The Role
Supports the company’s compliance and financial-crime risk framework across payments, treasury, foreign exchange, supplier payments, settlements, and cross-border activities. Responsibilities include licensing coordination, regulatory monitoring, KYC/KYB, enhanced due diligence, sanctions and PEP screening, transaction monitoring, investigations, control testing, recordkeeping, training, audits, and escalation of suspected financial crime.
Summary Generated by Built In
Job Purpose
The ideal candidate is suppose to support the day-to-day operation of company Pay's compliance and financial-crime risk-management framework across payment, treasury, foreign-exchange, supplier-payment, partner-settlement and cross-border activities. The role performs due diligence, screening, monitoring, investigations, control testing, recordkeeping, regulatory support and multi-country PSP licensing coordination.
Key Responsibilities.
• Maintain the regulatory obligations register, licence and approval calendar, policy library, compliance plan, issue tracker and evidence repository.
• Monitor relevant regulatory developments and support impact assessments, policy updates, implementation plans and staff communications.
• Prepare accurate information for regulatory notifications, returns, inspections, audits, partner reviews and management or Board reporting.
• Maintain a country-by-country licensing and regulatory obligations matrix covering permitted activities, licence categories, application requirements, licence conditions, regulatory contacts, fees, renewal dates and key compliance deadlines.
• Coordinate complete, consistent and version-controlled licence application and approval documents, including corporate, ownership, governance, fit-and-proper, financial, operational, technology, risk, AML/CFT/CPF, consumer-protection and data-protection materials, as applicable.
• Verify identity, legal existence, ownership and control, directors, authorised signatories, business activities, expected transaction profile and payment purpose.
• Assign and document customer risk ratings; complete enhanced due diligence for high-risk customers, complex structures, higher-risk jurisdictions or unusual activity.
• Screen customers, beneficial owners, directors, signatories, counterparties, beneficiaries, senders, recipients, banks, PSPs, vendors and other relevant parties.
• Investigate potential matches using reliable identifiers, document disposition decisions and escalate confirmed or probable matches immediately.
• Apply enhanced review and senior approval requirements for politically exposed persons (PEPs), their family members and close associates.
• Analyse alerts against customer profile, expected activity, counterparties, geography, transaction velocity, value, frequency, device or channel indicators and payment narrative.
• Request and assess supporting information; document a clear chronology, analysis, rationale, outcome and any required restrictions or follow-up actions.
• Escalate suspected money laundering, terrorist financing, proliferation financing, fraud, sanctions evasion or other financial crime to the MLRO without delay.
• Identify red flags such as unexplained third-party payments, over- or under-invoicing, duplicate or altered documents, inconsistent goods or values, unusual routing, split transactions or circular flows.
• Review invoices, contracts, purchase orders, shipping or customs documents, beneficiary details and the commercial rationale for higher-risk payments.
• Assess licensing, ownership, regulatory status, AML/CFT/CPF controls, sanctions exposure, adverse media, data protection, security and reputation of prospective partners.
• Identify unfair, misleading, aggressive or deceptive practices and escalate potential customer harm or vulnerable-customer concerns.
• Apply data-minimisation, purpose limitation, access-control, retention, secure-sharing and confidentiality requirements to compliance processes and case files.
• Ensure no high-risk product, digital-asset feature or settlement route proceeds without documented legal, regulatory and compliance approval and confirmed permissibility.
• Support investigations into suspected employee misconduct, fraud, bribery, collusion, information misuse or control circumvention.
• Deliver or coordinate induction, annual and role-specific compliance training and support internal audit, external audit and regulatory reviews.
Requirements
• Bachelor's degree in Law, Finance, Accounting, Banking, Economics, Criminology, Risk Management, Business Administration, Information Security, Data Protection or a related discipline.
• At least three years of relevant experience in compliance, AML/CFT, financial crime, risk, investigations, regulatory operations or internal controls; strong candidates with equivalent depth of experience may be considered.
• At least two years of exposure to payments, fintech, banking, remittances, foreign exchange, treasury, merchant acquiring, supplier payments, institutional/corporate flows or cross-border financial services is strongly preferred.
• Practical experience with KYC/KYB, beneficial-ownership analysis, EDD, sanctions/PEP screening, transaction monitoring, case investigation and defensible recordkeeping.
• Experience supporting regulators, PSP licence applications, licence maintenance or market-entry projects, FIUs, banks, PSPs, auditors, data-protection authorities or strategic partners is an advantage.
• Professional certification such as CAMS, ICA, CFE, CRCM, CIPP/E or a recognised local equivalent is preferred but not essential.
Skills Required
- Bachelor’s degree in Law, Finance, Accounting, Banking, Economics, Criminology, Risk Management, Business Administration, Information Security, Data Protection, or a related discipline.
- At least three years of relevant experience in compliance, AML/CFT, financial crime, risk, investigations, regulatory operations, or internal controls.
- At least two years of exposure to payments, fintech, banking, remittances, foreign exchange, treasury, merchant acquiring, supplier payments, institutional or corporate flows, or cross-border financial services.
- Practical experience with KYC/KYB, beneficial-ownership analysis, enhanced due diligence, sanctions and PEP screening, transaction monitoring, case investigation, and defensible recordkeeping.
- Experience supporting regulators, PSP licence applications, licence maintenance, market-entry projects, FIUs, banks, PSPs, auditors, data-protection authorities, or strategic partners.
- Professional certification such as CAMS, ICA, CFE, CRCM, CIPP/E, or a recognised local equivalent.
Am I A Good Fit?
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
The Company
What We Do
CVPeople Tanzania is a leading provider of HR consulting and recruitment services, specializing in identifying and recruiting senior leaders and board directors to help businesses succeed.
