Compliance Manager/Specialist
AZA Finance, Spain

Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Traveling
No
Career Level
Telecommute
No
Qualification
As mentioned in job details
Total Vacancies
1 Job
Posted on
Feb 9, 2023
Last Date
Mar 9, 2023
Location(s)

Job Description

Company Summary

AZA Finance is the largest non-bank in Africa and an established provider of Payments, FX and Treasury providing cross-border payment solutions which accelerate global access to frontier markets through an innovative infrastructure. By leveraging cutting-edge technology with our proprietary technology, AZA Finance is able to significantly lower the cost and increase the speed of business payments to, from and across frontier markets.

Our API product provides both wholesale currency purchase and retail settlement via our robust API while our Web-Based platform is our B2B over-the-counter product that caters to businesses with wholesale currency needs, especially those paying partners and suppliers.

Licensed by the UK’s FCA and the Bank of Spain, AZA Finance is a market-maker in every major African currency. AZA Finance was founded in 2013 and now has offices in Nairobi, Lagos, London, Luxembourg, Madrid, Kampala, Accra, Durban and Dakar.


Job Summary

We are hiring a Compliance Manager/specialist to manage the complete FinCrime spectrum (i.e. anti-money laundering, anti-fraud, combating terrorist financing and anti-bribery and corruption) and the Bank of Spain Financial reports on a Monthly/Quarterly/Bi-annually and Annual basis. This position consists of inter-departmental communication that requires thorough investigation analysis and is very detail oriented. The post-holders primary focus will be to work closely with our Treasury, Finance, Channel Management, Legal and Compliance departments; compiling all data and filling out all necessary reports.

Requirements

  • A relevant university degree (preferably in Law, finance or economics).
  • Desirable: MBA or Masters in Finance, CAMS, CFE
  • High English amp; Spanish proficiency.
  • High level of knowledge in Spanish financial accounting, including a good understanding of current and pipeline Spanish accounting changes.
  • Ability to understand and challenge technically complex Financial Crime and Money Laundering topics.
  • Strong analytical and problem solving skills.
  • Advanced Excel skills.
  • Proactive and solution orientated. Ability to challenge and query the existing setup and find value adding opportunities by delivering new solutions
  • Ability to create long relationships with internal clients and colleagues, manage expectations and generate confidence.
  • Strong interpersonal / team skills, able to work collaboratively across global teams.
  • Proven self-starter, able to work autonomously under remote supervision in a changing environment.
  • Detailed knowledge and understanding of the Bank of Spain and other Regulatory authorities
  • Previous experience in preparing Bank of Spain periodic reports and relationship
  • Reconciliation knowledge
  • Audit background not required but would be advantageous
  • Knowledge on Spanish laws amp; financial regulations as it relates to Cross border remittances
  • Experience with SAP is an added advantage

Responsibilities

  • To lead implementation of a financial crime (i.e. anti-money laundering, anti-fraud, combating terrorist
  • financing and anti-bribery and corruption) program and monitor compliance across all relevant parts of the Group and any outsourced functions.

  • Review internal policies and procedures to ensure appropriate measures are in place to ensure
  • compliance with Anti-Money Laundering (AML), Countering Terrorist Financing (CFT), and Know Your

  • Customer (KYC) in Spain and European jurisdictions related to TransferZero operations
  • Contribute to annual revisions, as necessary, of TransferZero’s AML Policy and implementing procedures
  • To maintain understanding of jurisdictional risk relating to financial crime.
  • Review new business/MTO customer sign ups as part of KYC process and participate in creation of automatic screening tools for the same alongside Chief Product Officer and/or Chief Technical Officer
  • Identify and investigate suspicious customer activity within Spain, larger Europe, and African regions of operations and prepare reports on the same.
  • To conduct an annual risk assessment relating to financial crime and incorporate conclusions into current policies and requirements. This includes leading an annual update to the Prevention of Money laundering and Terrorist Financing Manual (AML Manual) gaining sign-off from MLRO and Executive.
  • To agree with managements remediation plans for all incidence of non-compliance with policy/procedure and follow up implementation on a timely basis, escalating to Head of Department and relevant Executive Director as necessary.
  • To make practical and acceptable recommendations where systems and procedures are in need of enhancing to counter the

Job Specification

Job Rewards and Benefits

AZA Finance

Information Technology and Services - Dakar, Senegal
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