Compliance Operations - Associate

Compliance

Operations - Sanctions Screening & Monitoring

Role - Compliance Operations Associate

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.
• 0 to 2
• years

Qualification

Mandatory

• Graduate

Desirable

-Compliance/ audit/ forensic investigations

Skills required

Technical

• Knowledge of compliance regs
• Experience in payments

Functional

• Attention to detail
• Excellent written and verbal skills

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 & 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

• Execution

of the compliance company strategies by contributing information, analysis,

and recommendations and translate these into deliverables

• Monitor and investigate the Sanctions and Transaction Monitoring

queues and make appropriate decisions.

• 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

• 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.

• 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