AML Transaction Monitoring Lead at Klasha

Klasha makes it easy for African consumers to shop online. We build technology that allows African consumers to easily access the goods they want on the continent. We enable payments online in local African currencies and can handle the last-mile logistics for our retail partners too. Statistically, Africa is the future, so we believe consumers on the continent should have the same frictionless access to the global e-commerce economy as consumers in the West.

Klasha was founded in Lagos, Nigeria in 2018 and is backed by Techstars, Ginco Investments and a group of notable angel investors. Klasha is run by 20-somethings from five nationalities that speak six different languages between them. Klasha has offices in Johannesburg, South Africa and Lagos, Nigeria.

We are recruiting to fill the position below:

Job Title: AML Transaction Monitoring Lead

Location: Lagos (Hybrid)
Employment type: Full-time

About the Role

• As an AML Transaction Monitoring Analyst, you will play a vital role in protecting Klasha from risks associated with money laundering and financial crime.
• This role demands a keen eye for detail, strong analytical skills, and the ability to work collaboratively with various stakeholders.
• You will be responsible for monitoring, analyzing, and investigating suspicious financial activities and ensuring compliance with relevant AML regulations.
• The ideal candidate should have a strong understanding of AML laws, excellent analytical skills, and the ability to work collaboratively.
• Experience with AML tools is preferred.

Key Responsibilities
Transaction Monitoring:

• Continuously monitor and analyze financial transactions to detect suspicious activities or patterns that may indicate money laundering or other financial crimes.
• Utilize advanced monitoring systems and tools to ensure comprehensive oversight.

Investigation and Reporting:

• Conduct thorough investigations of flagged transactions, gather relevant information, and prepare detailed reports for submission to regulatory authorities.
• Ensure that all findings are documented meticulously and that reports are submitted in a timely manner.

Risk Assessment:

• Assess the level of risk associated with various transactions and customer accounts.
• Recommend appropriate actions to mitigate potential risks.
• Develop risk profiles and conduct enhanced due diligence where necessary.

Compliance Management:

• Ensure that all monitoring activities comply with relevant AML laws, regulations, and internal policies.
• Stay updated on changes in regulations and ensure that the organization's AML program reflects the latest requirements.

Collaboration:

• Work closely with other departments such as Compliance, Legal, and Risk Management to ensure a coordinated approach to AML efforts.
• Participate in cross-functional meetings and contribute to the development of comprehensive compliance strategies.

Training and Awareness:

• Provide training and guidance to employees on AML best practices.
• Develop training materials and conduct workshops to create a culture of compliance within the organization.

Stay Informed:

• Keep abreast of the latest AML regulations, trends, and emerging threats by participating in professional forums, attending conferences, and pursuing continuous education.
• Share insights and updates with the team to ensure collective awareness.

Documentation and Record-Keeping:

• Maintain accurate and detailed records of all transaction monitoring activities, investigations, and compliance efforts.
• Ensure that documentation is readily accessible for audits and regulatory reviews.

System Improvement:

• Recommend and implement improvements to monitoring systems and processes to enhance the effectiveness of the AML program.
• Work with IT and other relevant departments to ensure that systems are up-to-date and capable of meeting regulatory requirements.

Customer Due Diligence (CDD):

• Perform thorough CDD on new and existing customers, ensuring that all required information is collected and verified.
• Identify high-risk customers and ensure that appropriate monitoring and review processes are in place.

Regulatory Reporting:

• Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements.
• Ensure that all reports are accurate, comprehensive, and submitted within required timeframes.

Audit Support:

• Assist in internal and external audits related to AML compliance.
• Provide necessary documentation and explanations to auditors, and take corrective actions based on audit findings.

Nice to Have:

• Experience with data analytics and advanced monitoring techniques.
• Knowledge of specific regulatory requirements in different jurisdictions.
• Familiarity with blockchain and cryptocurrency transactions.
• Experience in developing and implementing AML training programs.

Job Requirements

• A Bachelor's Degree in Finance, Economics, Business, or a related field is essential.
• Advanced degrees or specialized training in AML or financial crime prevention are a plus.
• Holding certifications such as CAMS (Certified Anti-Money Laundering Specialist) or CFCS (Certified Financial Crime Specialist) is highly preferred.
• Additional certifications in compliance or risk management are advantageous.
• 3-5 years of experience in AML, compliance, or a related role is required.
• Experience in transaction monitoring and investigations is crucial.
• Experience in a financial institution or regulatory agency is a plus.
• Strong analytical and problem-solving skills to identify suspicious activities and develop effective solutions.
• Ability to interpret complex data and draw meaningful conclusions.
• Familiarity with AML regulations, principles, and best practices.
• Proficiency in using monitoring systems and tools.
• Knowledge of data analytics and advanced monitoring techniques is beneficial.
• High attention to detail and a commitment to accuracy in all aspects of transaction monitoring and reporting.
• Ability to manage multiple tasks and meet deadlines without compromising quality.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills to effectively collaborate with various stakeholders.
• Ability to present complex information clearly and concisely.
• A proactive attitude towards continuous learning and professional development to stay current with the evolving AML landscape.
• Engagement in ongoing training and participation in industry forums.

Benefits

• Access to cutting-edge technology and resources necessary for the role.
• Private health insurance.
• Paid birthday day off.
• Paid parental leave.
• Menstrual leave.
• Budget for French or Chinese language classes.
• Learning support budget.
• Generous stock option plan for full-time permanent employees.

Application Closing Date
Not Specified.