Compliance Operations - Associate

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.

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.

0 to 2 years