Senior Compliance Analyst

📋 Description

• • Verto Inc. is seeking a highly motivated and experienced Senior Compliance Analyst to join our dynamic team in London. At Verto, we are dedicated to democratizing global finance and empowering businesses in Emerging Markets to connect with the world. Our mission is to bridge the gap between emerging and developed markets by providing seamless cross-border payment solutions, addressing the significant challenges businesses face with illiquid currencies, high fees, and slow transactions. Founded by entrepreneurs with deep roots in Africa, we understand the critical need for accessible financial tools and are committed to fostering global economic growth.
• • As a Senior Compliance Analyst, you will play a pivotal role in ensuring Verto adheres to all regulatory requirements, with a strong focus on financial crime prevention, customer due diligence, transaction monitoring, and Anti-Money Laundering (AML) risk assessment. This role is crucial for maintaining the integrity and trustworthiness of our platform as we continue to scale and facilitate billions of dollars in annual transactions for thousands of businesses.
• • Your responsibilities will encompass a wide range of critical compliance functions. You will be tasked with initiating and conducting thorough financial crime investigations, ensuring all cases are resolved within established Service Level Agreements (SLAs) and meticulously documented in line with regulatory standards and Verto’s internal procedures. This involves a deep dive into suspicious activities and the application of robust investigative techniques.
• • A significant part of your role will involve proactive transaction monitoring. You will be responsible for reviewing alerts generated by our systems, assessing the effectiveness of existing monitoring rules, and investigating customer transactions as part of both periodic and event-triggered Know Your Customer (KYC) reviews. This vigilance is key to identifying and mitigating potential financial crime risks.
• • You will also be responsible for drafting Suspicious Activity Reports (SARs) for confirmed suspicious transactions, escalating these to the Money Laundering Reporting Officer (MLRO) or Deputy MLRO (DMLRO) for their expert review. This requires a keen eye for detail and a comprehensive understanding of reporting obligations.
• • A core aspect of this position involves the development and enhancement of compliance procedures. You will need to understand Verto’s business risk appetite and align it with evolving compliance and financial crime requirements. This includes identifying necessary system development requirements and proposing operational process changes to build robust frameworks that support our growth and regulatory obligations.
• • You will contribute to the overall governance of our compliance function, ensuring that all financial crime policies and procedures remain aligned with current regulations and are kept up-to-date. This proactive approach involves flagging any anomalies or potential weaknesses in current processes and recommending improvements.
• • Handling Request for Information (RFI) from banking partners will be another key duty. You will be required to provide detailed, articulate, and timely responses to transactional queries, ensuring clear communication and adherence to agreed SLAs.
• • Furthermore, you will be involved in responding to and managing fraud alerts and indemnities, working swiftly and effectively to address potential threats to our customers and the platform.
• • Collaboration is central to this role. You will work closely with Verto’s Customer Success team to ensure that responses and updates related to compliance matters are provided in a timely, clear, and concise manner, fostering a cohesive approach to customer support and risk management.
• • You will also take ownership and manage the Compliance inbox, ensuring efficient triage and resolution of inquiries, linking relevant issues to Jira tickets where appropriate for tracking and workflow management. This requires strong organizational skills and the ability to prioritize tasks effectively.
• • This role offers a unique opportunity to contribute to a mission-driven company that is making a tangible impact on global finance. You will be part of a high-performance culture that values ownership, collaboration, and continuous improvement. We are backed by world-class investors and recognized for our rapid growth, making this an exciting time to join Verto and help shape the future of cross-border payments.