Purpose of the job:
The Financial Crime Compliance Analyst will play a crucial role in safeguarding VALR against financial crime, particularly in the realms of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF). This position is essential in ensuring compliance with regulatory requirements while promoting a culture of integrity and transparency within VALR.
What will you be doing:
- Monitor transactions for suspicious activities and patterns indicative of potential money laundering or other financial crimes.
- Identify and flag high-risk transactions and clients for further investigation, ensuring timely recognition of red flags.
- Report findings to relevant stakeholders, including compliance teams and regulatory bodies, in accordance with legal requirements.
- Investigate automated transaction monitoring alerts generated by blockchain analytics software and other internal systems to identify possible criminal or suspicious activities on client accounts.
- Review alerts from automated transaction monitoring systems, providing substantiated justifications and evidence for adjustments to enhance future alert accuracy.
- Conduct comprehensive investigations into relevant findings raised by internal stakeholders or external parties, ensuring prompt remediation.
- Manage all regulatory reporting obligations, including Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs), ensuring high-quality submissions are escalated to risk review forums and leadership.
- Communicate with clients for remediation and due diligence purposes, ensuring compliance with Know Your Customer (KYC) regulations.
- Oversee investigations related to Anti-Money Laundering, ensuring adherence to Service Level Agreements (SLAs) and taking necessary actions to meet deadlines.
- Support the Chief Compliance Officer with regulatory reviews and risk management projects, contributing insights to the fraud department on general fraud matters and assisting in training and awareness initiatives.
- Assist the Client Service team and Fraud Risk Champion with compliance-related inquiries, acting as a resource for compliance matters.
- Participate in ad hoc projects as needed, beyond the defined responsibilities.
What we look for in you:
- Bachelor's degree in Finance, Business, Law, or a related field.
- Solid experience in financial crime compliance, AML, or a related area, ideally within the cryptocurrency or financial services sector, with a focus on anti-financial crime and fraud transaction monitoring.
- Certifications from blockchain analytics providers are a plus but not essential.
- Strong understanding of the flow of money, compliance requirements, and AML regulations, including international best standards for financial crime controls.
- Excellent analytical skills with a keen attention to detail.
- Strong verbal and written communication skills, with the ability to clearly convey complex information.
- Proficiency in compliance software and transaction monitoring systems.
- Ability to work both independently and collaboratively in a fast-paced environment.
What can you expect from VALR:
- Competitive salary: Get paid well to work in an exciting industry.
- Leave: Compliance with statutory leave required by individual countries, in addition to flexible leave.
- Remote work: You can work from wherever you like. However, to work effectively remotely, employees must ensure that there is secure, stable internet connectivity.
- Home office setup: A Mac laptop and a discretionary allowance to buy all the extras needed to work happily from home—all of it yours to keep after three years. Terms and Conditions will apply.
- Learning fund: An annual upskilling budget of R20,000 per employee, which will be converted to the respective currency of the employee's payment, in addition to scheduled VALR training.
- Performance bonus: When you contribute to VALR’s success, you’ll be rewarded with discretionary bonuses.
- Regular get-togethers outside of work.
- Annual company retreats.
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