Financial Crime Compliance Associate

This role is open to Omani Nationals only.

Purpose:

The Financial Crime Compliance Operations (FCC Ops) team helps us meet our compliance obligations, act responsibly as a player in the broader financial ecosystem, and protect our customers from harm. The Financial Crime Compliance Associate plays a critical role in protecting Ooredoo Money and its customers from financial fraud and illegal activities. As an FCC Associate, you will help protect our company and customers from financial crimes like money laundering and fraud, safeguarding OFS's reputation and financial integrity. You will apply processes that prevent, identify, investigate, and report suspicious transactions or activities related to money laundering, terrorism financing, sanctions violations, fraud, and other financial crimes.

Context:

Ooredoo Fintech is an innovative and dynamic start-up fintech company. We offer the heritage and stability of a hugely successful founding group combined with the ambition and passion of a talented team building intuitive, secure, and convenient money management and payment tools for everyday people. Working with us presents a unique and exciting opportunity to make a difference and be part of a revolution leveraging financial technology to provide accessible, empowering tools. This role is with Oman OFT International, the company providing the Wallet iiproduct in Oman, a payment service regulated by the Central Bank of Oman.

Role Accountabilities:

• Supporting "Know Your Customer" screening for AML and sanctions compliance
• Review alerts generated by screening tools, identify potential sanctions violations, and keep track of politically exposed persons (PEPs), then clear or escalate them following defined procedures and regulatory requirements.
• Maintain and update screening logs and properly document findings.

Assisting in transaction monitoring & investigation

• Assist in monitoring customer transactions for unusual activities or behavior to identify high-risk triggers and potential points of compromise.
• Gather and analyze data for potential pattern identification.
• Maintain accurate records of all activities, investigations, and decisions taken.

Supporting the creation and submission of Suspicious Transaction Reports (STRs)

• Identify transactions that meet the suspicion threshold and gather supporting documentation.
• Assist senior compliance personnel in analyzing data and drafting STRs with detailed justifications.
• Maintain accurate records of activities, investigations, and decisions taken.

Help with horizon scanning and program improvement

• Share feedback to help us continuously improve monitoring processes, scoring, alerting, and routines to enhance detection.
• Review recent news, court documents, and public/private sector whitepapers.
• Support employee background checks and vendor or partner due diligence.

As you grow in the role, you may be asked to support tasks that help us assess and improve the financial crime compliance program, including:

• Supporting regulatory and partner inspections.
• Presenting and helping update employee training in financial crime prevention and detection.
• Preparing written investigative reports (e.g., investigating indications of suspicious activities and helping draft suspicious transaction reports to regulators).
• Helping conduct reviews of financial crime data, operations, and controls to keep them accurate, efficient, and compliant.
• Helping maintain the financial crime policies and procedures.
• Understanding and advising on the implications of business and product changes related to financial crime.

Key Performance Indicators (KPIs):

Your success in this role will be measured by a combination of qualitative and quantitative factors, for example:

• Achievement of target completion rates for screening, alert clearance, and investigations.
• Accuracy of actions taken.
• Quality and completeness of record-keeping.
• Adherence to policy.
• Achievement of personal and professional development targets.
• Active contribution to the optimization, growth, and success of OFS.

Experience:

• Demonstrated understanding of AML/CTF, fraud, and related financial crime areas (or membership in a compliance-related professional association like ACAMS).
• Basic understanding of financial services business models, fintech products, regulators, and other key stakeholders.
• Strong writing skills.

Minimum Entry Qualifications:

• Minimum 3 years of experience in a financial crime compliance role.
• Fluency in English required.

Personal Profile:

• Ability to work in the dynamic and fast-paced environment of a fintech start-up.
• Enthusiasm for and comfort with technology and an online, collaborative way of working, with an eye for continuous improvement, automation, and efficiency.
• An eye for detail, excellent analytical capabilities, and an emphasis on quality and accuracy.
• A team player, solution-oriented, and pragmatic mindset.