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. 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'll apply the processes that prevent, identify, investigate and report suspicious transactions or activities that may be related to money laundering, terrorism financing, sanctions violations or 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 unlimited 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 where we are leveraging financial technology to provide accessible, empowering tools. This role is with Oman OFT International, the company providing the Walletii product 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 our screening tools, which help us identify potential sanctions violations and keep track of politically exposed persons (PEPs), and clear or escalate them following defined procedures and regulatory requirements.
• Maintain and update screening logs and properly document findings.

Assisting in transaction monitoring & investigation

• Assisting in monitoring customer transactions for unusual activities of behaviour to identify high-risk triggers and potential points of compromise.
• Gather and analyse 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 threshold for suspicion 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 that helps us continuously improve monitoring processes, scoring, alerting and routines to improve detection
• Review recent news, court documents, and public/private sector papers
• 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 fin crime compliance program, including:

• Support regulatory and partner inspections
• Present and help update employee training in financial crime prevention and detection
• Prepare written investigative reports (for example, investigating indications of suspicious activities and help draft suspicious transaction reports to send to regulators)
• Help conduct reviews of fin crime data, operations and controls to keep them accurate, efficient and compliant
• Help maintain the fin crime policies and procedures
• Understand and advise on the fin crime implications of business and product changes

Key Performance Indicators (KPI's):

Your success in this role will be measures on 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 recordkeeping
• Adherence to policy
• Achievement of personal and professional development targets
• Active contribution to the optimisation, growth and success of OFS

Experience:

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

Minimum Entry Qualifications:

• Minimum 3 years 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