• Application Deadline:
• Position: AML Transaction Monitoring Specialist



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 4 years



• Location Lagos




• Job Field Finance / Accounting / Audit 
  
  

About the role

• Paystack is seeking an innovative and forward-thinking AML Transaction Monitoring Specialist to join our Risk and Compliance teams.


• We are looking for a professional with a strong analytical mindset and a passion for fighting financial crime.


• If you are deeply curious about tracing illicit activity and have proven experience in a fast-paced environment, this role is for you.


• As an AML Transaction Monitoring Specialist you will be responsible for developing monitoring rules, reviewing, analyzing, and investigating financial transactions to detect and report potentially suspicious activities in accordance with applicable Anti-Money Laundering (AML) laws, regulations, and internal policies.


• This role is critical in ensuring the organization’s compliance with our global AML/CTF/CPF regulations.


• A key part of your role will be preparing management reports for leadership, maintaining a compliance dashboard to track the effectiveness of our controls, and assisting with the annual ML/TF risk assessment.


• You will be a subject matter expert, providing guidance to internal teams and ensuring Paystack remains at the forefront of compliance best practices.


• This role is based in Nigeria.

We’ll trust you to

Transaction Monitoring:

• Conduct AML related risk assessments and collaborate with cross functional teams to design and enhance AML transaction monitoring rules and develop effective monitoring systems alerts.


• Manage a queue of complex alerts, conducting comprehensive investigations into potentially suspicious activity by analysing transactional data and reviewing all related merchant information.


• Analyze transaction patterns, customer profiles, and historical activity to determine legitimacy.

Investigation & Analysis:

• Conduct detailed investigations on flagged transactions.


• Identify trends, anomalies, and potential typologies associated with money laundering or other financial crimes.


• Leverage data tools like SQL and Excel to analyse transactional data, identify emerging money laundering typologies, and flag these trends for risk mitigation.

Documentation & Reporting:

• Document findings clearly and concisely with supporting evidence.


• Prepare detailed investigation narratives and draft Suspicious Transaction Reports (STRs) and other required filings in line with financial intelligence units across our operational jurisdictions.


• Escalate cases as appropriate and assist in the filing of Suspicious Activity Reports (SARs).


• Accurately document all investigation findings, including the evidence gathered and the rationale for your conclusions, ensuring all case files are complete and ready for regulatory review.


• Prepare management and board reports on suspicious transactions activities providing insight to the current AML risk landscape.

Compliance & Risk Assessment:

• Collaborate with other compliance teams to ensure procedures are aligned with current AML laws and industry best practices.


• Participate in risk assessments related to products, customer behavior and transaction activity.

System Support:

• Partner with Product and Engineering teams by providing direct feedback on financial crime trends and rule performance to help refine and strengthen our detection and monitoring systems.


• Provide feedback to improve alert quality and reduce false positives.


• Assist in tuning and testing transaction monitoring systems and rules.

Training & Collaboration:

• Participate in ongoing training and stay up to date on AML regulations and typologies.


• Work closely with other Risk and Compliance teams such as Compliance Reviews, Fraud. And other cross functional team Legal, Product, Engineering as needed.


• Liaise with the financial intelligence units and law enforcement.

You’ll thrive if you

• Have 4+ years of experience in an AML/CFT compliance role focused on financial crime investigations and regulatory reporting.


• Demonstrate a strong working knowledge of AML/CFT regulations, including the reporting requirements and guidelines of the FIU and Regulators.


• Are proficient with data analysis tools, particularly SQL and Excel, and can leverage them to investigate complex financial data.


• Exhibit excellent investigative and problem-solving skills, with a high level of curiosity and meticulous attention to detail.


• Communicate complex ideas clearly and effectively, especially through precise and detailed written narratives for investigation files and regulatory reports.


• Are proactive and can manage a caseload independently, taking the initiative to see investigations through to completion.