Risk & Compliance Officer job at Nala Money

Summary
Date Posted: Monday, March 24 2025, Base Salary: Not Disclosed

JOB DETAILS:
Description
Your Mission
Your mission is to ensure that Rafiki stays compliant with AML/CTF regulations and domestic compliance standards. You’ll drive process reviews, conduct training, and monitor compliance gaps to support the continuous improvement of our compliance and regulatory efforts

Your Responsibilities in this Role
• You will monitor the companies compliance against regulatory requirements set by regulators and other relevant authorities
• Review and improve our AML processes, controls and SOPs
• Develop and roll out training to the wider team, promoting a culture of compliance
• You will be hands on when it comes to transaction monitoring and risk assessment of new customers
• You’ll support the MLRO on regulatory reporting and escalate cases when necessary

Must-have requirements
• Bachelor’s degree in Law, Business Administration, Finance, Economics, or a related field
• A minimum of 1 year of experience in a compliance role within the financial services industry
• Knowledge of AML/CTF regulations, KYC, and CDD processes
• Experience conducting due diligence and assessing third-party vendors for compliance
• Strong understanding of AML/CTF regulations and how they apply to operations
• Ability to review and enhance AML processes, SOPs, and transaction monitoring systems

Nice to have requirements
• Professional certifications in compliance or AML (such as ACAMS desirable
Success in the role looks like
3-Month Metrics
• Review at least 3 compliance processes, identify gaps in reporting, complaints handling
• Update and document at least 3 key AML/CTF procedures in compliance with domestic law
• Conduct compliance due diligence on at least 3 high-risk vendors
6-Month Metrics
• Implement escalation procedures to reduce resolution time by at least 30%
• Submit at least 2 AML/CTF compliance reports
• Complete at least 2 third-party vendors' due diligence reports

Interview Process
(for consistency, please can we use the below format)
Example
You will need to first submit your application through our ATS Workable. There is no need to submit a Cover Letter.
If successful you will be selected for our interview process which has 4 stages:
1. [30mins] Interview with the Talent Team
• In this stage we want to get to know you a bit more and follow up on your experience and motivations. The best preparation would be to really know why you applied for the role (i.e. your application questions)
2. [30mins] Interview with the Legal Counsel
• During this interview, we want to assess your legal and regulatroy knowledge. We’ll ask about your understanding of compliance, risk management, and reporting obligations. We’ll also evaluate how well you collaborate while adhering to relevant regulations.
3. [30mins] Interview with the MLRO
• In this stage, we want to assess your ability to collaborate across departments, your compliance knowledge, and how well you align with regulatory requirements.
• We’ll discuss your experience in working with teams, handling escalations, training, risk management, and regulatory compliance.
• Expect questions on how you would implement changes in response to new regulations and your experience with internal coordination on compliance matters.
4. [45mins] Practical Assessment (Optional)
• This stage is designed to test your problem-solving skills and ability to apply compliance knowledge in real-world scenarios.
• You may be given a case study or written scenario to assess your compliance decision-making.
• For example, you might be asked to outline the steps you would take to investigate a suspicious transaction and ensure proper compliance reporting.
5. Reference Check and Offer
• At this stage, we’ll verify your qualifications and background through reference checks.
• If successful, we’ll extend a final offer to you.

Benefits
• 35 Days Off including your local bank holidays: Take the time to decompress. Working at a startup is hard!
• Birthday Leave: Celebrate your special day with a bonus day off to take off in that month.
• Enhanced Parental Leave - We offer 16 weeks of full pay for the primary caregiver and 4 weeks of full pay for the secondary caregiver (After a 6-month probationary period)
• Learning Budget: Fuel your growth with $1000 annually for learning and development.
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Work Hours: 8

Experience in Months: 12

Level of Education: Bachelor Degree

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