Global EDD High Risk Compliance Specialist
Transfermate, Bulgaria
Job Description
TransferMate (www.transfermate.com) is a subsidiary of the Clune Technology Investment Group (www.clunetech.com, formerly The Taxback Group). TransferMate, through its globally regulated network of payment licenses and technology, provides a unified end-to-end global cross border platform when making or receiving B2B international payments. The group’s combined regulated payments capabilities together with its proprietary payments and receivables infrastructure provide safer and simpler ways for businesses of all sizes to collect or pay globally at top speed and at a lower cost through push button user experience allowing for increased transparency and reconciliation features for businesses.
TransferMate and its subsidiaries provide regulated payment services across all member states of the EU; UK; Jersey; Switzerland; 51 states and territories of the USA; Canada; Brazil; Chile; Australia; New Zealand; Hong Kong, Singapore; Malaysia; Philippines; and UAE. (https://www.transfermate.com/regulations/)
Over the past decade, TransferMate has meticulously built the world’s most comprehensive and advanced payments network that allows businesses and individuals to make cross-border payments as easily as if making a domestic funds transfer. Operating with multiple currencies, TransferMate works faster and more securely than traditional banking methods and with complete transparency of the transaction through to the point of final reconciliation. This delivers new levels of confidence, eliminates unnecessary financial risk, and drives significant cost-efficiency benefits.
In recent years, Transfermate has also secured significant strategic partnerships with banks and software platforms including: Wells Fargo Bank, Coupa Software Inc, Ivalua, SAP Concur, WEX Inc, Alibaba.com, FIS, TouchNet Inc and Transact Campus Inc to provide its payments technology to power cross border transactions for their customers, positioning itself as a global leader in payments infrastructure as a service.
In April 2022, the Haas F1 Team announced a worldwide partnership with TransferMate. As an official ‘Team Partner’, TransferMate will provide cross-border payments services through its unrivalled global payments infrastructure, while the TransferMate logo will be featured on the Haas F1 Team’s VF-22 car and the apparel of drivers Kevin Magnussen and Mick Schumacher throughout the 2022 FIA Formula 1 World Championship.
Global EDD High Risk Compliance Specialist
TransferMate is seeking a Global Enhanced Due Diligence (EDD) High Risk Compliance Specialist who will be responsible for developing and overseeing the global EDD program. Reporting to the Head of Global Due Diligence, this position will play a key role in assessing risks associated with new and existing clients, conducting enhanced due diligence investigations, and ensuring compliance with relevant regulations.
As the Global EDD High Risk Compliance Specialist, you will work closely with the compliance and business teams to implement robust EDD processes, monitor high-risk accounts (Financial Institutions, Gaming clients and provide guidance on enhanced due diligence requirements.
Responsibilities:
- Develop and implement the global EDD program, including policies, procedures, and processes
- Conduct enhanced due diligence investigations on new and existing clients, including performing analysis of complex ownership structures, identifying high-risk indicators, and assessing potential money laundering/terrorist financing risks
- Monitor high-risk accounts and transactions to identify suspicious activities and ensure appropriate reporting
- Provide training and guidance to compliance and business teams on EDD requirements and best practices
- Stay up-to-date with regulatory developments and industry best practices related to EDD
- Collaborate with internal and external stakeholders, including regulators and law enforcement agencies, to ensure compliance with EDD obligations
- Conduct periodic reviews and audits of the EDD program to identify areas for improvement
Requirements
- Minimum of 2 years of experience in compliance, risk management, or related field, with a focus on enhanced due diligence and anti-money laundering
- Strong knowledge of global AML/CFT regulations and requirements
- Strong analytical and investigative skills, with the ability to identify and assess potential risks
- Excellent written and verbal communication skills
- Ability to work independently and collaborate effectively with cross-functional teams
- Professional certification in AML/CFT (e.g., CAMS) is a plus
- Experience with payments or financial services industry is a plus
Benefits
Why work with us?
- Flexible Working Polic