Soma Capital Portfolio Jobs

Analyst, Anti-Financial Crime Compliance (AFCC)



IT, Accounting & Finance, Legal
Seri Kembangan, Selangor, Malaysia
Posted on Wednesday, March 6, 2024

Company Description

Finmo is the next-generation Treasury Operating System (TOS) for global companies built on real-time payments (RTP) rails. Finmo lets you collect money, make payments, manage
cash and liquidity, mitigate financial risks, and comply with financial regulations – all in one place.

Founded in 2021, Finmo Tech is a global platform with headquarters in Singapore and offices in India, Australia, New Zealand and the US and further expansion on the horizon. Finmo Tech is venture backed and founded by a team of payment professionals with 2 decades of experience in building global payments infrastructure and companies.

At Finmo, we don’t believe in hierarchies or titles, but in having the context. By context we mean, company strategy, metrics, assumptions, objectives and role clarity. We appreciate transparency in decisions as well as encourage our people to take thoughtful risks. We believe one does not have to be a people manager to be a leader. There is leadership in whatever role you are in and it's only about how you act and be empathetic towards your work, colleagues and customers.

Job Description

The Analyst, Anti-Financial Crime Compliance will form part of the Global Risk and Compliance (GRC) team to provide support across the business in relation to AFCC operational matters. Reporting to the Senior Manager of AFCC, you would have sound knowledge of AML regulatory requirements and related industry best practices.

You will play a pivotal role in safeguarding our organisation against financial crimes, ensuring compliance with AML regulations and contributing to the overall integrity of our financial systems. You will be responsible for conducting comprehensive reviews of merchant transactions, enhancing AML monitoring processes and ensuring compliance with regulatory requirements. You will collaborate with cross-functional teams to implement the enhancements of AML systems, staying abreast of regulatory development to ensure our organisation remains at the forefront of compliance.

This role requires a solid understanding of AML/CFT practices while working with merchants, third party payment and banking partners in the Fintech and Payments’ space in addition to regulators.

Most importantly, you will be passionate about compliance, with a drive to contribute to and enhance the strong compliance culture and operational excellence across the company.

Key Responsibilities

  • Support Finmo’s compliance efforts across multiple geographies
  • Follow policies and procedures to ensure compliance with regulations, including but not limited to Anti-Money Laundering (AML) and Know Your Business (KYB)
  • Utilise AML monitoring systems to conduct ongoing reviews of customer transactions and identify potential suspicious activities.
  • Investigate alerts generated by the AML monitoring system, conduct thorough analysis of transaction data, and escalate suspicious activities as appropriate.
  • Conduct enhanced due diligence and/or periodical reviews on high-risk customers and ensure compliance with Know Your Business (KYB) requirements.
  • Prepare and file Suspicious Activity Reports (SARs) in accordance with regulatory requirements and internal policies.
  • Maintain accurate and up-to-date records of AML-related activities, including transaction reviews, investigations, and SAR filings.
  • Regularly assess and improve transaction monitoring, screening and regulatory reporting processes to enhance efficiency, reduce turnaround time.
  • Work closely with other cross-functional teams such as Product, Engineering, Onboarding, Operations and to be the Subject Matter Expert for AFCC matters

Required knowledge and experience

  • Minimum 3 years of relevant experience within a financial services/technology firm, financial institutions or card schemes with expertise in transaction monitoring and screening
  • Have sound technical knowledge and experience of APAC regional or Global Compliance requirements including deep understanding of financial institutions, payments, money service businesses, and/or banking compliance, including knowledge of AML/CTF, prudential, data protection, anti-corruption, fraud and consumer protection regulations.
  • Proficiency in using AML monitoring systems and software, with the ability to analyse complex financial data.
  • Excellent analytical and problem-solving skills, with the ability to effectively manage and prioritise multiple tasks.
  • Experience in working hands-on with other cross-functional team leaders, such as onboarding team, product managers, data analysts, operations analysts in improving AFCC processes and systems
  • Possess a “getting-things-done” mindset and demonstrate a strong work ethic as well as a high degree of integrity
  • Methodical and systematic work approach with excellent time management, and possess a continuous improvement mindset.
  • Strong analytical mindset with strong attention to detail, report writing and documenting outcomes of investigations


  • Relevant and relatable experience in Payments / FinTech / Financial Institutions required
  • Familiarity with card acquiring / issuing schemes highly desirable
  • Experience and comfortable in establishing relationships with different departments
  • Excellent verbal and written communication skills
  • Strong project management and execution skills

Additional Information


  • Competitive compensation package.
  • Paid Annual leave along with other statutory leaves.
  • Health Insurance