TerraPay - Senior Associate - Compliance Onboarding

Responsibilities:

- In this business crucial position, you will be responsible for day-today tasks relating to all aspects of the firm's AML / KYC Client identification and set-up process and who shall act as Case Manager and have full ownership to follow through new account opening requests, liaising with RD, GTM and Compliance and Operations teams

- Should collect a range of important information/document about their customers as part of the customer due diligence (CDD) and know your customer (KYC) process and Validating KYC documentation

- Provide end to end guidance to the RDs on KYC requirements for their prospects / clients based on Bank's policy and guidelines.

- Ensure that your KYC / SoW knowledge is up-to-date and in alignment with TerraPay's policies, procedures as well as regulatory requirements and provide guidance and support to GTM on corroboration as well as plausibility.

- Timely escalate-high risk matters or regulatory questions to the concerned Compliance team within TerraPay

- Completion of enhanced due diligence searches for clients and principals associated with high-risk clients.

- Supporting the Business in liaising directly with clients during the onboarding process.

- Experience of applying a risk-based approach when analysing the profile of a prospective client and deciding what CDD requirements should be applied.

- Clear understanding of the various financial crime and reputational risk-factors to consider when onboarding a new client partner in accordance with the Risk Based Approach

- Experience in compiling and summarizing escalations (PEP sign off, Adverse Media sign off, High Risk client sign off) for Senior Management review.

- Should be able to demonstrate the ability to carry out research, analysis and summarise the results of their findings in a clear manner.

- Sound understanding of how to establish and record Source of Funds / Source of Wealth.

- The successful candidate must have strong written and verbal communication skills and be comfortable engaging with internal stakeholders of all levels as well clients.

- Sound understanding of Know your customer/ Anti-Money Laundering Regulations

Experience: 3-5 Years

Technical Experience:

- Knowledge of Onboarding and KYC

- Experience in payments