Compliance Operations - Sanctions Screening & Monitoring

Role - Team Leader

About TerraPay

TerraPay delivers the world’s fastest high-impact mobile-first payments. It operates a Cross-Border Mobile Payments Network for emerging markets, processing money transfers, push and merchant payments in real-time for duly licensed financial institutions, organizations and merchants. Leading companies around the world rely on TerraPay’s Mobile Payments solutions for digital payments.

Please visit www.terrapay.com, for more information.

Description

TerraPay Global/Group Compliance is responsible for ensuring compliance with anti-money laundering (“AML”), Bank Secrecy Act, USA PATRIOT Act, OFAC, EU and sanctions regulations for the global operations. Additionally, AML oversees key processes and risks of the KYC department as well as global Compliance Program, Regulatory and Procedural requirements.

TerraPay requires a Sanction Screening & Monitoring Compliance Analyst within the Global Sanctions and Monitoring Program team. Individual responsible for ensuring compliance with OFAC, E.U., and other applicable sanctions programs throughout TerraPay. This includes reviewing alerts on transactions (second level review) and static data (first level review) for potential matches to the OFAC, E.U., and any other applicable lists and investigating potential matches, reporting blocked property or rejected transactions to OFAC, investigating and drafting Voluntary Self-Disclosures to OFAC, providing sanctions-related advisory support to TerraPay business units, reviewing the Sanctions Risk Assessment, and coordinating with the Sanction Screening & Monitoring Compliance Manager or Global Head of Compliance, as appropriate.

The incumbent will also be responsible for TerraPay Partner and Customer Monitoring program and applicable reporting tasks. The incumbent will be tasked with proposing corrective action measures to mitigate any risks identified throughout the execution of Compliance tasks as well as update of the relevant risk matrix.

Experience req.

5 to 7 years

Qualification

Mandatory – Graduate

Desirable - Compliance/ audit/ forensic investigations

Skills required

Technical

· Knowledge of compliance regulations

· Experience in payments/ financial industry

Functional

· Attention to detail

· Excellent written and verbal skills

· Ability to persuade cross functionally

· Team management

Behavioural





· Self-starter

· Unimpeachable integrity

· Driver of culture of compliance

Competency

· Prior Compliance, Operations or Technology experience, including List Management/Tuning.

· Ability to work closely with technology teams, clearly explaining regulatory needs to system developers and technicians.

· Ability to work collaboratively and effectively within a complex organization, across multiple cultures, geographies, and disciplines.

· Ability to balance multiple, changing priorities in a agile and fast-moving working environment

Responsibilities

· Good understanding of the rules and regulations in the UK. Mauritius, and other FATF level rules/ countries TerraPay operate in

· Manage the day-to-day operations of the Sanctions Screening & Transaction Monitoring Compliance program for TerraPay’s Global Compliance operations by working in collaboration with the Global Compliance team and business operations the achieve the company goals

· Monitor the daily work queues and the review the Sanctions and Transaction Monitoring alerts by investigating and making appropriate decisions.

· Execution of the compliance company strategies by contributing information, analysis, and recommendations and translate these into deliverables

· Monitor the emails received from Partner compliance and the business for queries related to compliance blocks which is required to actioned immediately

· Be vigilant to identify red flags and escalate the same.

· Liaise with the partner compliance teams to raise queries where additional information is required

· Work closely with the Compliance Technology and Operations teams on issues related to sanctions screening and list management including tuning, analytics and data governance.

· Liaise with Group Compliance and Technology teams on sanctions screening issues, including list management and rules by recommending opportunities for tuning the sanctions screening lists with rules, to develop structure for ongoing review lists.





· Execution of enhancements of processes and procedures with a commitment to consistency and successful implementation within the set targets and deadlines

· Identify potential screening gaps and develop implementation plans to address them

· Manage and work with the internal Technical team closely to ensure processes and procedures meet with regulatory standards

· Proactively represent TerraPay Sanctions Compliance in all initiatives to implement or upgrade sanctions screening software and additional lists for screening.

· Conduct testing of technology modifications from a user perspective and sign-off on system changes as needed.

· Develop and prepare key metrics for daily and monthly oversight and reporting to senior management

· Execution of enhancements of processes and procedures with a commitment to consistency and successful implementation within the set targets and deadlines

· Conducting new and ongoing due diligence, monitoring and risk assessments of our accounts and partners in accordance with the Risk Based Approach

· Responsible for updating and maintenance of all related TerraPay Sanction Screening and Monitoring & Reporting Program document management.

· Build and maintain regulatory relations with relevant regulators in countries we are entering into; also with authorities, and partners working alongside management team in proactively managing these relationships

· Manage the regional specific regulatory reporting to ensure that all entities’ regulatory filing and oversight responsibilities are met, Ensure TerraPay’s sanctions screening is in line with OFAC/EU and all other applicable sanctions laws and regulations, and supervising tuning associated with upgrade and enhancements that may be required.

· Manage multiple Compliance specific projects and meet timely deadlines

· Assist with coordination of materials for internal and external OFAC/sanctions-related regulatory examinations

· Co-ordinate with the Regional Compliance Manager for investigation, oversight and activities across the business and identify any potential areas of compliance vulnerability and risk

· Be proactive and drive thought by undertaking ongoing training and contributing during meetings and huddles

· Build on the existing Sanction Screening and Monitoring & Reporting Program and escalate any potential risks identified in a timely manner

📌 Compliance Operations - Team Lead (Bengaluru)
🏢 TerraPay
📍 Bengaluru