AML / CFT / CPF Compliance Associate at KoraPay

Fairmoney Microfinance Bank is building the leading mobile bank for emerging markets. We started with a digital microcredit application on Android, and currently roll out additional financial services (current account, savings, debit card) while expanding the product to Western Africa and South-East Asia.

We are recruiting to fill the position below:

Job Title: AML / CFT / CPF Compliance Associate

Location: Lagos
Work mode: Hybrid
Report to: Lead, Compliance

About The Role

• As the AML/CFT/CPF Compliance Associate at Kora, you will be responsible for ensuring overall compliance with applicable anti-money laundering, countering of terrorism finance, and countering proliferation financing of weapons (AML/CFT/CPF) regulations and standards across the African markets we currently operate in.
• Reporting Structure: This role reports to the Lead, Compliance

Responsibilities
Outcomes:

• Ensure that Kora remains compliant with all regulatory requirements regarding  AML/CFT/PFW. 

Here are a couple of things you'll be doing:

• Provide support and advice on compliance issues e.g. all business units, new products, new jurisdictions, and new regulatory initiatives.
• Assist as and when required, in the development, drafting, and updating of procedures/processes/policies and related training programs/manuals and the delivery of training that is tailored to the operations & finance units' needs.
• Review, test, and recommend updates to Kora’s AML/CFT/CPF operations, standards, and controls.
• Carry out KYC on new merchants and conduct on-doing due diligence on existing merchants
• Assist in implementing compliance measures and determine appropriate remedial action plans (including, where necessary, timeframes and responsibilities).
• Draft, manage, and execute policies and procedures that govern the organization's enterprise AML/CFT/CPF) program
• Conduct transaction monitoring and generate STR/SAR reports
• Ensure that the organization complies with existing and developing international and national laws and regulations
• Carry out periodic evaluations of the compliance programs and make appropriate changes and improvements
• Handle end-to-end process flow for all requests and enquiries from regulators and LEAs.
• Ensure Kora follows its year-on-year training plan by owning the Compliance training and awareness function.

Working hours:

• Given that we are an all-remote company and hire almost anywhere in the world, we don’t have a location requirement for this role. However, your working hours must coincide with 9:00 am - 5:00 pm WAT for at least 40 hours/week.

Requirements
Here's what are we looking for:

• A minimum of 2 years experience as a Compliance Officer or similar role experience in a B2B environment, FinTech services, or banking industry that operates across multiple African markets
• Certification - DCP/CAMS/ACFCS 
• Proven AML/CFT/CPF compliance experience.
• Knowledge of Transaction monitoring and KYC/CDD.
• Quick and agile learning and problem-solving.
• Understanding the complex interactions of regulatory frameworks in the international finance space
• Experience in a high-growth team and/or startup experience.
• Strong interpersonal, organizational, communications, analytical, and project management skills.
• Thorough knowledge of products, services, operations, & systems and extensive dealing with laws, regulations, and regulatory agencies related to assigned areas.
• Proficiency with personal computers and pertinent mainframe systems and software packages.

Benefits

• Health insurance
• Sponsored and tailored training
• Paid parental leave
• Paid time-off
• Flexible work style
• Annual performance bonus
• Low-interest loans
• Group Life Insurance
• Access to up to four therapy sessions monthly
• Day off on your birthday
• Employee interest groups that provide supportive communities within Kora
• Great company culture and the opportunity to work with a highly collaborative team building something great

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Interview Process
Below is the interview process you can expect for this role. It may look like a lot of steps, but rest assured that we move quickly and the steps are designed to help you get the information needed to determine if we’re the right fit for you… Interviewing is a two-way street, after all! 

We expect the interview process to take a maximum of 3 weeks and an average of 2.5 hours in total. Please note that the interview is virtual.

• Introduction Stage - we have initial conversations to get acquainted with you and overall experience.
• [15m] Recruiter Screen - Abayomi Ishmael 
• Feedback from the Recruiter (Abayomi Ishmael)
• [60m] Team Interview Stage (Compliance Team) - We proceed to explore your professional background in greater detail and facilitate introductions to team members, including those from various cross-functional areas
• [60m] Cultural Fit Interview  (Our Core Values)- At this stage, you'll engage in a conversation with the CEO, Kora's COO, the Head of People and Culture, and the head of the team you’re being considered for. The aim is to understand you better and assess the alignment of your beliefs and values with Kora's distinctive culture. We'd like to emphasize that there are no right or wrong answers expected. However, we encourage you to maintain a positive attitude during this session.

Important Information and Notice

• Please note that you are welcome to ask questions and inquire during this process. We assure you of complete transparency throughout the interview process
• Kora is an equal-opportunity employer dedicated to building an inclusive and diverse workforce. All employment decisions are based on qualifications, experience, and business needs. We strongly encourage applications from underrepresented communities and diverse ethnic groups to apply.
• Please feel free to inform us if you need any accommodations to facilitate your participation in the recruitment process. Any details you share will be used solely to ensure we can support and accommodate your needs appropriately
• We recognise imposter syndrome is real - any candidate who does not perfectly fit every characteristic of this role is still strongly encouraged to apply.