Money Laundering Reporting Officer

Job Description

About Volt

When Volt launched in 2019, we recognised how open banking has the power to transform how businesses, wherever they happen to be, receive payments from their customers. So, we set about building an open payments gateway that enables merchants across the globe to receive direct, account-to-account payments – in real time.

Now, on the back of a record-breaking $23.5 million Series A funding round, we’re building an all-star team to achieve our goal of ‘real-time payments everywhere’.

About the role

As a Money Laundering Reporting Officer you will be responsible for overseeing the Company’s AML/CTF systems and controls and monitoring the effectiveness of policies and procedures, to ensure that they remain adequately proportionate to the business and financial services environment in which Volt operates. You will support the staff in conducting investigations on customer’s activity which might be related to money laundering and terrorist financing and will be the main point of contact with the office of the General Inspector of Financial Information in Poland (GIIF), as well as other Financial Crime Investigation Units relevant for markets on which Volt will operate.

Key responsibilities:

• Maintain the Company‘s AML/CTF risk management policies and procedures, ensure they are kept up-to-date,
• Conduct company-wide AML/CTF and sanctions risk assessments, including but not limited to quality assurance checks and assessment of new products, services and business projects,
• Implement and manage customer risk assessment processes, including development / review of customer risk scoring methodology, as well as transaction monitoring and screening rules,
• Participate in ad-hoc and periodic due diligence reviews of customers,
• Be the main point of contact for the Polish FIU (GIIF), as well as other Financial Crime Investigation Units,
• Investigate and provide analysis results of any suspicious transactions in accordance with AML regulations and make all appropriate STR/SAR reporting to relevant FIU (primarily to GIIF),
• Create AML/CTF trainings content and deliver trainings for company employees,
• Provide advice on AML/CTF,sanctions and PEP matters to other teams and departments across the Company,
• Liaise with internal and external auditors,regulators and other institutions, as well as potential and existing business partners, to ensure all queries and requests are addressed in a timely and accurate manner,
• Deliver periodic management information reports on AML/CTF risk related matters,
• Escalate to management any issues related to regulatory and/or other external institutions where necessary,
• Participate in new and ongoing projects, including the integration, configuration and management of AML and KYC tools and systems, as well as other initiatives, Assisting with any other relevant matters, as required by the Company.

Requirements

• 5+ years of compliance experience in financial services industry, ideally in the payments sector, managing AML/KYC/Transaction monitoring teams,
• Experience in conducting investigations of suspicious activities, transactions and fraud,
• Knowledge of the regulatory environment and key financial crime regimes,
• Experience with open banking solutions would be an advantage,
• Certified by professional bodies such as Association of Certified Anti-Money Laundering Specialists (ACAMS) or holder of a Diploma in Anti-Money Laundering issued by the International Compliance Association (ICA) will be considered an advantage,
• Fluent in English and Polish, with outstanding written and verbal communication and interpersonal skills,
• Able to analyze situations and information quickly and confidently, escalating issues to colleagues and management members in a concise and well-organised manner,
• High self-motivation, attention to detail, diligence and ability to multi-task in order to meet deadlines.

Benefits

• In 2021, we secured $23.5 million in Series A funding – a record in the open banking space. We’re going places – fast,
• We’re building new, game-changing tech that’s evolving at lightning speed. It’s energising to be part of,
• We champion ‘extreme ownership’ – being not just the owner of your own tasks, but a key member of a team united by, and accountable for, common goals,
• During the week we mostly work remotely but for those who prefer to be in the office we arranged coworking spaces in Warsaw (Business Link Astoria) and Cracow (Chillispaces),
• Every Thursday, our employees meet and enjoy working together at the Puro Hotel in Cracow and Warsaw. There is always an opportunity to eat lunch together and grab some drinks after hours. It would be great if you could visit us every week but if you don't have such an option 3-4 weeks are also fine,
• Every occasion is a good reason for celebration; we organise Christmas parties and company retreats,
• We care about our employees’ health, so you will be provided with medical insurance by Luxmed,
• We offer paid holidays (pssst...we will give you one day off extra for your birthday),
• In addition, once every two months on Friday we close down all comms at Volt - a digital detox. The whole business is officially ordered to take the day off!
• If you want to work in a company with a great, start-up atmosphere, you don’t have to look further :)

Recruitment process

• Selected candidates will be invited for an initial interview with our People & Culture representative. The video meeting will take about 30 minutes,
• Then it’s time for a second interview! The meeting will be conducted by our VP of Risk & Compliance and will last up to 60 minutes,
• Our SVP Compliance would also like to chat with you :) You can expect the meeting to last approximately 30 minutes,
• If successful, you will be given a job offer proposal.

Seems like a place you would like to be a part of? Our Compliance Team is waiting for you!