Job Objective:
Primarily responsible for support implementation of the compliance program, ensuring that the Company is in compliance to regulatory requirements and internal procedures.

Job Specifications:
Monitors performance of the AML/CFT program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness.

Maintain knowledge and updates of industry standards and international regulatory requirements and highlight to management any concerns of non-compliance or improvements that can be made to existing controls and procedures.

Monitor and interpret applicable laws and regulations to ensure organizational compliance.

Assist in the development and implementation of policies and procedures.

Identify and assess compliance risks, recommending measures to mitigate identified vulnerabilities.

Help conduct internal compliance testing & assessment, prepare comprehensive reports on compliance activities, findings, and recommendations.

Identify potentially fraudulent activities, investigate incidents, and report findings to management.

Analyze compliance-related data, including system alerts, disputes, and fraud reports, to identify trends.

Work with various departments to ensure compliance initiatives are effectively integrated into business processes.

Manage compliance incidents, documenting findings and coordinating corrective actions as needed.

Propose enhancements to compliance processes and systems to improve overall effectiveness and efficiency.

Update and maintain the Company's risk register by logging updates on stc pay KRI. Follow up on closing mitigation plans. Ensure all risk information is current and correctly documented.

Monitor risks that have been categorized. Keep track of their status and update the risk register as necessary.

Qualification & Experience:
Bachelor's degree is preferably in Banking/Finance/Business or a related field.

Compliance and AML certifications; CAMS preferred.

2-3 years' experience in compliance, financial crime, audit and/or other related areas in the financial services industry

In-depth knowledge of the functioning of an Ancillary Service Provider - in particular, Payment Service Provider and Card Processing Activities

In-depth knowledge of regulatory compliance requirements and risk management principles