Compliance Officer / MLRO- Senegal

dLocal is the financial infrastructure powering global commerce in the world's fastest-growing markets. 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.

Responsibilities

Serve as the primary compliance contact for all matters within the WAEMU/BCEAO zone; 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; 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; 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; 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 to relevant stakeholders; Establish and maintain strong relationships with Senegalese regulators, including BCEAO, Ministry of Finance, CENTIF, and ARTP; Develop and implement compliance procedures specific to domestic and cross-border remittances in Senegal; Ensure adherence to regulatory requirements governing remittance services in the Senegalese market; Conduct regular risk assessments to identify and mitigate potential compliance risks; Collaborate with other departments to implement risk mitigation strategies; Report findings and compliance matters related to AML/CFT to stakeholders; Ensure timely and accurate reporting to internal and external stakeholders, including suspicious activity reports to CENTIF and BCEAO regulatory filings; Provide training to staff on compliance policies, procedures, and regulatory requirements; Foster a culture of compliance awareness within the organisation

Requirements

Bachelor's degree or higher in Law, Finance, Economics, or a related field; Professional certifications are a must: CAMS, ACAMS, ICA, or an equivalent qualification recognised in Francophone Africa; 4–6 years of experience in a compliance role within the banking, fintech, or financial services sector; 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); In-depth knowledge of KYC processes, transaction monitoring, and AML/CFT regulations in Senegal and the WAEMU zone; Familiarity with 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; Strong analytical and problem-solving skills; Excellent interpersonal skills and ability to work in a multicultural, international environment; Fluency in French is required; Ability to collaborate effectively with global teams in a remote-first environment

Nice to have

Degree from a Senegalese or WAEMU-region institution; Exposure to the WAEMU/ECOWAS region; Experience engaging with Senegalese regulators (BCEAO, CENTIF, ARTP) and maintaining positive working relationships; Proficiency in English; Knowledge of Wolof or another local language

Benefits

Tailored benefits for each country; Flexibility in how you work with flexible schedules and in-person connection in collaboration hubs; Work in the fintech industry; Referral bonus program; Work From Anywhere - team members can work while traveling for up to 3 months every year