Senior Associate, AML Monitoring & Reporting Compliance

JOB DESCRIPTIONS

Responsibilities

• Review and investigate cases containing potentially suspicious activity, including fraud. Conduct a review of internal systems and open source research to determine whether the activity has an apparent legitimate purpose or may require escalation to a local Money Laundering Reporting Officer. Draft case narratives clearly articulating the rationale of the decision and attach supporting documentation in accordance with policy and procedures.
• Complete investigations accurately and in a timely manner. Adhere to Key Performance Indicators and established Service Level Agreements.
• Understand and identify red flags and indicia of suspicious activity, including fraud. Understand how Flutterwave products and services are used and identify anomalies.
• Request and manage Requests for Information (RFIs) to the customer to provide additional context for transactions, which may assist an investigation decision.
• Demonstrate expertise and proficiency in the execution of procedures and understand of red flags / suspicious typologies.
• Communicate with and provide feedback to transaction monitoring units in the first line conducting initial alert reviews to facilitate consistent and quality execution of Transaction Monitoring and Investigation procedures. Identify and suggest potential training opportunities for first line transaction monitoring analysts, as warranted.
• Assist the AML Monitoring and Reporting Manager with department-wide performance reporting as required.
• Recommend strategies to enhance the efficiency and effectiveness of the implementation of the Transaction Monitoring and Investigations process.
• Stay updated on the latest regulatory developments and changes in AML/CTF and Fraud requirements.
• Identify and escalate trends in potentially suspicious activity to the AML Monitoring and Reporting Manager. Identify where activity may require escalation to other leadership, such as activity necessitating escalation to the sanctions officer or Risk.
• Ensure personal information of customers, employees, and other individuals the company conducts business with is processed and protected in line with applicable data privacy policies, privacy laws, and global best practices.

Required competency and skillset 

• 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.
• Minimum of five (5) years of experience in a similar role, preferably in the payment industry. Specific experience assessing and reviewing system generated and manual AML/Fraud alerts and/or escalations/SAR write-ups for potentially suspicious activity is a must.
• Strong knowledge of AML/CFT regulations, transaction monitoring systems, and risk management principles.
• Familiarity with investigation tools, such as case management software, data analytics platforms, or forensic analysis tools.
• Strong understanding of the legal, corporate governance, and regulatory environment related to investigation and filing of potentially suspicious activity and jurisdiction specific regulations related to Anti-Money Laundering Investigations.
• Ability to detect and mitigate red flags for potential financial crime, including money laundering, terrorism financing activities and Counter Proliferation Financing and Fraud as it appears in transactional data.
• Ability to work effectively and drive results in a fast-paced environment.
• Strong problem-solving skills and the ability to make sound decisions.
• Proficiency in English required, with additional proficiency in French preferred.
• Proficiency in Microsoft Excel.
• Effective oral and written communication skills, including ability to develop clear and direct case narratives.
• Ability to manage and prioritize several tasks simultaneously and autonomously.
• Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) are a bonus.