AML Lead

Xendit
provides payment infrastructure across Southeast Asia, with a focus on Indonesia, the Philippines and Malaysia. We process payments, power marketplaces, disburse payroll and loans, provide KYC solutions, prevent fraud, and help businesses grow exponentially. We serve our customers by providing a suite of world-class APIs, eCommerce platform integrations, and easy to use applications for individual entrepreneurs, SMEs, and enterprises alike.

Our main focus is building the most advanced payment rails for Southeast Asia, with a clear goal in mind — to make payments across and within SEA simple, secure and easy for everyone. We serve thousands of businesses ranging from SMEs to multinational enterprises, and process millions of transactions monthly. We've been growing rapidly since our inception in 2015, onboarding hundreds of new customers every month, and
backed by global top-10 VCs
. We're proud to be featured on among the fastest growing companies by
Y-Combinator
.

About the Job

In this business critical position, you will assist the Chief Compliance Officer in ensuring the bank is compliant with applicable laws, regulations, and internal policies. The AML Lead essentially acts as representative of the Risk and Compliance Office as an advisor and drives the implementation of the Money Laundering and Terrorist Financing Prevention Program, ensuring the company is compliant to all AML/CTF rules and regulations.

Qualifications

• At least 3 years of working experience, preferably within the banking or financial services industry
• Preferably exposed to compliance function or AML operations
• Excellent oral and written communication skills are required to be able to communicate with all partners
• Knowledge of applicable laws and regulations, usually acquired through formal education or experience, is preferred to review Compliance policies and procedures in order to ensure their adequacy and to monitor compliance
• Analytical and communication skills required to analyze and summarize information

Responsibilities

• Responsible in developing, implementing, maintaining and enhancing the AML/CFT policies, procedures, and controls of the bank and test compliance with AML rules and regulations
• Creation and regular updating of AML/CFT related policies and procedures including doing gap analysis on newly issued circulars and guidance
• Issue guidance, memo and advisories related to AML/CFT
• Ensure compliance with AML related observations raised by internal and group audit and other regulatory bodies
• Good grasp of Fintech and payments services such as but not limited to remittance, payments acceptance and e-wallets
• Strong technical, analytical, and (written and verbal) communication skills.
• Excellent aptitude for research and data analysis.
• Methodical approach with high attention to detail and ability to work independently and as part of a team.
• Ability to identify, analyze and assess, and remediate AML risks.
• Lead the development, review and implementation of Xendit AML/CFT policies, procedures and risk assessment.
• Liaise with the Risk and Dev team in developing/updating/analysis of the Transaction Monitoring System.
• Supervise investigations on unusual or suspicious transactions and ensure timely filing of STR/CTR with the AMLC via the AMLC Portal.
• Investigate and resolve screening alerts, coordinating with business teams and legal as needed.
• Support high-risk customers reviews and approve EDD cases when required.
• Ensure awareness of red flags, typologies and internal reporting procedures.
• Act as the key liaison with AMLC.
• Lead remediation of regulatory findings and action plans related to financial crime.