VoPay International Inc. Job Board
AML Compliance & Transaction Monitoring Specialist
Description
About VoPay International Inc.
VoPay’s Fintech-as-a Service platform allows any business to embed financial services and payment capabilities into their existing applications, products, or services through a single scalable API. Our integrated technology enables product managers, and developers the flexibility and speed to build innovative financial products.
The Opportunity
We are seeking an experienced AML (Anti-Money Laundering) Compliance & Transaction Monitoring Specialist to join our Compliance and Risk team. The successful candidate will play a critical role in safeguarding the organization from risks associated with money laundering, terrorist financing, and other financial crimes. The AML Compliance & Transaction Monitoring Specialist will be responsible for conducting transaction monitoring, analyzing potential suspicious activity, and ensuring compliance with regulatory requirements.
Responsibilities:
- Monitor and analyze transactions to identify unusual or suspicious patterns indicative of potential money laundering or financial crime.
- Utilize transaction monitoring software to detect unusual patterns and generate alerts for further investigation.
- Review and resolve alerts in accordance with AML and KYC policies, escalating cases as necessary.
- Perform in-depth investigations of flagged transactions and accounts, utilizing internal data, external resources, and analytical skills to determine the nature and source of potential suspicious activity.
- Document investigation findings and prepare clear and concise reports for compliance management and regulatory reporting, as required.
- Prepare Suspicious Activity Reports (SARs) in a timely and accurate manner, ensuring alignment with regulatory standards.
- Assist in preparing internal reports on transaction monitoring trends and areas of improvement.
- Maintain up-to-date knowledge of AML regulations, KYC requirements, and industry best practices, ensuring the company’s policies align with regulatory expectations.
- Collaborate with other departments to enhance monitoring systems, address emerging threats, and improve compliance controls.
- Provide insights and recommendations for refining policies, procedures, and tools to mitigate risks effectively.
- Identify trends, gaps, and weaknesses in transaction monitoring processes, providing feedback for system upgrades and process enhancements.
- Provide feedback on transaction monitoring software and contribute to system updates and improvements to enhance detection capabilities.
- Support training initiatives and contribute to a strong culture of compliance across the organization.
Skills & Qualifications:
- Bachelor’s degree in Finance, Accounting, Criminal Justice, or related field.
- Equivalent experience in a compliance or financial crimes role may be considered.
- 2+ years in transaction monitoring, AML compliance, or a related field in the financial services or money services business (MSB) industry.
- CAMS (Certified Anti-Money Laundering Specialist),
- CFE (Certified Fraud Examiner), or equivalent certifications.
- Strong understanding of AML and KYC regulations, SAR filing procedures, and other financial crime compliance frameworks.
- Proficiency with transaction monitoring systems, data analysis software, and Microsoft Office Suite.
- Experience with SQL or data query tools is a plus.
- Ability to analyze large data sets, identify patterns, and make sound judgments regarding potential risks and suspicious activities.
- High level of accuracy and diligence in transaction monitoring and report preparation.
- Strong written and verbal communication skills for report writing, documentation, and team collaboration.
- Excellent problem-solving abilities and capacity to work independently on complex investigations.
- Ability to work effectively with cross-functional teams and contribute to a compliance-focused culture.
The salary range for this position will be between $70,000.00 - $80,000.00
What We Offer
· Competitive salary and benefits package.
· Opportunity to work in a fast-paced, innovative fintech environment.
· A collaborative and supportive team atmosphere.
How to Apply
Interested candidates are invited to submit their resume and cover letter outlining their qualifications and experience. Vopay International Inc. is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.
Compensation
$70,000.00 - $80,000.00 per year