Compliance Analyst

About

Africhange (AF) is a remittance company that offers a seamless way for Immigrants to send money back home.

Whether you would like to pay for a property, send funds to friends and family or pay employees, you'll need to safely send funds without stress and ridiculous charges. Africhange is the solution to your problem.

We are a safe, secure, and convenient way to send money home; and you can be sure that we will always offer you the best way to send money home at the best rates.

Job Overview

As a compliance Analyst, you will be responsible for the development and implementation of the company's governance, compliance and risk program, ensuring adherence to relevant regulations and industry standards. This role involves conducting risk assessments, regulatory horizon scanning, developing and implementing compliance policies, processes and reviewing new customer accounts and verifying their identities.

The incumbent will ensure that the business adheres to industry best practices and follows due process to guarantee high level of compliance management and providing guidance to management and staff on compliance matters.

Responsibilities

• Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)
• Ensure that our product features and updates align with relevant industry regulations, standards, and best practices.
• Maintain corporate compliance with applicable anti-money laundering directives and ensure regulatory and money transmission compliance
• Compliance with industry and regulatory requirements
• Compliance audits and reviews
• Regularly conduct risk assessments to identify potential compliance vulnerabilities in our products and recommend mitigation strategies.
• Document and maintain accurate records of all KYC activities
• Collaborate with technology teams to ensure the systems are fit for purpose, effectively tracking and flagging unusual transaction behaviors.
• Use analytics tools to monitor transactions on the exchange, looking for patterns that might indicate suspicious or illicit activities.
• Stay updated on the latest regulatory developments, changes in KYC requirements, compliance trends, AML/CFT flags, and technology
• Critically analyze data received from customers, perform necessary checks, and communicate findings to relevant stakeholders
• Participate in key projects linked to compliance, onboarding and verifications etc.
• Support the compliance team in the preparation of ongoing compliance training materials.