Process Compliance Specialist

Position Summary

This person is responsible for ensuring that business processes align with internal policies, industry standards, and regulatory requirements. This role focuses on monitoring, evaluating, and improving compliance within operational workflows to minimize risks and enhance efficiency.

Essential Duties and Responsibilities

• Develop, update, and oversee the Money Laundering and Terrorism Financing Risk Management System (SARLAFT) or the applicable risk system depending on the industry (SAGRILAFT, PTEE, etc.).

• Maintain the compliance manual with the company’s policies and procedures.

• Analyze and report suspicious transactions to the UIAF (Financial Intelligence and Analysis Unit).

• Implement internal controls to mitigate risks of corruption, money laundering, and terrorism financing.

• Supervise the application of restricted lists and background checks (OFAC, UN, etc.).

• Supervise the application of the No PO no Pay policy across the company partnering with the different departments to ensure the proper adoption and execution of it.

• Train employees on risk prevention and regulatory compliance.

• Train employees on Purchase Order creation and internal policies and procedures compliance working closely with the Procurement team and the Account Payable team.

• Submit mandatory reports to the Superintendency of Companies, Superfinanciera, Supersalud, among others, depending on the sector.

• Coordinate internal and external audits related to compliance.

Education & Experience:

Education: University degree in Accounting, Finance, industrial engineering or others.

Experience:

• A minimum of 5 years of total work experience.

• 3 to 5 years of experience in the areas of compliance, audit, internal control, risk or financial regulation.

• 3 to 5 years of experience in process design and improvement. User training. Change management and adoption.

• 50 hours minimum in courses on ML/FT/FPADM risk management through specialization, courses, diploma courses, seminars, congresses (including UIAF course, among others), (including UIAF course, among others), accredit a professional degree, and experience in positions related to the administration of SAGRILAFT.

Knowledge, Skills, & Talents

• Ivalua system knowledge is preferred.

• Ability to read, write and communicate in English and Spanish in a business setting is required.  B2 – C1 English Level.

• Problem solving and analytical skills.

• Self-motivated and self-directed individual.

• Ability and desire to learn new activities and processes.

• Analysis and critical thinking to evaluate risks and suspicious transactions.

• Regulatory and normative knowledge to be updated with changes in legislation.

• Communication and negotiation skills to train employees and advise senior management.

• Ethics and confidentiality due to the sensitive information handled.

Equal Employment Opportunity

Vantage is an equal opportunity employer.  Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status or any other protected category. 

About Vantage

Vantage provides natural solutions to our customers’ technical performance and marketing needs through a unique combination of chemistry, application expertise and service. Underpinned by our broad portfolio of formulations, ingredients and actives that are built on a backbone of sustainable oils, fats and their derivatives, Vantage targets selected markets and applications including personal care, food, surface treatment, agriculture, pharma, and consumer and industrial performance. Vantage is headquartered in Deerfield, IL., operates in 11 countries worldwide and employs more than 1,000 talented professionals focused on delivering exceptional customer experiences with every interaction.

We are a dynamic people-centered organization where you’ll be part of a collaborative global team. Embracing our cultural diversity, we learn from each other to constantly improve, adapt and iterate. We value the voices and talents of our colleagues, empowering them to drive their unique ideas to completion. We’re convinced that exceptionally motivated employees produce outstanding results and we celebrate them by fostering a culture of recognition, development, learning, excellence and shared achievement. Most importantly, we know you’re going to like it here.  For more information visit: vantagegrp.com or LinkedIn/vantage.