Senior Analyst - Regulatory Compliance

The Senior Analyst - Regulatory Compliance at Nium is responsible for implementing effective compliance programs, advising on regulatory requirements for new products, conducting risk assessments, ensuring proper client due diligence, and performing transaction monitoring reviews. This role involves working closely with regulators to ensure all compliance and AML/CFT policies are maintained and updated according to Australian regulatory standards.

To qualify for the Senior Analyst - Regulatory Compliance position at Nium, candidates should possess 3-4 years of experience in compliance roles within regulated companies. A strong understanding of compliance topics such as KYB/KYC and AML/CFT is critical, as well as certifications like ACAMS or ICA being highly preferred. Analytical skills and the ability to manage stakeholder relationships effectively are also essential for this role.

At Nium, we prioritize the continuous learning and development of our employees. As a Senior Analyst - Regulatory Compliance, you’ll have access to role-specific training, internal workshops, and a personal learning stipend. This commitment to upskilling ensures that you stay informed about the ever-evolving payments industry and regulatory landscape.

The work environment for a Senior Analyst - Regulatory Compliance at Nium is dynamic and collaborative. With a flexible hybrid model, you can enjoy a balance of office and remote work while engaging in team bonding activities, social events, and more. The diversity of our team, consisting of over 33 nationalities, enriches the workplace culture, fostering an atmosphere of creativity and innovation.

Working as a Senior Analyst - Regulatory Compliance at Nium comes with numerous benefits, including competitive salaries, performance bonuses, medical coverage, and generous vacation policies. Our employees also enjoy a focus on wellness through various programs, ensuring a balanced work-life approach. Moreover, the recognition we've received—such as the Great Place to Work Certification—reinforces our commitment to a positive workplace.

When discussing my experience with compliance regulations relevant to fintech, I like to emphasize my familiarity with KYC, AML, and the specific legislative frameworks impacting our operations. Additionally, I would cite examples of how I have implemented enhanced due diligence measures and the outcomes of those initiatives.

To stay updated on changing regulations, I subscribe to industry newsletters, attend seminars, and participate in professional networks related to compliance. Continuous education is crucial in this field, so I also prioritize formal training opportunities and webinars offered by organizations like ACAMS or local compliance associations.

In handling a suspicious transaction, I would first ensure the transaction is properly documented and review any alerts generated from our monitoring systems. If warranted, I would escalate the issue to the designated compliance officer to conduct a thorough investigation, including gathering any relevant documentation from the client before preparing a Suspicious Transaction Report as needed.

To improve compliance processes, I focus on leveraging technology to automate routine tasks and reduce manual errors. I advocate for regular team reviews to identify bottlenecks and seek team feedback. Collaboration with IT to implement machine learning could further enhance our capabilities, as I believe innovation is key to scaling compliance efforts efficiently.

Under tight deadlines, I prioritize compliance tasks by assessing their urgency and impact on business operations. I ensure that crucial tasks, such as client due diligence and regulatory reporting, align with compliance priorities. Utilizing project management tools to keep track of deadlines and collaborate with my team can help efficiently manage workload.

My experience with regulatory engagement includes regularly liaising with regulatory bodies to ensure our compliance practices meet required standards. I have coordinated on-site inspections, provided documentation, and effectively communicated any compliance changes. I emphasize the importance of transparency and building a positive relationship with regulators to facilitate smooth communication.

I understand that AML (Anti-Money Laundering) and CFT (Counter Financing of Terrorism) practices are critical to preventing financial crime. This involves implementing a robust framework for risk assessments, customer due diligence, and ongoing monitoring of transactions. I also recognize the necessity of training staff to identify suspicious activities and the importance of a culture of compliance within the organization.

In my previous role, I developed a comprehensive compliance training program for new employees, which included an overview of AML regulations, KYC procedures, and the company’s internal policies. I utilized engaging training methods such as interactive workshops and e-learning modules. This initiative led to a significant increase in compliance awareness and reduced compliance breaches.

To assess a new client for compliance risks, I would conduct thorough due diligence, including verifying the client's identity, understanding their business model, and evaluating their source of funds. I would also perform a risk assessment to classify the client accordingly and implement ongoing monitoring protocols to identify any changes in their risk profile over time.

A successful compliance program is built on a foundation of strong policies, effective training, and continuous monitoring. Engagement from the top leadership is crucial to instill a culture of compliance across the organization. Moreover, leveraging technology for automation and data analytics can significantly enhance the efficiency and efficacy of compliance operations.