Interswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of money as well as the exchange of value between individuals and organisations on a timely and consistent basis. We started operations in 2002 as a transaction switching and electronic payments processing, and have progressively evolved into an integrated payment services company, building and managing payment infrastructure as well as delivering innovative payment products and transactional services throughout the African continent. At Interswitch, we offer unique career opportunities for individuals capable of playing key roles and adding value in an innovative and fun environment.
We are recruiting to fill the position below:
Job Title: Team Member, AML / CFT Compliance
Location: Lagos
Key Responsibilities
- Customer Due Diligence (CDD): Conduct comprehensive KYC reviews on new and existing customers to assess risk profiles and ensure compliance with regulatory requirements.
- Customer Risk Assessment: Utilize tools and resources to assign risk ratings to customers based on business activities, geography, and other relevant factors.
- Document Verification: Perform quality assurance checks on submitted documents (IDs, financial statements, legal documents, etc.) to confirm accuracy, authenticity, and suitability for subscribed products.
- Cross-Functional Collaboration: Partner with Technology, Sales, and Operations teams to ensure smooth customer onboarding and compliance processes.
- Screening & Monitoring: Review results of customer screenings, recommend appropriate actions for high-risk categories such as Politically Exposed Persons (PEPs), and update Ultimate Beneficial Owner (UBO) registers.
- Periodic Reviews: Conduct ongoing reviews of client relationships and update Client Risk Assessments in line with regulatory and internal requirements.
- Communication & Documentation: Liaise with internal and external stakeholders to obtain necessary documentation and ensure timely completion of KYC reporting.
- Administrative Support: Provide support in the preparation and submission of KYC/AML compliance reports.
- AML Alerts Review: Monitor daily alerts generated by the AML application to identify potential regulatory or internal infractions requiring further investigation.
- Suspicious Activity Reporting: Investigate red flags and promptly escalate/report Suspicious Transactions (STRs/SARs), maintaining proper documentation on SharePoint as evidence of compliance.
Education and Experience
Academic Qualification:
- Bachelor’s degree from an accredited university.
Professional Qualification (Preferred):
- Designate Compliance Professional (DCP).
- Any other relevant professional certification (to be obtained within six months of hire).
Experience:
- Minimum of 3 years relevant work experience in a related field.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
Note: Due to the high volume of applications, only shortlisted candidates will be contacted.