Compliance Officer / MLRO- Senegal

Job description

**Why Join dLocal?**dLocal is the financial infrastructure powering global commerce in the world's fastest-growing markets. The biggest companies in the world trust us to unlock growth in 60+ countries across emerging markets—moving money where others see complexity. We don't just process payments; we are architects of payment ecosystems and partners in our customers' expansion. You'll work alongside 1,300+ teammates from 40+ nationalities and tackle global challenges from day one. **What's the Opportunity?** We are looking for a Compliance Officer based in Senegal to join our global team. This role is open to the whole of Senegal and plays a crucial part in our banking relationships, local regulatory compliance, and internal reporting. You will serve as the primary compliance contact for all matters within the WAEMU/BCEAO zone. ### What will I be doing? **KYC Onboarding** - Oversee and manage the Know Your Customer (KYC) onboarding process for new customers and update existing ones across Senegal. - Ensure compliance with local and international regulatory requirements related to customer identification and verification, including BCEAO and CENTIF directives. **Transaction Monitoring** - Implement and enhance transaction monitoring systems to detect and report suspicious activities within the Senegalese context. - Conduct periodic reviews and assessments to ensure the effectiveness of transaction monitoring processes. **AML/CFT Compliance** - Serve as the primary point of contact for AML/CFT matters in Senegal. - Possess in-depth knowledge of Anti-Money Laundering (AML) and Counter-Terrorism Financing (CFT) regulations in Senegal, including WAEMU directives, BCEAO instructions, and FATF recommendations. - Develop and enforce AML/CFT policies and procedures tailored to the Senegalese regulatory environment. **Regulatory Compliance** - Stay abreast of the regulatory landscape governing the payments and financial services industry in Senegal and the wider WAEMU/ECOWAS zone. - Interpret and communicate regulatory changes, especially those related to AML/CFT requirements, to relevant stakeholders within the organisation. - Establish and maintain strong relationships with Senegalese regulators, including the BCEAO, Ministry of Finance, CENTIF, and ARTP (for mobile money services). **Remittance Compliance** - Develop and implement compliance procedures specific to domestic and cross-border remittances in Senegal, including key corridors such as West Africa–Europe and intra-ECOWAS transfers. - Ensure adherence to regulatory requirements governing remittance services in the Senegalese market, with particular attention to diaspora and family remittance flows. **Risk Assessments** - Conduct regular risk assessments to identify and mitigate potential compliance risks within the Senegalese and WAEMU context. - Collaborate with other departments to implement risk mitigation strategies. **Reporting** - Report findings and compliance matters related to AML/CFT to different stakeholders in a clear and understandable manner. - Ensure timely and accurate reporting to internal and external stakeholders as required by Senegalese regulations, including suspicious activity reports to CENTIF and BCEAO regulatory filings. **Training and Awareness** - Provide training to staff on compliance policies, procedures, and regulatory requirements, with a specific focus on AML/CFT in the Senegalese market. - Foster a culture of compliance awareness within the organisation. ### What skills do I need? **Education & Certifications** - Bachelor's degree or higher in Law, Finance, Economics, or a related field; a degree from a Senegalese or WAEMU-region institution is an advantage. - Professional certifications are a must: CAMS, ACAMS, ICA, or an equivalent qualification recognised in Francophone Africa. **Experience** - 4–6 years of experience in a compliance role within the banking, fintech, or financial services sector, ideally with exposure to the WAEMU/ECOWAS region. - Proven experience in compliance related to payments, remittances, and mobile financial services (mobile money, Wave, Orange Money, etc.). - Hands-on experience in building or implementing compliance-related automations (e.g., workflows, alerts, reporting systems). - Experience engaging with Senegalese regulators (BCEAO, CENTIF, ARTP) and maintaining positive working relationships is highly desirable. **Technical Knowledge** - In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Senegal and the WAEMU zone. - Familiarity with the regulatory frameworks applicable to payment services in Senegal, including BCEAO regulations on electronic money institutions. - Understanding of the specific dynamics of international remittance corridors into West Africa. **Soft Skills** - Strong analytical and problem-solving skills. - Excellent interpersonal skills and ability to work in a multicultural, international environment. - Fluency in French is required; proficiency in English is a significant advantage; knowledge of Wolof or another local language is appreciated. - Ability to collaborate effectively with global teams in a remote-first environment.