Compliance Associate

Posted 14 Days Ago
Be an Early Applicant
India
Hybrid
Mid level
Software • Financial Services
The Role
The Compliance Associate will enhance transaction monitoring, investigate suspicious activities, and ensure compliance with AML regulations across multiple regions.
Summary Generated by Built In

About Wahed:

We have a passion to reduce financial inequality and exclusion by building world leading financial products and services aimed at giving access to all. We are a New York headquartered Financial Technology (FinTech) company focused on serving values-based (shariah compliant) digital financial services to retail clients globally, starting with wealth management. We have an impressive global team aligned with this purpose and are looking for trail blazers in their fields that will take our customer delivery to new levels. We can promise you a digital first and truly international culture, as well as a fascinating immersion into the world of FinTech and Islamic finance.

Job Description

  • We are seeking a detail-oriented Compliance Associate in overseeing and enhancing our transaction monitoring process across the UK, Malaysia & UAE. The Ideal candidate will assist in identifying and investigating suspicious activities and ensuring compliance with regulatory requirements and supporting the regulated firm in meeting its anti-money laundering (AML) obligations. 

  • Transaction Monitoring:

  • Perform daily transaction monitoring of customer transactions using internal systems and tools to detect potential money laundering, terrorist financing, fraud, and other financial crime risks.
  • Investigate alerts generated by internal transaction monitoring systems as well as those raised by our custodian, to analyse customer behaviour and document findings with appropriate rationale.
  • Collaborate with other teams (e.g., onboarding, KYC, operations, ) to obtain necessary customer or transactional information.
  • Maintain accurate and detailed records for all transaction monitoring activities, ensuring relevant registers and systems are updated on a regular basis.
  • Draft Suspicious Activity Reports (SARs) for filing with regulatory authority.
  • Identify trends and patterns that may indicate financial crimes, including money laundering and terrorist financing. 
  • Maintain detailed case records and support compliance reporting requirements.

  • Customer Due Diligence (CDD) & KYC:
  • Review and verify Know Your Customer (KYC) documents for onboarding and existing clients.
  • Ensure adherence to customer due diligence (CDD) and enhanced due diligence (EDD) requirements.
  • Support the compliance team in client risk assessments and risk-based approach analysis.

  • Compliance Systems & Controls:
  • Assist in the optimization and calibration of transaction monitoring systems.
  • Work with the IT and Risk teams to enhance automated monitoring tools.
  • Recommend improvements in compliance processes to mitigate financial crime risks

  • Regulatory and Compliance support:
  • Support the MLROs in UK, MYS & UAE in ensuring compliance with AML/CFT regulations and internal policies.
  • Monitoring changes in AML/CFT regulations and contributing to policy updates where necessary.
  • Support MLROs in periodic review and enhancement of transaction monitoring rules, thresholds and systems.

Skills & Competencies:


Master's / Bachelor’s degree in Finance, Business, Law, or a related field.

2-4 years of experience in AML/Compliance, with a focus on transaction monitoring.

Basic understanding of financial regulations or a strong interest in compliance and AML.

Strong analytical, communication, and stakeholder management skills.

Good analytical and problem-solving skills.

Effective written and verbal communication skills.

Proficiency in Microsoft Office (Excel, Word, Outlook).

Top Skills

MS Office
Am I A Good Fit?
beta
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.

The Company
HQ: New York, NY
191 Employees
On-site Workplace
Year Founded: 2017

What We Do

Wahed Inc. (“Wahed”, “Wahed Invest”), is an Ethical and values driven digital investment platform. The platform provides access to diversified portfolios to residents of the US, UK and Malaysia.

Similar Jobs

Hybrid
Mumbai, Maharashtra, IND
289097 Employees
Hybrid
Mumbai, Maharashtra, IND
289097 Employees

GLG Logo GLG

Associate, Compliance (Screening)

Professional Services • Software • Consulting • Financial Services
Gurugram, Haryana, IND
9740 Employees
Remote
Mumbai, Maharashtra, IND
1718 Employees

Similar Companies Hiring

True Anomaly Thumbnail
Software • Machine Learning • Hardware • Defense • Artificial Intelligence • Aerospace
Colorado Springs, CO
131 Employees
Caliola Engineering Thumbnail
Software • Machine Learning • Hardware • Defense • Data Privacy • App development • Aerospace
Colorado Springs, CO
53 Employees
Red 6 Thumbnail
Virtual Reality • Software • Hardware • Defense • Aerospace
Orlando, Florida
113 Employees

Sign up now Access later

Create Free Account

Please log in or sign up to report this job.

Create Free Account