Sector: Financial Technology
Reports to: Customer Operation Manager
Career Level: 0–2 Years of experience in reconciliation or compliance
Employment Type: Full-time
Qualifications:
- Education: BA in Accounting, Finance, or a related field
- Experience: 0–2 Years of relevant experience
- Certification: Compliance or finance-related training is an advantage
- Minimum CGPA of 3.0 and above
- Must have passed the national exit exam
- For fresh graduates: must have graduated in 2016 E.C or later
About YaYa Wallet:
YaYa Wallet (YaYa PII SC) is a licensed payment instrument issuer providing fast, secure, inclusive, and tailored digital financial services through mobile wallet solutions. Our services include bank transfers, cash-in and cash-out, utility and bill payments, merchant transactions, inward international remittances, and recurring or scheduled payments. As a rapidly growing fintech company, we are seeking a detail-oriented and principled Compliance & Reconciliation Officer strengthen our operational integrity and regulatory adherence.
Job Summary:
The Compliance & Reconciliation Officer is primarily responsible for ensuring the accuracy, completeness, and timeliness of transaction settlement and reconciliation across YaYa Wallet’s ecosystem. The role focuses on reconciling wallet transactions with integrated banks, EthSwitch, and other partners, identifying discrepancies, investigating root causes, and ensuring prompt resolution.
In addition to reconciliation duties, the role supports compliance with applicable laws, regulations, and internal policies governing payment instrument issuers, including AML/CFT requirements. The position plays a key role in safeguarding the company’s financial integrity, operational accuracy, and regulatory standing.
Essential Responsibilities:
- Take full ownership of end-to-end reconciliation of YaYa Wallet transactions across wallet systems, integrated banks, EthSwitch, billers, merchants, and remittance partners.
- Perform daily high-volume transaction reconciliations between Wallet transaction logs, bank settlement statements, Switch (EthSwitch) reports, internal control, and clearing accounts.
- Identify, analyze, and resolve reconciliation breaks, including missing or delayed transactions, duplicate postings, reversals and failed transactions, timing differences, and incorrect settlements.
- Maintain and monitor clearing, settlement, and suspense accounts, ensuring balances are accurate and fully explained.
- Follow up on unsettled transactions and disputes with banks, EthSwitch, and partners to ensure closure within agreed SLAs.
- Monitor and ensure compliance with laws and regulations governing payment instrument issuers, such as AML/CFT regulations, data protection laws, and financial services regulations.
- Maintain knowledge of regulatory developments and assess their impact on company operations.
- Develop, implement, and update internal compliance policies and procedures for the payment instrument industry, ensuring effective dissemination and employee training to promote a compliance-aware culture.
- Conduct regular compliance risk assessments to identify potential vulnerabilities and collaborate with other departments to address them.
- Contribute to the development and revision of compliance policies, procedures, guidelines, standards, and programs.
- Serve as the Money Laundering Reporting Officer (MLRO) or support it, overseeing customer due diligence, enhanced due diligence, and transaction monitoring processes, and implementing effective systems to detect and report suspicious activities.
- Support compliance audits and investigations, conducting internal investigations into suspected violations and recommending corrective actions.
- Foster stakeholder collaboration across legal, finance, IT, and other teams to ensure compliance and provide strategic advice on compliance-related matters.
- Conduct an assessment of new wallet products and services of the company to ensure compliance with laws and NBE directives.
Essential Skills:
- Strong analytical and problem-solving skills
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Strong attention to detail and ability to work independently.
- Knowledge of financial systems
- Ability to work under pressure
- Good communication skills
Salary:
- Salary as per the company scale.
Evaluations:
Please ensure your application addresses all position qualifications, including education, experience, and required skills.
Closing date: April 15, 2025
Join us at YaYa Wallet and be part of a team that is transforming the way people manage their finances! We look forward to seeing how you can contribute to our success!