
• Strong problem-solving skills and the ability to make sound decisions.
• Ability to work effectively and drive results in a fast-paced environment with exceptional attention to detail.
• Proficiency in English required, with additional proficiency in French preferred.
• Proficiency in Microsoft Excel.
• Effective oral and written communication skills, including ability to draft clear analysis.
• Ability to manage and prioritize several tasks simultaneously and autonomously.