Senior AML Analyst at LemFi (Formerly Lemonade Finance)

Lemonade Finance (YC S21) is building a neobank for immigrants in North America & Europe. We provide our users with multi-currency accounts that allow them to hold, send, and receive money from Africa in any currency for their business and personal banking needs. There are over 10 million Africans living in North America & Europe who go through hoops and have to pay exorbitant fees to send money to their loved ones. We are constantly fighting for everyday Africans to be able to move their money freely around the world at no cost and with the best exchange rate they can find out there. We launched the first version of the app at the beginning of October 2020 with just the ability to send money. Now, we enable our users to send and receive as well as pay bills for services across the ocean for loved ones. We have also grown to a team of more than 25 people working remotely and living on different continents

The role of Senior AML Analyst, reporting to the Customer Due Diligence (CDD) or Financial Crime Manager, is a fully remote entry-level position within LemFi’s global Compliance team. In this role, you should have general knowledge of standard global AML/CFT compliance program requirements and best practices. The ideal candidate should have a background of 2+ years in AML compliance operations involving know-your-customer (KYC) verification, simplified or enhanced due diligence (EDD), transaction monitoring, or adverse media and sanctions screenings.

Important note: this role will require occasional rotating weekend shifts.

Responsibilities are as follows:

• Assist team leaders with compiling KPIs
• Act as a 1st level escalation point for Analysts
• Review and verify identification and other KYC documentation of individual and business customers at account onboarding;
• Review and decision transaction monitoring alerts
• Review and decision sanction screening alerts
• Review and clear alerts triggered during the KYC verification process, including screenings for politically exposed persons (PEPs), negative news/adverse media, sanctions, and other suspicious activity or red flags;
• Perform first review of potential higher risk customers or customers/activity displaying or indicating red flags, and escalate accounts as necessary to the relevant compliance teams;
• Actively develop and maintain knowledge of AML and criminal trends, methods and typologies, and subsequently applying these to the assessment of customer identification, verification, and behavioral data to identify unusual activity;
• Develop and maintain standard operating procedures and other documentation as needed for CDD-related responsibilities;
• Engage in cross-functional responsibilities and assist the Chief Compliance Officer or CDD Team Lead where needed.

Requirements:

• Four-year degree or equivalent experience;
• 2+ years of experience in a compliance role at a fintech or financial institution;
• Familiarity and experience with daily operational compliance responsibilities such as KYC review, ID verification, EDD and various AML/fraud/sanctions alerts clearing and decisioning;
• The ability to act independently in analyzing a customer’s risk;
• Proficient in Microsoft Office Suite or Google Sheets;
• Excellent analytical, investigative, verbal and written communication skills, particularly in English;
• Exceptional organizational skills and fine attention to detail;
• Ability to balance competing priorities on a daily basis, take ownership of work product in the absence of continuous guidance, and consistently deliver results;
• Adaptability to global operational needs and ability to work in a rapidly changing business and regulatory environment.

Method of Application