Our mission
We're making Africa the first cashless continent.
In 2017, over half the population in Sub-Saharan Africa had no bank account. That's for good reason—the fees are too high, the closest branch can be miles away, and nobody takes cards. Without access to financial institutions, people are forced to keep their savings under the mattress. Small business owners rely on lenders who charge extortionate rates. Parents spend hours waiting in line to pay school fees in cash.
We're solving this by building financial services that just work: no account fees, instantly available, and accepted everywhere. In places where electricity, water and roads don't always work, you can still send money with Wave. In 2017, we launched a mobile app in Senegal for cash deposit, withdrawal, and peer-to-peer and business payments. Now, we have millions of users across six countries and are growing fast.
Our goal is to make Africa the first cashless continent and that's where you come in...
How you'll help us achieve it
Wave is now the largest financial institution in Senegal, with over 7 million users. And we're still in the early days of our product roadmap and potential impact on people's everyday lives.
As an Onboarding Reviewer, you will be responsible for performing checks and verifications related to identifying business relationships. Your role will ensure compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This position will report directly to our Compliance Officer.
In this role, you'll:
Client Due Diligence (CDD) and Know Your Customer (KYC)
- Verify the identity of new customers through official documents (e.g., ID cards, RCCM, Ninea, articles of association, etc).
- Collect, analyze, and assess client information to ensure compliance with regulatory requirements.
- Review the client's risk profile, including their background, business activities, and financial standing.
- Ensure all documents are properly stored and comply with data protection regulations.
Anti-Money Laundering (AML) Checks
- Screen clients against global sanctions lists, PEP (Politically Exposed Person) lists, and other financial crime databases.
- Identify suspicious activity or behavior and escalate as needed.
- Monitor and report any red flags related to potential money laundering activities.
- Ensure compliance with the relevant AML laws and internal procedures.
Onboarding Documentation and Processes
- Ensure all required documentation for the client onboarding process is collected, complete, and accurate.
- Manage the collection and verification of additional documents, such as proof of address or business registration.
- Ensure all contracts, agreements, and forms meet regulatory and company standards.
Regulatory Compliance Monitoring
- Stay up to date with changes in financial regulations, KYB, and AML rules.
- Implement and update internal compliance policies in line with regulatory changes.
- Report and escalate any issues or concerns regarding compliance during the onboarding process.
Reporting and Documentation
- Maintain accurate records of the client onboarding process, including compliance documentation.
- Document any compliance issues or deviations from standard procedures.
Customer Relationship Management
- Maintain a positive relationship with stakeholders while ensuring all compliance requirements are met.
- Follow up with the teams to collect missing or incomplete information from customers and ensure the process is finalized smoothly.
Key Details
- Location: You'll work from our office in Dakar.
- This is a fixed-term contract (1-year, renewable).
- Our salaries are competitive and calculated using a transparent formula.
- We offer generous health insurance for yourself and your dependents.
- Airtime reimbursement.
- Free food and a beautiful office space.
- We support Airtime reimbursement.
Requirements:
- Minimum a Bachelor's degree in Law, Economics, Business Administration or any comparable topic.
- Proficiency in spoken and written French and English.
- Basic Knowledge of AML/CFT regulations governing the identification of business relationships.
- Good knowledge of the different types of legal entities and the rules governing their constitution or obligations.
You might be a good fit if you
- Have strong computer application skills.
- Possess excellent interpersonal and analytical skills.
- Demonstrate strong organizational skills and adaptability.
- Are self-motivated and able to work effectively under pressure.
- Communicate effectively and frequently, both in writing and in person.
- Are detail-oriented and strive to achieve excellence in everything you do.
- Have a strong sense of teamwork and the ability to maintain discretion.
Our team
- We have a rapidly growing in-country team in Senegal, Côte d'Ivoire, Mali, Burkina Faso, The Gambia, and Uganda, plus remote team members spread across the world.
- We're deeply passionate about our mission of bringing radically affordable financial services to the people who need them most.
- We foster autonomy for our employees. You'll own your projects at every stage, from understanding the problem to monitoring your solution in production.
- We raised the largest Series A in Africa in 2021. Our world-class investors, include Founders Fund, Sequoia Heritage, Stripe, Ribbit Capital, Y Combinator, and Partech Africa.
- We are on Y Combinator's top companies by revenue.
How to apply
Fill out the form below, and upload a resume in English and a cover letter describing your interest in Wave and the role.
We review applications frequently and recommend that you apply to the role that most closely aligns with your skills, experience and career goals.
Wave is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.