Job Description

Who we are

Yoco was founded in 2015 and now processes over US$2 billion annually. Wexe2x80x99re the payments provider for over 200 000 self-employed, and opening commerce for all. Wexe2x80x99re breaking down barriers and unlocking economic opportunities that enable people to thrive. We have over 350 team members globally, operating across international markets, all with a bias for boldness, and a passion for simple, progressive solutions. We believe in uniting different people to solve hard problems together. Our mission of making society more equal takes a variety of people, with different backgrounds and points of view, so we can keep building solutions that work for and include everyone. Yoco is growing, and as we grow we have compelling challenges ahead of us. Growing means wexe2x80x99re enabling more self-employed people and businesses to thrive every day. It also means that ambitious problem-solvers with big ideas are challenged, stimulated and will thrive at Yoco. We donxe2x80x99t stop pushing, we break things to rebuild, we challenge ourselves and each other. Wexe2x80x99re constantly evolving xe2x80x94 and wexe2x80x99re doing it fast. Grow With Us.

Job purpose

To support the AFC Lead with all AFC-related second-line activities, by performing independent ongoing reviews, submitting STRs to the FIC, and collaborating with internal teams to bring about technological improvements and efficiencies. The MLRO Role is essential to protecting the company from financial crime, compliance and reputational risk.

About the role

• Contribution to AFC Policies: Participate in AFC strategy discussions associated with new products, markets, and operational changes.
• Transaction Monitoring: Monitor transactions, customer profiles, and account activities for suspicious patterns and potential risks, including automated solutions for scalability.
• Suspicious Activity Reporting: Investigate and report any suspicious activities to the Financial Intelligence Centre via goAML, as required by law.
• Regulatory: Stay updated with local and international AML/CTF regulations and guidelines.Compliance: Align Standard Operating Procedures (SOPs) with the companyxe2x80x99s policies.
• Training & Awareness: Develop training material and provide AML/CTF training to employees to raise awareness and contribute to ensuring a culture of ethics and compliance.
• Internal Collaboration: Work closely with internal teams to implement effective risk management strategies and ensure compliance with internal policies.
• Quality Assurance: Perform quality assurance testing of new technologies and/or system enhancements related to AFC, in collaboration with technology teams.
• Ongoing Assessments: Conduct periodic ongoing assessments of operational functions to evaluate the effectiveness of the AML/CTF program and recommend improvements.
• Supporting Responsibilities: Support the AFC Lead by:
  • Serving as the 2IC or AML Compliance Officer designate
  • Acting as an alternate point of contact for regulatory authorities and law enforcement agencies regarding AML/CTF matters.
  • Assisting to conduct ongoing risk assessments to identify vulnerabilities and implement necessary controls.
  • Preparing regular reports on AML/CTF activities and issues to senior management.

About you

• Bachelor's degree in finance, law, business, or a related field.
• A relevant professional certification in AML/CTF (e.g. CAMS or CFCS) is required.
• A minimum of 4 years of relevant experience in AML/CTF compliance within the financial services or fintech sector.
• A thorough understanding of South Africaxe2x80x99s AML/CTF regulations, guidelines, and reporting requirements. An understanding of PASA regulations and card scheme rules is advantageous.
• Strong analytical skills to identify unusual patterns and potential risks.
• Excellent written and verbal communication skills to effectively liaise with internal teams, regulators, and law enforcement agencies.
• Detail-oriented mindset and ability to work independently in a fast-paced environment.
• High ethical standards and commitment to maintaining the highest level of integrity.
• A passion for use of technology and continuous improvement.

The People Wexe2x80x99re Looking For

Wexe2x80x99re looking for people who want to grow. And as Yoco grows we hope they stay with us, long term Building things that make society more equal is a daunting task. And itxe2x80x99s not for everyone. We never stop pushing, we break things to rebuild, and we challenge ourselves and our teammates. We start over, we constantly evolve xe2x80x94 and we do it fast. We know that itxe2x80x99s just the right kind of meaningful madness for our kind of visionary human. So, who are you? Youxe2x80x99re someone who resonates with our mission, but also our values, when it comes to how we work. Youxe2x80x99re a curious problem-solver with a passion for doing good. Youxe2x80x99re bright and grounded, experimental and bold. You play open cards and get stuck in. Youxe2x80x99re not afraid of change. You close the loop. At Yoco, we love to laugh, cherish each otherxe2x80x99s quirks, and be authentic. Find out more about who we are here. Please note that this is a remote-based position and we are open to applications from candidates based in South Africa, the Netherlands, Egypt, Kenya, Zimbabwe, Nigeria, United Arab Emirates and the UK. We encourage applicants from diverse backgrounds to apply and ask that you please send your application in English and help us reduce unconscious bias by leaving out your picture, age, address, and other unnecessary information in your CV.