Analyst, Sanctions & Watchlist Compliance at Flutterwave – Lekki, Lagos, Nigeria

Job Description

The Role: 

As an Analyst, Sanctions & Watchlist Compliance, you will contribute towards ensuring compliance with applicable sanctions regulatory requirements. This role will ensure effective implementation of Flutterwave’s Sanctions Program in close coordination with the VP Compliance and Risk Operations  inclusive of a robust control environment. The Sanctions & Watchlist Compliance Analyst will be involved in all aspects of the screening and reporting processes, including list management, screening, and reporting

Responsibilities include, but are not limited to:

  • Contribute towards the implementation of the strategies, policies, and design procedures for Flutterwave’s Sanctions Program.
  • Manage the Watchlist (Sanctions, PEP, Adverse Media) Screening program globally.
  • Ensure customers are screened and dispositioned against list updates in a timely manner.
  • Ensure all products and services are effectively screened against watchlists and dispositioned in addition to providing a risk assessment and guidance when launching new products to ensure product compliance with screening requirements.
  • Ensure any necessary sanctions-related reporting to regulators is filed in a timely manner in accordance with regulations.
  • Provide strategic sanctions related advisory to the business.
  • Escalate PEP and negative news related matches to relevant stakeholders for review and action.
  • Monitor, evaluate, and report on the effectiveness of global and regional sanction compliance policy, procedures, processes, systems, and technologies, making recommendations for improvements and implementing necessary changes.
  • Track various sanction and watchlist compliance monitoring metrics, key performance indicators, key risk indicators, and key control indicators to ensure consistent framework, standards, and risk tolerances are followed across regional jurisdictions.
  • Facilitate consistency in screening across jurisdictions.
  • Establish and maintain strong relationships with internal stakeholders with relevant subject matter expertise to stay updated on global and regional compliance regulations, best practices, and emerging trends.
  • Collaborate with cross-functional teams, including Legal, Professional Services, Risk Management, and Operations, to drive Sanction Program initiatives, resolve issues, implement controls, and suggest enhancements.
  • Ensure appropriate escalation of identified compliance issues to relevant stakeholders and senior management.

Minimum Requirements Required to be a Waver

  • Bachelor’s degree in financial management or Investment Management, Business Management, Commerce, Commerce in Business Innovation and Entrepreneurship, or a related field. Advanced degree preferred.
  • Minimum of 1 year working experience in Sanction Compliance Programs, preferably in the payment industry.
  • Knowledge of sanctions requirements globally.
  • In-depth knowledge of risk-management principles and procedures.
  • Excellent analytical, problem-solving, and decision-making abilities.
  • Effective communication and presentation skills, with the ability to influence and collaborate with stakeholders
  • Experience with sanctions and other name screening systems and technologies
  • Experience in change management, such as list management governance.
  • Ability to navigate complex regulatory environments and adapt to changing regulations.
  • Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) is an added advantage