Compliance Officer

JOB DESCRIPTION

What I will be doing ?

• Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones in Ghana
• Ensure compliance with local and international regulatory requirements related to customer identification and verification
• Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Ghanian context
• Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes
• Serve as the primary point of contact for AML/CFT matters in Ghana
• Possess in-depth knowledge of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations in Ghana
• Develop and enforce AML/CFT policies and procedures tailored to the Ghanian regulatory environment
• Stay abreast of the regulatory landscape governing the payments industry in Ghana
• Interpret and communicate regulatory changes, especially those related to AML/CFT requirements, to relevant stakeholders within the organisation
• Establish and maintain strong relationships with regulators in Ghana
• Develop and implement compliance procedures specific to remittances and cross-border payments in Ghana
• Ensure adherence to regulatory requirements governing remittance services in the Ghanian market
• Conduct regular risk assessments to identify and mitigate potential compliance risks within the Ghanian context
• Collaborate with other departments to implement risk mitigation strategies
• Report findings and other compliance matters related to AML/CFT to different stakeholders in Ghana in a clear and understandable manner
• Ensure timely and accurate reporting to internal and external stakeholders as required by Ghanian regulations
• Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the Ghanian market
• Foster a culture of compliance awareness within the organisation

What skills and qualifications do I need?

• Bachelor's degree in a relevant field; additional certifications (e.g., CAMS, ACAMS, ICA) are a must
• 4-6 years of legal experience in consultancy firms, AML, Transaction Monitoring, and KYC within the banking or fintech sector
• Proven experience in a compliance role within the financial services industry, with a focus on payments and remittances
• In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Ghana
• Familiarity with Ghana regulatory frameworks for the payments industry
• Experience in engaging with regulators in Ghana and maintaining positive relationships
• Strong analytical and problem-solving skills