About The Role
As an AML/CFT/CPF Compliance Associate at Kora, your role will involve overseeing adherence to all relevant anti-money laundering, counter-terrorism financing, and counter-proliferation financing regulations and standards within the African markets where we operate.
Requirements
Ensure ongoing adherence to all applicable anti-money laundering (AML), counter-terrorism financing (CFT), and proliferation financing (PFW) regulations for Kora.
You will engage in the following key responsibilities and activities:
Offer guidance and assistance on compliance matters, including across all business units, new products, new jurisdictions, and emerging regulatory initiatives.
Provide support, as needed, to develop, draft, update, and maintain procedures, processes, policies, training programs, and associated manuals, ensuring alignment with the operational and financial requirements of the units. Additionally, deliver customized training solutions designed to meet the specific needs of the operations and finance teams.
Evaluate, assess, and propose enhancements to Kora’s Anti-Money Laundering (AML), Counter-Terrorism Financing (CFT), and Counter-Proliferation Financing (CPF) operations, standards, and internal controls to ensure ongoing effectiveness and compliance.
Perform Know Your Customer (KYC) procedures for prospective merchants and execute continuous due diligence assessments for current merchants to ensure ongoing compliance with regulatory standards and risk mitigation.
Assist with the execution of compliance initiatives and assess suitable corrective action strategies, including—when required—timelines and assigned roles.
Draft, implement, and oversee comprehensive policies and procedures to ensure the organization’s enterprise-wide Anti-Money Laundering (AML), Counter-Terrorism Financing (CFT), and Counter-Proliferation Financing (CPF) program operates effectively and in compliance with regulatory standards.
Perform transaction monitoring activities and prepare Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SAR’s) as required.
Guarantee compliance with all current and evolving international and national laws and regulations applicable to the organization.
Conduct regular assessments of the compliance programs and implement necessary adjustments and enhancements to ensure ongoing effectiveness and alignment with organizational objectives.
Manage the complete lifecycle of all regulatory and law enforcement agency (LEA) requests and inquiries, ensuring seamless processing from initiation to resolution.
Drive the implementation of Kora’s annual training strategy by taking full ownership of the Compliance training and awareness initiatives.
Here’s what are we looking for:
A minimum of two years of experience as a Compliance Officer, or in a comparable position, within a B2B setting, Fintech services, or the banking sector is required, with a proven track record of operating across multiple African markets.
Certified professionals in disciplines such as DCP, CAMS, or CFCs are required.
Demonstrated expertise in Anti-Money Laundering (AML), Counter-Terrorism Financing (CFT), and Counter-Proliferation Financing (CPF) compliance is required.
Proficiency in transaction monitoring systems and Know Your Customer (KYC) procedures, including Customer Due Diligence (CDD), is required.
Demonstrates exceptional adaptability and the capacity to quickly assimilate new concepts while resolving challenges effectively.
Analyzing the intricate interplay of regulatory frameworks within the global finance sector demands a deep comprehension of their dynamic relationships and implications.
Proven track record of thriving in fast-paced, high-growth environments, ideally within dynamic startups or rapidly scaling organizations.
Proven ability to collaborate effectively with diverse teams, manage multiple priorities efficiently, prioritize tasks strategically, analyze complex information, and lead projects from initiation to completion with strong organizational and communication expertise.
Professionals in this role must demonstrate a comprehensive understanding of products, services, operations, and systems, along with extensive experience navigating laws, regulations, and interactions with regulatory agencies pertinent to their designated responsibilities.
One must demonstrate strong competency in operating personal computers as well as relevant mainframe systems and associated software applications.
This position is accountable to the Lead, Compliance.
Qualifications
BA/BSc/HND
Experience Required
2 years
