Compliance Analyst

Manila, Philippines

About the Role:

Remitly is registered as a Money Services Business in the U.S., Canada, the United Kingdom, Singapore and Australia; and licensed by multiple U.S. state banking agencies. Each of these jurisdictions require, among other items, that Remitly maintain a comprehensive Anti-Money Laundering program. Reporting to our Global Compliance Team, the Compliance Analyst will dive into a variety of tasks ranging from developing and managing Remitly's global monitoring program to assisting the Compliance Officer with ad hoc projects.

You Will:

  • Monitoring and Testing
    • Conduct ongoing Compliance monitoring and testing.
    • Assess risk controls’ effectiveness and drive improvement to non-effective controls.
    • Work with program and regional owners to address ineffective controls.
  • Improve Internal Compliance Processes
    • Document existing internal compliance team process.
    • Review existing processes and identify opportunities for improvement.
    • Work across teams as a source of information about relevant compliance procedures and regulatory guidelines.
    • Act as a liaison between Operations (CS and Risk) and the regional Compliance Officers to address Compliance policies and processes impacting the associates and customer experiences.
  • Partner Due Diligence
    • Assist with partner due diligence tasks such as onsite and desktop refresh reviews.
  • Regulatory Requests
    • Investigate and respond to formal consumer complaints and law enforcement requests.
  • Ad-hoc Projects and tasks
    • Assist Compliance Officers with projects on an ad-hoc basis.
    • Project management changes to compliance processes based on changes in regulatory changes.
    • Help review potential suspicious activities and submission of Suspicious Activity Reports in all relevant jurisdictions.

You Have:

  • Minimum of 5 years of experience in an AML Compliance role within a financial services business in a Fintech or e-commerce environment.
  • Experience with online payments framework.
  • Experience with anti-money laundering regulations within the banking/financial services industry.
  • Understanding of technology and best practices in the compliance field.
  • Experience solving complex problems and decision-making ability.
  • Strong analytical skills.
  • Strong organizational skills.
  • Experience communicating with external auditors and regulators.
  • Knowledge of anti-money laundering regulations and regulatory developments.
  • Keep up-to-date with changes in anti-money laundering and regulatory policies.
  • Work with others to identify and resolve issues.
  • Share information and keep team members and supervisors informed.
  • Four-year degree and AML Compliance professional certification preferred.

 

Internal Qualifications:

  • Open to CBA Specialists
  • Open to CSI, FSI, CPT TM and CPT PS with at least 3.5 (80%) scorecard in the last 3 months
  • Must be active in current role and team for more than 3 months
  • Must not have any disciplinary action of written warning and up in the last 3 months
  • Must be a regular employee
  • Candidates who applied in the same role in the last 3 months need not apply

 

 

 

This role is a good fit for you if:

  • You are an empathetic partner who has a genuine interest in continuously improving.
  • You are able to jump in head first and take on tasks large and small as needed to support the business and global compliance team.
  • You are willing and able to take on tasks where you are required to complete extensive research on regulations and operationalizing requirements.
  • You are looking to develop subject matter expertise in global AML risks and how to mitigate risks with appropriate levels of controls.

This role will provide the candidate broad exposure to global regulatory requirements and understanding of industry best practices. This individual will have the opportunity to become an expert in regulatory compliance and develop compliance skills needed to become a leader in the compliance field such as creating and implementing board approved policies, risk assessments, as well as interacting with law enforcement and regulators.