Duplo is building the platform to power the next generation of financial services. Our mission is to help companies expand financial access for all. Our simple and powerful banking-as-a-service API helps companies quickly launch financial products.
We are recruiting to fill the position below:
Job Title: Transaction Monitoring Analyst
Location: Lagos
Responsibilities
- Review and analyze transactional alerts generated by systems, checking for patterns like structuring or layering.
- Escalate high-risk cases and file Suspicious Activity Reports (SARs) or Suspicious Transaction Reports (STRs).
- Ensure compliance with Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Know Your Customer (KYC) regulations.
- Spot unusual behavior and understand financial flows.
- Analyze transactions and identify suspicious and unusual patterns and behaviors.
- Ensure suspicious transactions are flagged for additional reviews, and liens are placed on confirmed suspicious inflows.
- Contact customers to verify the authenticity of transactions using the enterprise’s applications and tools.
- Report suspicious outflows to beneficiary institutions and collaborate with external parties, including financial institutions and law enforcement agencies, to salvage funds.
- Stay up-to-date with changes in AML laws, financial crime regulations, and industry standards that impact transaction monitoring.
- Assist in the development and review of internal AML policies and procedures, ensuring they remain effective and compliant with the latest regulations.
- Assess the risks associated with flagged transactions and potential money laundering schemes, ensuring the company effectively mitigates these risks.
- Communicate findings and concerns regarding suspicious transactions to senior management and external stakeholders as necessary.
- Engage with external regulators or law enforcement agencies when required, providing necessary information and reports as part of investigations into suspicious activities.
- Participate in AML training programs to stay current on regulatory requirements, trends in financial crime, and effective monitoring techniques.
- Assist in the development of training materials for internal staff on AML procedures, transaction monitoring practices, and recognizing suspicious activities.
Requirements
- A Bachelor’s degree in law, finance or business is preferred.
- Minimum of 2 years work experience in compliance or financial crime, particularly within the fintech or banking sector
- Excellent written and verbal communication skills.
- Strong problem-solving skills, with the ability to work in ambiguous or fast-paced environments.
- Excellent organizational skills and attention to detail.
Application Closing Date
Not Specified.
https://www.hotnigerianjobs.com/hotjobs/884624/transaction-monitoring-analyst-at-duplo.html