Anti-Money Laundering Specialist (Onboarding)

Company Description

Transferra empowers businesses with seamless financial solutions through its advanced multi-currency business account. Offering features such as multi-currency IBAN accounts, unlimited Visa debit cards, and local and cross-border payments in over 40 currencies across 180+ countries, Transferra enables easy global transactions. Customers benefit from instant currency exchange at competitive market rates, advanced team management tools, and personalized support from a dedicated Personal Manager. With a fully digital onboarding process, Transferra is committed to modernizing business finances efficiently and effectively.

Role Description

We are seeking a detail-oriented AML Specialist (Onboarding) to join our team in Riga. This role serves as our critical first line of defense, ensuring that only legitimate businesses enter our ecosystem. You will own the end-to-end compliance journey for new clients, conducting deep-dive corporate verifications (KYB), analyzing complex organizational structures, and performing initial risk assessments. If you have a sharp eye for detail and love unraveling intricate corporate webs, this role is for you.

Responsibilities

• Corporate Onboarding (KYB): Review and verify complex corporate documentation, constitutional documents, and intricate Ultimate Beneficial Owner (UBO) structures across various global jurisdictions.
• Identity Verification (KYC): Ensure robust verification of directors, shareholders, and authorized users in accordance with regulatory requirements.
• Initial Risk Assessment: Analyze incoming business models, geographic footprints, and expected transaction volumes to assign accurate initial risk ratings.
• Enhanced Due Diligence (EDD): Conduct deep-dive investigations into high-risk industries or complex corporate setups, meticulously verifying Source of Funds (SoF) and Source of Wealth (SoW).
• Sanction & PEP Screening: Perform real-time screening of new entities and associated individuals against global sanction, PEP, and adverse media lists, effectively managing and resolving alerts.
• Stakeholder Communication: Liaise professionally with prospective clients to gather necessary compliance information, and collaborate closely with the Sales and Support teams to ensure a smooth, low-friction time-to-board.
• Process Optimization: Help fine-tune our fully digital onboarding flow, translating regulatory shifts into automated, user-friendly verification steps.

What We Expect

• Education: Bachelor’s degree in Finance, Law, Economics, or a related field.
• Experience: 1+ years of experience in the AML/Compliance field (prior experience in payment services is highly advantageous).
• Regulatory Knowledge: Strong understanding of AML/CTF regulatory frameworks in the UK and the EU.
• Analytical Skills: Strong ability to evaluate complex data sets and identify subtle irregularities or red flags.
• Communication: Excellent verbal and written English skills to convey findings clearly and concisely.
• Technical Proficiency: Familiarity with modern compliance software, screening tools, and transaction monitoring systems.
• Investigation Expertise: Proven experience with Due Diligence processes and in-depth financial investigations.
• Collaboration: Ability to work proactively in a structured, on-site international team environment.

What We Offer

• Growth: A dynamic work environment designed for professional development and career progression.
• Culture: A fun, collaborative, and results-oriented atmosphere.
• Flexibility: Flexible working hours to support your lifestyle.
• Impact: The opportunity to take part in developing and securing a top-class international business product.

Our Hiring Process

• First Interview: An initial phone call to get to know you.
• Team Interview: A Zoom call with our AML team to discuss technical scenarios.
• Final Decision: A timely conclusion to the process.