Compliance Analyst MFS Africa, South Africa

Compliance Analyst MFS Africa, South Africa
MFS Africa, South Africa

Experience
1 Year
Salary
0 - 0
Job Type
Job Shift
Job Category
Traveling
No
Career Level
Telecommute
No
Qualification
Bachelor's Degree
Total Vacancies
1 Job
Posted on
Mar 7, 2021
Last Date
Apr 7, 2021
Location(s)

Job Description

Who we are

MFS Africa is the leading digital payments hub in Africa, enabling low-cost payments across the continent. The company works in close partnership with mobile network operators and financial institutions to bring simple and relevant payment services to unbanked and underbanked people. MFS Africa connects over 200 million mobile money users across sub-Saharan Africa through its platform the MFS Hub. As a B2B company, we enable cross-border payment for mobile money operators, banks, money transfer operators, large corporates and a growing number of SMEs. Our recent partnership with Visa will soon allow us to connect the MFS Hub to Visa.net, effectively connecting African consumers and businesses to the global digital economy. As a technology fintech company, we strive to automate everything we do and run world-class back office operations spread between Johannesburg, London and Port-Louis and are regulated by the FSC in Mauritius and the FCA in the UK.

The Role

As a member of the Risk and Compliance team, the Compliance Analyst will provide support in financial crime compliance matters, with a particular focus on Anti-Money Laundering. You will support the partner oversight review program and be responsible for reviewing transactions to identify any Money Laundering or Terrorist Financing red-flags and escalating them to partners for resolution. You will also be responsible for performing second-line risk-based reviews on operations compliance department to ensure compliance with company policies.

This position will be based in Johannesburg, South Africa.

Duties and responsibilities

  • Investigate and assess alerts relating to potential money laundering risks in the organization
  • Supporting the partner oversight program by performing routine and ad-hoc reviews and preparing documentation and analysis for more complex reviews
  • Handle due diligence investigations to support policies and procedures
  • Conduct investigations based on global standards, policies, tools, and procedures to ensure compliance with internal and external regulatory requirements
  • Ensure efficient identification and monitoring of activities and transactions considered suspicious
  • Write and prepare suspicious activity reports (SARs)
  • Ensure timely and efficient reporting of transactions considered suspicious
  • Stay current with money laundering and terrorist financing behaviours, issues, policies, regulations, criminal typologies, industry best practices, and developing trends
  • Prepare monthly and quarterly AML trends reports
  • Help in identifying potential weaknesses in processes
  • Collect documentary proof and build and maintain case files for transactions deemed suspicious


Requirements

Essential skills

  • Superb analytical skills
  • Ability to organize and analyze complex data sets
  • Ability to easily grasp and comprehend AML risks specific to a particular business unit and develop extensive user requirements as well as recommend automated solutions to reduce those risks
  • Can work autonomously in a highly demanding and often ambiguous environment

Qualifications and Experience

  • Relevant Degree or diploma in Auditing, Business Analysis, or a related field
  • Certification such as e.g. ICA (International Compliance Association), or CAMS (Certified Anti-Money Laundering Specialist).
  • 2 years’ experience in Analytics, Fraud, Money Laundering and Combatting Financing of Terrorism Surveillance.

Benefits

  • Ranked by Fast Company as Second Most Innovative Company in Africa
  • Awesome team and work environment
  • Work with new technologies
  • Growth potential
  • Bring simple and relevant financial services to the developing world - make a difference!

Job Specification

Job Rewards and Benefits

MFS Africa

Information Technology and Services - Johannesburg, South Africa
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