Anti Money-Laundering Compliance Officer (MLCO/MLRO)

Are you a talented and passionate Compliance Officer?

• Would you like to be part of a team that develops new products for a new fin-tech company, specialized in attractive, secure and cost effective payment solutions?
• Would you like to help establish the company from scratch by setting up compliance regulations and ISO standards?

Then we like YOU to join our dynamic PaySociety team.

About us

PaySociety (PS) is soon to incorporate, and will launch its own proprietary Global Payment Network & Associated Services. These new payment solutions will transform the daily payments, including shopping, restaurants, hotels, petrol stations, internet payments, payments for your business, sending funds overseas, by providing transactions which are secure, faster, and at lower cost. Following receipt of appropriate financial licenses, we anticipate a phased launch such that our Global Payment Network will enable associated services at phase 1 covering more than 27 countries, and with further phases reaching up to 70 countries.

PaySociety provides money value transfer services across national borders, through our network of PaySociety operational companies in 27 countries.
As a new Payment Service Provider our KYC and AML Program is therefore of utmost importance. As being a start-up this program must be built from the ground up. We are looking for talented colleague that can help us to achieve a “state of the art” AML KYC CTF compliance program.

Responsibilities

• Define policies and procedures regarding the company's complete AML and CTF program to identify manage and mitigate any money-laundering or terrorism-financing risk PaySociety's products may reasonably face.
• Define a solid “Customer Identification Program” (CIP).
• Responsible for the implementation of the above policies.
• Identify, analyze and review the companies AML risks on a regular basis.
• Responsible for the training program and education of key employees and Board of Directors.
• Liaison between the IT department to ensure that our system is complainant to your policies and procedures.
• Report any BSA or SAR issues to the Board of Directors.
• Create the Annual AML activities report.
• Liaising with the regulatory authorities regarding all AML compliance issues.

The Ideal Candidate

• Knowledge of AML/CTF/KYC specifically for payments and financial services but especially for Money or value transfer services (MVTS) as defined by the FATF.
• Deal with none face to face KYC standards in one or multiple countries.
• Experience with writing policies using a Risk Base Approach as define by the FATF.
• Experience in using automated processes for customer onboarding, sanction list checks, transaction monitoring.
• Basic knowledge of online banking or other online payment services.
• Preferably experienced in working for a Fin Tech company or online payment processor.
• Experience dealing with regulatory authorities and involvement in the process of requiring financial licenses.
• Fascination with the workings of financial criminal minds.
• Analytical thinker.
• Experience and hands-on mentality is more important than education.