Sanction Compliance Officer at Co-Woka

Co-Woka – Welcome to Co-Woka, where we believe in helping every organisation realise its full potential through strategic talent acquisition and HR solutions. Co-Woka specialises in offering specialised recruiting and HR consulting services to businesses across industries. With a thorough awareness of the changing HR landscape and a dedication to excellence, we work with our customers to help them establish high-performing teams and foster a culture of success.

Title: Sanction Compliance Officer

Location: Lagos

Employment Type: Full-time

Job objective(s)

• The KYC/ Sanctions officer shall serve as the sanctions subject matter experts responsible for reviewing and investigating all potential violations of OFAC, E.U., UK and is also responsible for reviewing merchant’s KYC documentation in accordance with established policies and procedures.

Duties and Responsibilities

• Periodically review KYC records for completeness and validity that the files and risk assessments are current and up to date; ensuring that due diligence standards are complied with.
• Perform due diligence on new merchants by reviewing and verifying their KYC documentation
• Maintain continuous contact with UP merchants in order to keep merchants file and KYC records updated.
• Perform further investigation on identified suspicious merchants and report to the AML compliance officer.
• Review Sanction screening alerts for all new merchants at the on boarding stage.
• Review the ongoing screening alerts on all existing merchants on daily basis; update and maintain the internal Blacklist in line with local AML requirements.
• Prepare internal STR cases for AML-CTF Compliance Officer review resulting from Sanctions Screening analysis along with all the supporting documents and reasons of suspicion.
• Apply PND on any attempted transaction to a blacklisted person / entity / bank / jurisdiction.
• Discuss and escalate sanction Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues.

Education

• University Degree / HND in Finance, Accountancy, Banking, or Computer Engineering

General Experience:

• A minimum of 2-3 years of relevant compliance in the field of AML/ KYC/EDD handling in the fintech industry is strongly preferred.
• Minimum 3 years of direct work experience in compliance, audit or investigation in the financial industry
• People skills, investigative and audit skills and great report writing experience
• Good understanding of AML laws & regulations
• Good understanding of financial products & services
• Professional certification in Compliance, Fraud and investigation would be an added advantage

Salary

• N4,000,000 – N10,000,000 annually.

Deadline: 24th April, 2024.

How to Apply: Interested and qualified candidates should Click Here to apply online