Associate - Compliance Screening

Title: Associate Location: Bangalore Role overview: A successful Sanction Screening Associate ensures that their organization remains compliant with all sanction requirements, helps mitigate legal and financial risks, and contributes to a secure and trustworthy financial environment. How you will create impact: - Sanctions Screening Program Management: Oversee day-to-day operations related to the Sanctions Screening program, including collaboration with compliance officers to meet company goals. - Investigation and Analysis: Conduct investigations and analysis to make compliance decisions, including identifying red flags for escalation based on a risk-based approach. - Screening and Escalation: Screen customers against sanctions lists, perform PEP (Politically Exposed Persons) and adverse media screening, and escalate confirmed or suspicious findings. - Use of Compliance Tools: Conduct manual screening using tools like LexisNexis and adhere to payment compliance obligations. - Alert Review and Reporting: Review alerts related to illegal activity, global watch lists, and trade sanctions, ensuring alignment with the selected sanction list. - Regulatory Adherence: Follow global regulatory guidelines, including KYC, KYB, CFT, and PMLA (Prevention of Money Laundering Act) 2002. - Due Diligence and Risk Assessment: Perform initial and ongoing due diligence and risk assessments of accounts and partners, following a risk-based approach. - Collaboration with Regional Teams: Liaise with partner compliance teams and Regional Compliance Officers, addressing vulnerabilities and escalating risks. Essential qualifications: - Excellent communication skills, both verbal and written, with the ability to interact confidently and professionally with customers and internal stakeholders. - 1 to 3 years of professional experience in Compliance, Audit, or Forensic Investigations, preferably in the fintech or payment industry. - Ability to work independently and collaboratively in a fast-paced environment, prioritizing tasks effectively and meeting deadlines consistently. Interview rounds & assessments: Table for Two: A brief chat with one of our Recruiters to assess your foundational competencies and provide an overview of TerraPay. Beyond the Bio: A discussion with an SME or the RM to evaluate your role-specific knowledge, problem-solving abilities, and gain a deeper understanding of the company and team dynamics. Manager Meetup: A comprehensive discussion about the role and responsibilities, expectations, and mapping out potential career growth. Why TerraPay: TerraPay is a global money movement player on a mission to build a borderless financial world. We believe payments should be instant, reliable, transparent, seamless, and fully compliant. Registered and regulated across 31 global markets, we are a leading payments partner for banks, mobile wallets, money transfer operators, merchants, and financial institutions. We are proud to be a twice-certified Great Place to Work and were featured in the 2023 CB Insights Fintech 100 and the 2024 Financial Times 1000 lists. Read more about TerraPay here. Our culture & core values: At TerraPay, we don’t just talk about our values—we live by them. Humility, ownership & responsibility, entrepreneurship, global citizenship, and trusting empowerment are the principles that guide everything we do. If you’re looking for a career that offers abundant opportunities for innovation and a culture of excellence, TerraPay is the place to be. With comprehensive healthcare benefits, cab facilities for our India-based employees, and a generous leave policy, we’ve got you covered. Join us in one of our 10 offices worldwide and collaborate with a diverse team representing 40+ nationalities. Explore more vacancies here. Click here to see what our employees feel about TerraPay. Stay connected with TerraPay on LinkedIn.