Compliance Analyst

**About Fazz**
- Fazz is an ecosystem of financial services that comprise Fazz (Business account for Southeast Asia), StraitsX (Payments infrastructure for digital assets), and Modal Rakyat (Mutual cooperation funding for MSMEs) founded in 2016, as a result of a merger between PayFazz and Xfers, two Y Combinator alumni based in Southeast Asia.

Fazz provides business accounts that offer seamless payment, savings and credit functionalities, giving businesses equal opportunity to build, run, and grow. We cater to the warung and MSME in Indonesia under the brand Fazz Agen, and fast-growing startups and SMEs in Singapore and Indonesia under the brand Fazz Business.

Fazz’s mission is to make the future of finances accessible for every single business in Southeast Asia, where many MSMEs and the population are still underserved.

**About the Role**
- The role of Compliance Analyst will be a key member in our growing regional Compliance team that will support the growth of our payment processing platform. Working as part of the Compliance team, you will work towards ensuring that Xfers is conducting its business in full compliance with the relevant laws and regulations. You will be exposed to the latest developments in the payments industry and have the chance to learn about new and emerging trends in financial technology.

**What you’ll be doing**:

- Liaise with the internal team and clients to complete the onboarding process independently and in a timely manner.
- Carry out KYC reviews on customer files in compliance with our internal policies, by gathering information gained either from the public domain and/or from clients.
- Able to form an opinion on the conditions for customer acceptance/rejection.
- Able to work with the different business units with regards to the case files and able to communicate effectively on the information required by referring to internal policies and/or regulations.
- Identify potential compliance threats and ideate plans with the compliance manager to prevent and mitigate problems.
- Keep up to date with all latest regulatory developments in financial crime, AML/CFT activities and provide professional advice on AML-related issues for business units
- Carry out periodic review of existing customer files in line with policy to ensure compliance with regulation
- As part of periodic review, review and assess the adequacy/completeness of the KYC information, Source of Wealth narrative and corroboration submitted by existing clients as well as to conduct name screenings
- Understanding of AML regulations (e.g PSN01 or similar) & guidelines relating to name screening.
- Review of name screening alerts independently and efficiently in accordance with internal policy.
- Work with business development teams, customer operations, and across compliance to improve the customer experience, increase automation or improve operational efficiencies
- Review and investigate transaction monitoring alerts generated to identify any money laundering or financial crime cautionary flags
- Consolidate multiple data sets from different sources and analyse the data accurately and efficiently
- Follow up with merchants/ partners to ensure that all the relevant information is available to close transaction monitoring alerts
- Prepare and escalate suspicious transaction reports (STRs)
- Ensure accurate, complete and up-to-date internal documentation to provide evidence of decisions and reasoning based on the facts and the potential ML/FT risk identified
- Any other ad hoc tasks that might be allocated from time to time

**What we're looking for**:

- Possess at least 1 year of experience in compliance work
- Excellent writing and other communication skills
- Prior experience in corporate/ business onboarding & ongoing customer account review will be advantageous
- Problem-solving and decision-making skills
- Must be able to work with various teams in a professional environment
- Ability to work independently with minimum guidance
- Strong attention to detail
- Proficiency in MS Office
- Proactive attitude to issue management and escalation
- You have a keen interest and some knowledge of the payments industry and the latest developments in financial technology

Fazz is an equal-opportunity employer. Individuals seeking employment at Fazz will be considered without regard to race, religion, national origin, age, sex, gender, gender identity, gender expression, sexual orientation, marital status, medical condition, ancestry, physical or mental disability, or any other characteristic protected by applicable laws.