Position: Head of Risk & Verification
Company: PayDo
Category: Other
Experience required: 3y
English level: upper
Published: 2021-11-01T00:00:00+02:00

**Head of Risk and Verification** is responsible for developing and maintaining a risk management framework for Know-Your-Customer (KYC), Customer Due Diligence (CDD), Anti-Money Laundering (AML) processes to ensure pro-efficiently the productivity and quality of the KYC processing.

**Responsibilities**

- Build relationships with relevant internal teams (IT, sales, finance) to ensure that AML queries are responded to in a timely manner and that such teams operate in accordance with the compliance standards;
- Build risk-based KYC, customer onboarding verification, transaction monitoring, and regulatory reporting procedures;
- Lead the implementation of new AML procedures, draft model documents, transaction monitoring tools to detect unusual activity and investigate and report suspicious activity in accordance with regulatory requirements;
- Ensures сustomer sectors specific AML/CDD systems, procedures and standards are in line with our AML/CDD Policy, including local requirement;
- Coordinates with the Board of Directors to address certain high-risk customer escalations or exceptions (e.g., prohibited customers/countries);
- Monitors сustomer sectors CDD risk exposure and tolerances across the customer portfolio;
- Develop Key Performance Indicators (KPIs) system and track team and individual performance;
- Interview candidates to KYC Analyst/Risk managers position;
- Strive for team consensus and win-win situation;
- Conduct capacity planning;
- Develop training plans;
- Develop and track Key Risk Indicators (KRIs);
- Conduct risk assessments and make updates to policies, procedures, and other relevant program documents;
- Lead AML KYC projects and transformation programs that improve operational productivity, manage critical project activities, inter-dependencies, risk components, progress communication, coordination, and collaboration across teams / KYC commitments;
- Oversee QA review and internal audits, coordinate responses to third-party AML and sanctions audits and regulatory queries, and lead remediation efforts of any resulting findings and/or corrective actions in a timely manner;
- Serve as the AML Subject Matter Expert to the business, actively communicating cross-functionally to identify AML gaps, implement controls; provide recommendations, and oversee any resulting corrective actions and program enhancements;
- Prepare reports to the CEO and senior management to communicate all relevant compliance issues and escalate any important or high risk compliance issues.

**Requirements**

**Must have: **
- Minimum 4 years experience working on KYC, CDD or/and AML within an Financial licenced companies;
- 2+ years of people management experience;
- Experience with online-banking AML program management;
- Good knowledge of financial regulatory requirements and AML risk implications; 
- Experience with regulatory and / or KYC related topics demonstrated knowledge of contemporary risk management models, developing KRI’s, assessing control effectiveness, and, developing management and board reporting;
- Proven history of building and maintaining strong relationships and using strong interpersonal skills and ability to gain credibility to build, lead and manage the risk framework;
- Proven professional ethics and integrity;
- Sound judgement and ability to analyse situations and information.

**Nice to have:**
- AML Certification;
- Experience with high risk clients/sectors;
- Experience in licenced financial company;
- Experience in successful passing external audit;
- Experience in international legal settings.

**What we offer:**

- Challenging projects in FinTech and E-Commerce innovative domains
- Up-to-date software tools and approaches
- Being a part of the launch team of the best in class global products
- International team
- Working according to the Agile methodology
- Internal training in FinTech and E-Commerce domains
- Regular individual salary reviews
- Flexible working hours