Xendit provides payment infrastructure across Southeast Asia, with a focus on Indonesia, the Philippines and Malaysia. We process payments, power marketplaces, disburse payroll and loans, provide KYC solutions, prevent fraud, and help businesses grow exponentially. We serve our customers by providing a suite of world-class APIs, eCommerce platform integrations, and easy to use applications for individual entrepreneurs, SMEs, and enterprises alike.
Our main focus is building the most advanced payment rails for Southeast Asia, with a clear goal in mind — to make payments across and within SEA simple, secure and easy for everyone. We serve thousands of businesses ranging from SMEs to multinational enterprises, and process millions of transactions monthly. We’ve been growing rapidly since our inception in 2015, onboarding hundreds of new customers every month, and backed by global top-10 VCs. We’re proud to be featured on among the fastest growing companies by Y-Combinator.
About the Job
As a Financial Crime/AML Analyst at Xendit PH, you will play a critical role in safeguarding integrity of our products and services by identifying, investigating, and escalating potential financial crime risks. You will be responsible for ensuring compliance with PH Anti-Money Laundering laws, Bangko Sentral ng Pilipinas (BSP) regulations, and internal financial chrome risk policies. You will help build a robust and scalable financial crime compliance function to support Xendit PH’s fast growing payments ecosystem.
Minimum Qualifications
- At least 3 years of working experience, preferably within the banking or financial services industry
- Preferably exposed to compliance function or AML operations
- Professional certifications are preferred but not required
- Excellent oral and written communication skills are required to be able to communicate with all partners
- Technical skills / systems knowledge (e.g. Microsoft and Peoplesoft) is preferred
- Knowledge of applicable laws and regulations, usually acquired through formal education or experience, is preferred to review Compliance policies and procedures in order to ensure their adequacy and to monitor compliance
- Analytical and communication skills required to analyze and summarize information
Preferred Qualifications
- High integrity and professional skepticism.
- Ability to work independently and collaboratively in a fast-paced environment.
- Detail-oriented and process-driven mindset.
- Proactive in identifying gaps and proposing improvements in Fincrime/AML compliance processes.
Responsibilities
- Perform day to day monitoring of transactions to detect patterns and activities indicative of money laundering, terrorist financing, fraud, or other financial crimes.
- Review disposition alerts generated by the transaction monitoring system, documenting rationale and decisions.
- Support the preparation and timely submission of Suspicious Transaction Reports (STR) and Covered Transaction Reports (CTR) to the Anti-Money Laundering Council (AMLC).
- Conduct customer diligence (CDD) and Enhanced Due Diligence (EDD) reviews for high-risk customers, merchants, and third-party partners, in accordance with BSP and AMLC requirements.
- Monitor and review screening results for sanctions, PEP, and adverse media hits; escalate potential matches for review and action.
- Coordinate with cross-functional teams (e.g. Risk, Product, Legal, Onboarding) on financial crime-related reviews and investigations.
- Maintain accurate records of investigations, escalations and regulatory submissions.
- Assist in regulatory audits and internal reviews related to AML and financial crime compliance.
- Stay abreast of emerging typologies, red flags, and changes in local and international AML/CFT regulations (e.g. BSP Circular Nos. 706,1022, 1122, etc)
- Support continuous enhancement of Xendit PH’s financial crime policies, procedures and systems.
- Lead the review of transaction monitoring parameters with the Risk team to identify new parameters based on AMLC guidelines.
- Assist in Fincrime and AML specific projects across all lines of businesses in Xendit PH.
