Compliance Analyst - Transaction Monitoring

at  Payreto

POSITION OVERVIEW

A Compliance Analyst’s primary responsibility is to aid risk mitigation by following the client’s rules, policies, and instructions in accordance with AML, CFT and other legislation. The Analyst is responsible for accurately analyzing all user data, documenting compliance with company processes. They will perform screening of Sanctions alerts, carry out Transaction Monitoring, review compliance reports, and inspect activity to identify potential compliance issues. The Analyst will provide support to the AML function since it is an important part of the 1st line of defense against Money Laundering(ML) / Terrorist Financing (TF). They must have the motivation and expertise to lead Payreto to be successful in the Compliance field. In addition, here are the essential soft traits expected of the Payreto team that must be demonstrated: self-organization, independence, flexibility, and smartness.

OTHER TASKS

• Suggest process improvements.
• Assist in ad hoc work assigned by the immediate supervisor.
• Review triggered alerts from customers’ transactions with potential name match to OFAC, United Nations, European Union and others.
• Confirm or discount the alerts using the additional information received from the sending/receiving partners by checking the name and other data points to confirm a true match.
• Barring individuals from transactions reported as fraudulent or scam by the partners and customers submitting dubious/fictitious names on their transactions.