Compliance Analyst

Company: Paymentwall Inc.
Location: San Francisco
Posted on: November 8, 2024

Job Description:

We are looking for a Compliance Analyst to join our team in San Francisco. This role is a great opportunity for candidates looking to have hands-on experience working in a licensed fintech company.As a Compliance Analyst, you'll be working with our global compliance team and play a pivotal role in ensuring regulatory compliance and operational excellence. You'll coordinate regulatory activities, drive improvements in key compliance areas such as KYC and AML, assist in audit preparations, conduct risk assessments, and oversee internal procedures related to merchant onboarding and transaction monitoring.Responsibilities

• Coordinate and monitor regulatory inspections, investigations, thematic reviews, inquiries, self-assessments, surveys, questionnaires, reporting, and consultations to ensure timely and quality submissions; Help with the application for MTL licenses.
• Drive improvements in KYC, AML, privacy regulations, and general compliance awareness through evaluating needs and delivering a training and development program, with input from compliance and risk-based monitoring programs.
• Assist in the preparation of audit and examination responses, including monitoring the completion of management commitments/corrective action.
• Conduct periodical risk assessments concerning money laundering and terrorist financing risks and advise the company's governing body/senior management on necessary actions to mitigate those risks.
• Help develop, improve, and oversee internal procedures on merchant onboarding, monitoring, and suspicious activity reporting (SARs) as per local regulations.
• Investigate and monitor transactions and accounts, including when required using monitoring tools, to monitor, detect, prevent, and report on possible money laundering, terrorism financing, corruption, and other suspicious activity.
• Check and help ensure that all departmental procedures are current and in compliance with regulatory/agency requirements and company policy.
• Ensure that appropriate measures are in place so that money laundering and terrorist financing risks are considered in the company's day-to-day operation.Requirements
• Bachelor's Degree or Higher in Management, International Studies, Law with related studies in Anti Money Laundering and similar studies.
• Working knowledge of internal and external compliance-related rules, regulations, and policies related to the payments industry.
• Experience in reviewing contracts, permits, regulations, and licenses and researching international law.
• Ability to provide functional and directional guidance to staff and recommend policy or strategic direction changes to management.
• Ability to execute or supervise the execution of processes.
• Authorization to work in the United States.
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Keywords: Paymentwall Inc., Tracy , Compliance Analyst, Professions , San Francisco, California