Purpose of the job:
The Financial Crime Compliance Analyst will play a crucial role in safeguarding VALR against financial crime, particularly in the realms of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF). This position is essential in ensuring compliance with regulatory requirements while promoting a culture of integrity and transparency within VALR.
What will you be doing: Monitor transactions for suspicious activities and patterns indicative of potential money laundering or other financial crimes.Identify and flag high-risk transactions and clients for further investigation, ensuring timely recognition of red flags.Report findings to relevant stakeholders, including compliance teams and regulatory bodies, in accordance with legal requirements.Investigate automated transaction monitoring alerts generated by blockchain analytics software and other internal systems to identify possible criminal or suspicious activities on client accounts.Review alerts from automated transaction monitoring systems, providing substantiated justifications and evidence for adjustments to enhance future alert accuracy.Conduct comprehensive investigations into relevant findings raised by internal stakeholders or external parties, ensuring prompt remediation.Manage all regulatory reporting obligations, including Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs), ensuring high-quality submissions are escalated to risk review forums and leadership.Communicate with clients for remediation and due diligence purposes, ensuring compliance with Know Your Customer (KYC) regulations.Oversee investigations related to Anti-Money Laundering, ensuring adherence to Service Level Agreements (SLAs) and taking necessary actions to meet deadlines.Support the Chief Compliance Officer with regulatory reviews and risk management projects, contributing insights to the fraud department on general fraud matters and assisting in training and awareness initiatives.Assist the Client Service team and Fraud Risk Champion with compliance-related inquiries, acting as a resource for compliance matters.Participate in ad hoc projects as needed, beyond the defined responsibilities. What we look for in you: Bachelor's degree in Finance, Business, Law, or a related field.Solid experience in financial crime compliance, AML, or a related area, ideally within the cryptocurrency or financial services sector, with a focus on anti-financial crime and fraud transaction monitoring.Certifications from blockchain analytics providers are a plus but not essential.Strong understanding of the flow of money, compliance requirements, and AML regulations, including international best standards for financial crime controls.Excellent analytical skills with a keen attention to detail.Strong verbal and written communication skills, with the ability to clearly convey complex information.Proficiency in compliance software and transaction monitoring systems.Ability to work both independently and collaboratively in a fast-paced environment. What can you expect from VALR: Competitive salary: Get paid well to work in an exciting industry.Leave: Compliance with statutory leave required by individual countries, in addition to flexible leave.Remote work: You can work from wherever you like. However, to work effectively remotely, employees must ensure that there is secure, stable internet connectivity.Home office setup: A Mac laptop and a discretionary allowance to buy all the extras needed to work happily from home—all of it yours to keep after three years. Terms and Conditions will apply.Learning fund: An annual upskilling budget of R20,000 per employee, which will be converted to the respective currency of the employee's payment, in addition to scheduled VALR training.Performance bonus: When you contribute to VALR's success, you'll be rewarded with discretionary bonuses.Regular get-togethers outside of work.Annual company retreats.
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