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AVP, Sanctions & Watchlist Compliance



London, UK
Posted on Wednesday, September 13, 2023

Flutterwave was founded on the principle that every African must be able to participate and thrive in the global economy. To achieve this objective, we have built a trusted payment infrastructure that allows consumers and businesses (African and International) make and receive payments in a convenient borderless manner.

The Role: The Sanctions & Watchlist Compliance Manager will be responsible ensuring compliance with applicable sanctions regulatory requirements. This role will design and ensure effective implementation of Flutterwave’s Sanctions Program in close coordination with the Global Chief Compliance Officer, inclusive of a robust control environment. The Sanctions & Watchlist Compliance Manager will be responsible for all aspects of the screening and reporting processes, including list management, screening, and reporting. This role is also responsible for the screening and dispositioning of other watchlist screening, such as negative news, politically exposed persons screening, and internal watchlists, incorporating this screening into Flutterwave’s broader Compliance Program. This role will report into the Global Chief Compliance Officer.

Responsibilities include, but are not limited to:

  • Oversee and implement the strategies, policies, and design procedures for Flutterwave’s Sanctions Program. Responsible for designing a Sanctions program compliant with all regulations applicable to Flutterwave’s operations.
  • Manage the Watchlist (Sanctions, PEP, Adverse Media) Screening program globally.
  • Assess whether the organization is appropriately staffed and resourced to execute sanctions-related controls and escalate appropriately.
  • Oversee sanction list management in addition to management of policies and procedures to ensure customers are screened and dispositioned against list updates in a timely manner.
  • Ensure all products and services are effectively screened against watchlists and dispositioned in addition to providing a risk assessment and guidance when launching new products to ensure product compliance with screening requirements.
  • Ensure any necessary sanctions-related reporting to regulators is filed in a timely manner in accordance with regulations.
  • Provide strategic sanctions related advisory to the business.
  • Provide subject matter advisory to sanctions screening systems changes, including list changes, fuzzy logic changes, etc.
  • Escalate PEP and negative news related matches to relevant stakeholders (i.e., regional CCOs) for review and action.
  • Monitor, evaluate, and report on the effectiveness of global and regional sanction compliance policy, procedures, processes, systems, and technologies, making recommendations for improvements and implementing necessary changes.
  • Develop and track various sanction and watchlist compliance monitoring metrics, key performance indicators, key risk indicators, and key control indicators to ensure consistent framework, standards, and risk tolerances are followed across regional jurisdictions.
  • Facilitate consistency in screening across jurisdictions.
  • Establish and maintain strong relationships with internal stakeholders with relevant subject matter expertise to stay updated on global and regional compliance regulations, best practices, and emerging trends.
  • Collaborate with cross-functional teams, including Legal, Professional Services, Risk Management, and Operations, to drive Sanction Program initiatives, resolve issues, implement controls, and suggest enhancements.
  • Facilitating professional growth by providing guidance, training, and mentorship to Sanction Program professionals.
  • Assist with recruiting, hiring, and training of qualified, competent Sanctions and Watchlist screening professionals.
  • Ensure appropriate escalation of identified compliance issues to relevant stakeholders and senior management.

Minimum Requirements Required to be a Waver

  • Bachelor's degree in Financial Management or Investment Management, Business Management, Commerce, Commerce in Business Innovation and Entrepreneurship, or a related field. Advanced degree preferred.
  • Minimum of 12 to 15 years of experience in a leadership and oversight role over Sanction Compliance Programs, preferably in the payment industry.
  • Robust knowledge of sanctions requirements globally.
  • In-depth knowledge of risk-management principles and procedures.
  • Proven track record of successfully managing a Sanction Compliance Program or similar compliance function in regard to implementing best practices and driving process improvements.
  • Strong leadership skills with experience in managing and developing high-performing teams.
  • Excellent analytical, problem-solving, and decision-making abilities.
  • Effective communication and presentation skills, with the ability to influence and collaborate with stakeholders at all levels.
  • Experience with sanctions and other name screening systems and technologies, with experience overseeing vendor relationships.
  • Experienced in change management oversight, such as list management governance.
  • Ability to navigate complex regulatory environments and adapt to changing regulations.
  • Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) are highly desirable.

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