Compliance Officer - International Remittance
Zinam Technologies (Private) Limited
Karachi , Pakistan
Posted Mar 02, 2022 50 views
ZINAM Technologies (Private) Limited is a business outsourcing company based in Karachi, working as a versatile support center for our parent company based in Canada.
We are hiring on behalf of our client, a licensed international money remittance company based in the USA and Canada.
The Compliance Officer will analyze, investigate, and assess the risk of alerts identified by our risk assessment tools, including but not limited to Unusual Transaction Reports (UTRs), Transaction Monitoring System alerts, and name scanning alerts.
Key Accountabilities
- Contributes to the overall success of the Global Compliance Team by ensuring specific individual goals, plans, initiatives are executed/delivered in support of the team’s business strategies and objectives.
- Ensures all activities comply with governing regulations, internal policies, and procedures.
- Monitoring financial regulations and personal data compliance requirements and ensuring the company’s AML policy corresponds to the international system.
- Screening and monitoring, payment fraud prevention, transaction monitoring for all our international remittance clients.
- Looking after records of high-risk clients and reporting suspicious activities
- Assisting the implementation of an Anti-Money Laundering program
- Investigate and assess the risk of alerts identified by the client’s anti-money laundering risk assessment tools, including but not limited to UTRs. Maintain proper records and audit trail of investigation activity and disposition actions for all alerts.
- Review all customer’s activities alerts for the assigned business unit, investigate, and report any violations of compliance or regulatory standards to the authorized officer or regulator.
- Prepare case reports or risk assessment worksheets for AML/ATF Operations management review describing the suspected AML typology, the scope of the investigation, risk assessment, and recommended remediation actions.
- Understand how the Bank’s risk appetite and culture should be considered in day-to-day activities and decisions.
Functional Competencies
- Fluency in English with excellent communication skills, both written and verbal
- Ability to gather, analyze, organize, document, and present large volumes of information succinct and organized.
- We have proven fact-finding ability with a clear understanding of critical points and probing when conducting corresponding conversations.
- Excellent written and verbal communication skills.
- Knowledge of Canadian and International AML regulatory statutes and reporting requirements.
- Knowledge of MS Office Suite application and efficient use of web search engines and any of the following: Email software, Microsoft Outlook, Microsoft Internet Explorer, Mozilla Firefox, Web browser software, etc.
- Proven use of logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
- Solid knowledge of the Anti-Money Laundering and KYC procedures and best practices.
- Sound understanding of corporate, retail, commercial and small business banking activities and practices
Educational Requirements
- Bachelor’s degree preferably in Business, Finance or Accounting.
- A minimum of 2 years of experience in retail or commercial roles is preferable in a financial institution with a similar capacity or equivalency in education and years of experience.
ZINAM thrives on the foundation that workplace diversity brings forth innovation and opportunities. We are an equal opportunity employer for all individuals regardless of age, gender, race, ethnicity, disability, sexual orientation, or other grounds.
Job Details
Zinam Technologies (Private) Limited
At Zinam Technologies (Private) Limited, We design, build, upgrade and maintain various technology solutions for clients in North America. Since 2006, we provide high-quality and cost-effective custom software development and support services for enterprises, from start-ups to Fortune 500 companies. We are offering full-stack digital solutions for business and staff augmentation through outsourcing services in Pakistan, one of the most emerging country in the world for technology outsourcing. Our comprehensive knowledge of software and application development, combined with our offshore/ onshore resources, enables us to deliver high-quality development packages designed to optimize your costs and maximize your profits./p
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