Compliance Analyst

**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.

**WHAT WILL YOU DO?**

**Sanctioned Lists Screening reviews**
- Review triggered alerts from customers' transactions with potential name match to OFAC, United Nations, European Union and others.
- Reach out to concern partners or their managers to gather additional information.
- 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.

**Transactions Monitoring**
- Investigate automatic alerts generated by the case management tool to detect patterns in transactions and relationships across multiple senders/beneficiaries.
- Identify the red flags associated with transactions or customer's data using wire transfers.
- Communicate with sending/receiving partners as needed to identify additional information needed to support final disposition of the case.
- Determine whether to accept cases, ask for supporting documents or escalate findings along with filing an Unusual Activity Report to MLRO.

**Risk word Screening**
- Scanned against the sender first and last name and the beneficiary first and last name to detect transactions that may fall outside of product scope or the company's risk appetite and to detect potential financial crime and terrorist financing.
- Escalate the transaction to MRLO via Unusual Activity Report tool if there is suspicion that the transaction is related to financial crime/terrorist financing.

**AML Reporting**
- Prepare reports by collecting, analyzing, and summarizing information and putting it in required formats. Write out fact-filled reports for the clients or compile relevant statistics for a regulatory agency.
- Create SAR (Suspicious Alert Reporting) and STR (Suspicious Transaction Reporting) for internal escalation.
- Generate a monthly report for internal usage or upon client request.

**Fraud Reporting**
- Respond to any requests for information on fraud reports received from various institutions.

**Other Tasks**
- Suggest process improvements.
- Assist in ad hoc work assigned by the immediate supervisor.

**WHAT SHOULD YOU HAVE?**
- Completed at least 2 years in college of any course OR must have graduated from a 2-year vocational course.
- Must have proficiency in MS Office Suite and G Suite (Google).
- Good written and verbal communication and customer service skills.
- Detail-oriented and must have strong cognitive, comprehension, and strong analytical skills.

**NICE TO HAVE**
- Ideally with a Bachelor's degree in Law, Business administration, Accounting, Finance or another related field.
- 1 - 3 yrs experience in KYB, KYC, AML Compliance related work.

**SHIFT SCHEDULE**
- 2PM - 11PM (GMT+7)
- Subject to change depending on business needs.
- Must be amenable to work on night shift, shifting schedule and work on weekends and/or holidays.

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