AML & Merchant Risk Analyst

  • Trustly
  • Sliema, Malta
  • Mar 25, 2022
Full time Risk

Job Description

About Trustly: At Trustly, we envision a world in which paying directly from your online bank account is fast, simple and secure. Today, we support 29 European countries and our payment solutions attract global merchants in four main segments: e-commerce, travel, financial services and online gaming. In 2016, we processed €3.2B in payments and today we process more than 2.5 million monthly transactions. We are a team of 170+ people and are headquartered in Stockholm, Sweden, with regional offices in Spain, Malta, Germany and the UK. We are a young, dynamic and fast-growing company leading the development of the payments industry, and the work you’ll do here will make a great impact. About the Underwriting Team at Trustly: The main purpose of the Underwriting team is to review and perform due diligence and risk assessment of prospects delivered by the Sales team. The team is part of the larger AML & Merchant Risk team, which is responsible for customer risk assessment from an AML/CFT perspective, sanction screening and PEP controls, CDD procedures, transaction screening, monitoring and reporting (SAR). This is an efficient team all based in Sliema. About the role: Due to rapid growth and our desire to maintain a high level of internal service, we are hiring an AML & Merchant Risk Analyst. In this role, you will be primarily responsible for conducting CDD on prospective clients (corporate/institutional) in accordance with Trustly’s AML/CFT Programme. You will work hard to gain a clear understanding of prospect’s line of business and purpose of business relationship with Trustly, regulatory/licensing requirements, money flows and organizational structure. You will work closely with our Sales and Tech (service integration) teams as well as our Compliance department and will report directly to the Head of AML and Merchant Risk.

What you will do:

  • Ensure that the CDD documentation submitted is accurate and complete
  • Conduct investigations using internal and external sources to independently verify submitted CDD documentation or complete missing pieces
  • Communicate with Sales department and sometimes with the prospect directly to clarify or acquire missing information
  • Perform sanctions and PEP screening using internal tools
  • Conduct enhanced due diligence using internal and external sources
  • Perform adverse media research
  • Compile and maintain customer profiles, document key findings and rationale
  • Keep all relevant internal records up-to-date
  • Escalate internally when necessary and take part in further internal discussions
  • Conduct risk-based follow-up CDD whenever necessary

The ideal candidate will possess:

  • 2+ years of corporate and institutional customer due diligence, underwriting or boarding experience in the regulated environment, corporate banking or financial services
  • Strong knowledge of EU regulatory landscape
  • Critical/analytical thinking; ability to prioritize and differentiate between what is a distraction and what really matters
  • Ability to work under pressure in a rapidly changing, high-growth environment
  • Ability to make a rational decision considering relevant risks and take responsibility for such decisions
  • Highest ethical standards
  • Spotless reputation (background checks, police conduct record and bank reference is a must)
  • Ability to work independently under minimal supervision when necessary
  • Attention to detail, natural curiosity and desire to drill down to the root of the matter
  • Highly organized and cooperative skills
  • Superb verbal and written command of the English language
  • Knowledge of SQL considered an advantage