Compliance Operations - Team Lead

Compliance

Operations - Sanctions Screening & Monitoring

Role - Team Leader

About TerraPay

TerraPay

• delivers the world’s fastest high-impact mobile-first payments. It operates a
• Cross-Border Mobile Payments Network for emerging markets, processing money
• transfers, push and merchant payments in real-time for duly licensed
• financial institutions, organizations and merchants. Leading companies around
• the world rely on TerraPay’s Mobile Payments solutions for digital payments.

Please

visit www.terrapay.com, for

more information.

Description

TerraPay

• Global/Group Compliance is responsible for ensuring compliance with
• anti-money laundering (“AML”), Bank Secrecy Act, USA PATRIOT Act, OFAC, EU
• and sanctions regulations for the global operations. Additionally, AML
• oversees key processes and risks of the KYC department as well as global
• Compliance Program, Regulatory and Procedural requirements.

TerraPay

• requires a Sanction Screening & Monitoring Compliance Analyst within the Global Sanctions and Monitoring Program team.Individual responsible for ensuring
• compliance with OFAC, E.U., and other applicable sanctions programs
• throughout TerraPay. This includes reviewing alerts on transactions (second
• level review) and static data (first level review) for potential matches to
• the OFAC, E.U., and any other applicable lists and investigating potential
• matches, reporting blocked property or rejected transactions to OFAC,
• investigating and drafting Voluntary Self-Disclosures to OFAC, providing
• sanctions-related advisory support to TerraPay business units, reviewing the
• Sanctions Risk Assessment, and coordinating with the Sanction Screening &
• Monitoring Compliance Manager or Global Head of Compliance, as appropriate.

The

• incumbent will also be responsible for TerraPay Partner and Customer
• Monitoring program and applicable reporting tasks. The incumbent will be
• tasked with proposing corrective action measures to mitigate any risks
• identified throughout the execution of Compliance tasks as well as update of
• the relevant risk matrix.
• Experience req.
• 5 to 7
• years

Qualification

Mandatory

• Graduate

Desirable

• Compliance/ audit/ forensic investigations

Skills required

Technical

·Knowledge of compliance regulations

·Experience in payments/ financial industry

Functional

• ·Attention to detail
• ·Excellent written and verbal skills
• ·Ability to persuade cross functionally
• ·Team management

Behavioural

·Self-starter

·Unimpeachable integrity

·Driver of culture of compliance

Competency

·Prior

Compliance, Operations or Technology experience, including List

Management/Tuning.

·Ability

to work closely with technology teams, clearly explaining regulatory needs to

system developers and technicians.

·Ability

to work collaboratively and effectively within a complex organization, across

multiple cultures, geographies, and disciplines.

·Ability

to balance multiple, changing priorities in a dynamic and fast-moving working

environment

Responsibilities

·Good

understanding of the rules and regulations in the UK. Mauritius, and other

FATF level rules/ countries TerraPay operate in

·Manage

• the day-to-day operations of the Sanctions Screening & Transaction Monitoring
• Compliance program for TerraPay’s Global Compliance operations by working in
• collaboration with the Global Compliance team and business operations the
• achieve the company goals
• ·Monitor the daily work queues and the review the Sanctions and
• Transaction Monitoring alerts by investigating and making appropriate decisions.

·Execution

• of the compliance company strategies by contributing information, analysis,
• and recommendations and translate these into deliverables
• ·Monitor the emails received from Partner compliance and the
• business for queries related to compliance blocks which is required to
• actioned immediately
• ·Be vigilant to identify red flags and escalate the same.
• ·Liaise with the partner compliance teams to raise queries where
• additional information is required

·Work

• closely with the Compliance Technology and Operations teams on issues related
• to sanctions screening and list management including tuning, analytics and
• data governance.

·Liaise

• with Group Compliance and Technology teams on sanctions screening issues,
• including list management and rules by recommending opportunities for tuning
• the sanctions screening lists with rules, to develop structure for ongoing
• review lists.
• ·Execution of
• enhancements of processes and procedures with a commitment to consistency and
• successful implementation within the set targets and deadlines
• ·Identify potential
• screening gaps and develop implementation plans to address them
• ·Manage and work
• with the internal Technical team closely to ensure processes and procedures
• meet with regulatory standards

·Proactively

• represent TerraPay Sanctions Compliance in all initiatives to implement or
• upgrade sanctions screening software and additional lists for screening.
• ·Conduct testing of
• technology modifications from a user perspective and sign-off on system
• changes as needed.
• ·Develop and prepare
• key metrics for daily and monthly oversight and reporting to senior
• management
• ·Execution of enhancements of processes and
• procedures with a commitment to consistency and successful implementation
• within the set targets and deadlines

·Conducting

new and ongoing due diligence, monitoring and risk assessments of our

accounts and partners in accordance with the Risk Based Approach

·Responsible

• for updating and maintenance of all related TerraPay Sanction Screening and
• Monitoring & Reporting Program document management.
• ·Build and maintain regulatory
• relations with relevant regulators in countries we are entering into; also
• with authorities, and partners working alongside management team in
• proactively managing these relationships
• ·Manage the regional
• specific regulatory reporting to ensure that all entities’ regulatory filing
• and oversight responsibilities are met, Ensure TerraPay’s sanctions screening
• is in line with OFAC/EU and all other applicable sanctions laws and
• regulations, and supervising tuning associated with upgrade and enhancements
• that may be required.
• ·Manage multiple
• Compliance specific projects and meet timely deadlines
• ·Assist with
• coordination of materials for internal and external OFAC/sanctions-related
• regulatory examinations
• ·Co-ordinate with the Regional Compliance Manager for
• investigation, oversight and activities across the business and identify any
• potential areas of compliance vulnerability and risk
• ·Be proactive and drive
• thought by undertaking ongoing training and contributing during meetings and
• huddles

·Build

on the existing Sanction Screening and Monitoring & Reporting Program and escalate any potential risks identified in a timely manner