Money Laundering Reporting officer
Nairobi
AML – AML /
Full-Time /
On-site
About Unlimit
Founded in 2009, Unlimit is a global fintech company that offers a large portfolio of financial services, including payment processing, Banking as a Service (BaaS), and an on-ramp fiat solution for crypto, DeFi, and GameFi. The company’s mission is to deliver solutions that eliminate financial borders, enabling businesses to operate locally and internationally easily across Europe, the UK, LatAm, APAC, India, and Africa. Unlimit has over 500 employees across 16 offices and five continents, including London, Frankfurt, Singapore, São Paulo, Hong Kong, and Mexico. For further information, please visit https://www.unlimit.com
Responsibilities:
AML / CFT / Sanction compliance
- Ensure effective AML/CTF/Sanction compliance throughout the business.
- Identify AML/CTF/Sanction risks associated with the business practices, products and services.
- Monitor developments and new trends in the Kenya / Tanzania and other EAC countries AML framework.
- Maintain and further development of AML/CTF/Sanction policy, program, practices and procedures in order to be in compliance with the current regulation, requirements of external partners and best practices.
Regulatory compliance
- Be the central point of contact with the Central Bank for anti-money laundering/ combating the financing of terrorism purposes.
- Ensure that the business meets its regulatory requirements and mitigate AML/CTF/Sanction risks to avoid breaches, fines and regulatory sanctions.
- Assess the effectiveness and adequacy of the policy, procedures and controls through regular or special AML audits.
- Assess internal trends, external regulatory & law enforcement environment to make recommendations, understand risk areas and alter or add to current processes.
- Prepare periodic reports to the management and regulatory bodies, e.g. Annual and semi-annual AML/CTF compliance officer Report, annual AML Risk Assessment Report, annual AML program, etc.
- Assist with regulatory inquiries and inspections, internal and external audits.
- Assist with development and adaption of the internal system and other utilized systems for AML purposes.
- Be responsible for periodic regulatory reports or returns on AML/CFT matters to the Central Bank and any other regulator within the financial system e.g annual compliance report via goAML system etc.
- Provide advice and assistance to other functions dealing with AML/CTF/Sanction related matters.
Training & Awareness
- Prepare and provide tailor-made AML/CTF/Sanction training for Board, Management and all Staff.
Transaction Monitoring
- Identifying, monitoring, and reporting of STRs and CTRs.
- Continuously improve transaction monitoring systems to detect & report suspicious activities.
- Perform ad-hoc reviews to ensure the effectiveness of transaction monitoring processes & procedures.
- Ensure that when appropriate, the information or other matter leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion of ML/TF is properly disclosed to the Board.
Merchant KYC/KYB & Onboarding
- Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and review & update existing customers.
- Establish and maintain an effective Customer Due Diligence/Enhanced Due Diligence risk rating and ensure ongoing assessments.
- Ensure compliance with local and international regulatory requirements related to customer identification and verification.
Remittance Compliance
- Ensure compliance procedures specific to remittances and cross-border payments.
- Ensure adherence to regulatory requirements governing remittance services.
Requirements:
- 10+ years of effective working experience as AML/CFT compliance officer or Deputy AML/CFT compliance officer at Kenyan regulated Bank or Electronic Money Institution or Payments company.
- Experience in liaising with bank-partners (correspondent banks), auditors, financial regulators and the ability to handle regulatory inquiries and inspections, as well as audits and requests.
- Solid experience in drafting, reviewing and updating of AML/CTF/Sanction policies and procedures relevant to the business in order to reflect industry best practices, the evolving regulatory environment and changes to the business.
- Solid experience in implementation and monitoring of AML/CTF/Sanction related practices and measures throughout the business.
- Excellent analytical and organizational skills with strong attention to detail.
- Confidence to interact with individuals from all levels of the business and relevant external partners.
- Additioanal certificate – e.g. CAMS, ACAMS, ICA.
- University degree in a relevant field.
We offer:
- Attractive monthly salary paid in line with experience
- Vacation, sick, and paid holidays
- Full-time: 5/2 (Saturday and Sunday days off)
- Modern workplace with all necessary equipment
- A team of top international professionals to learn from
- Multicultural working environment
Join Unlimit Team now!
Unlimit is an equal opportunity employer. We believe passionately that employing a diverse workforce is central to our success. We make recruiting decisions based on your experience and skills. We welcome applications from all members of society irrespective of age, sex, disability, sexual orientation, race, religion or belief.
