KYC Onboarding Officer

at  Square Ventures

QUALIFICATIONS

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• Great communication skills (written and non-verbal communication skills) with the ability to communicate at all levels of seniority.
• Proven Knowledge in online gambling industry, specifically in regulatory compliance (AML and Fraud experience is considered a plus) and/ or previous compliance or audit background.
• Proficiency in MS Office applications, especially in MS Excel and PowerPoint.
• Qualifications in Compliance, Audit or Risk Management (Optional).
• Awareness about AML / CFT concepts.
• Knowledge of Responsible Gaming Policies is a plus.
• Structured and analytical vision, proactive side and able to work on your own initiative.

ABOUT THE ROLE

• We are seeking a diligent and knowledgeable KYC Onboarding Officer to conduct effective customer due diligence on new and existing clients, including Payment Service Providers, Gaming Providers, Payment Agents, and EMIs (Electronic Money Institutions). The role involves managing onboarding processes for these entities, performing client due diligence checks, and determining the appropriate level of due diligence required to comply with Anti-Money Laundering (AML) regulations set forth by various regulatory bodies.

KEY RESPONSIBILITIES

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• Communicate effectively and efficiently with relevant internal and external parties to obtain KYC/ KYB documents.
• Validate the client risk assessment report by ensuring that the correct appreciation rating has been assigned to the providers.
• Assessment of internal controls and procedures (related to KYC/ KYB documentation).
• Assist the Compliance Department in connection with participation in the development and implementation of compliance policies and procedures.
• Assist the Compliance Officer in the preparation of correspondences to be sent to local authorities/ of other relevant entities.
• Report and escalate noncompliance matters to the Compliance Officer.
• Ensure that all CDD information, documents and files are properly maintained, stored and recorded.
• Assist the Compliance Officer in the preparation of quarterly/ annually Compliance Report for various audit processes and regulatory requirements.
• Other ad hoc AML/ Compliance projects and duties may arise from time to time. Therefore, onboarding officer must engage and assist in this matter.
• Supporting the Business in ensuring AML risk assessments have been properly completed.
• Assessing and Validating KYC/ KYB documentation.
• Using databases, external and internal, and conducting research as part of this due diligence.
• Conducting screening process (Exp: Identification and escalation of Politically Exposed Persons associated with medium and high-risk clients; Identification and escalation of any adverse reports associated with the clients; Completion of enhanced due diligence searches for clients etc.).
• Assisting Compliance Department in producing & updating internal policies and procedures.
• Assisting Compliance Department in new systems testing imposed by the relevant regulatory body.
• Assisting Compliance Department in producing reports / stats.
• Assist the compliance team regarding the administrative tasks.
• Ensuring that the applications for suppliers on-boarding are managed efficiently.
• Managing and overseeing the company’s website, ensuring that the product specifications and policies are consistent with the regulatory conditions for each jurisdiction, as well as maintaining and submitting relevant report (in connection with Compliance Department).
• Provide timely and accurate status updates to the relevant manager for all assigned tasks.