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Risk & Compliance Officer

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🙌 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:

[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)

[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.

[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.

[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.

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.

What You Should Know About Risk & Compliance Officer, NALA

Join Rafiki as a Risk & Compliance Officer, where your mission is to ensure compliance with AML/CTF regulations and domestic standards, maintaining the highest ethical standards in our operations. You'll be diving headfirst into this role, monitoring our compliance against various regulatory requirements, and getting involved with everything from reviewing processes to enhancing controls and SOPs. A big part of your responsibilities will be promoting a culture of compliance through team training sessions, ensuring everyone is on the same page regarding these crucial regulations. Your analytical skills will come into play as you handle transaction monitoring and assess risks associated with new customers. Supporting the MLRO on regulatory reporting and timely escalation of cases will also be key to your success in this role. With a Bachelor’s degree in Law, Business Administration, Finance, Economics, or a related field, along with at least one year of compliance experience in the financial sector, you'll play a critical role in safeguarding our organization. If you have a solid understanding of AML regulations, KYC, and third-party vendor compliance assessments, we’re eager to hear from you. At Rafiki, your contributions will help drive continuous improvement in compliance practices, benefiting not just the company but everyone involved. Together, let’s work towards sustainable compliance!

Frequently Asked Questions (FAQs) for Risk & Compliance Officer Role at NALA

What are the key responsibilities of a Risk & Compliance Officer at Rafiki?

As a Risk & Compliance Officer at Rafiki, you will be responsible for monitoring compliance with relevant regulatory requirements. This includes reviewing and improving AML processes and controls, delivering crucial training to the team, conducting transaction monitoring, and engaging in risk assessments of new customers. You'll also support the MLRO with regulatory reporting and addressing compliance gaps.