Anti-Money Laundering (AML) Specialist

About Wolt

At Wolt we create technology that brings joy simplicity and earnings to the neighborhoods of the 2014 we started with delivery of restaurant food. Now were building the delivery of (almost) everything and youll find us in over 500 cities in 30 countries around the 2022 we joined forces with DoorDash and together we keep on dreaming big and expanding across the globe.

Working at Wolt isnt always easy but its definitely exciting. Here youll learn more build more and ship more than in most other companies. Youll be challenged a lot but also have a lot of fun on the way. So if youre a self-starter with drive and entrepreneurial spirit this could be the ride of your life.

What do you get by putting together a team full of great communicators interested in exploring the intricate world of technology and making a positive impact both at Wolt and in the cities that Wolt operates in None other than our very own Tech Support Team a team that plays an incredibly important role as the bridge between our operations and product teams. Today were already over 30 people and now were looking to add one more person to our Anti-Money Laundering (AML) Team in Israel!

How does this role tie into the Tech Support Team you may ask Well the AML Specialist is a relatively new addition to the Tech Support Team drawing inspiration from tireless work the team has done against fraudulent activity across our platforms. This team is closely linked to Tech Supports mission to connect engineering and operations teams and create sensible scalable processes around payment operations and fraud investigations. The Tech Support team has been the trailblazer of managing fraud prevention from an operational perspective ever since 2020 and it is a great pleasure to continue this noble effort through this new and more specialized position.

Specifically an AML Specialist plays a crucial role in ensuring the safety of Wolt and Wolts customers financial integrity by collecting and assessing customer data monitoring and analyzing financial transactions and sanctions exposure in order to identify and prevent potential financial crime activities such as money laundering and terrorism financing

Probably one of the most exciting parts about this is that youll be joining a newly established team with various learning opportunities and possibility to have an impact on Wolts future AML operations! The primary responsibility of the AML Specialist is to assess customer transactions and profiles conduct investigations and ensure compliance with relevant regulations and internal policies.

As for the daily tasks themselves they consist of Transaction Monitoring FIU Reporting Sanction & PEP Screening and Know Your Customer functions. The tasks are rotational and are covered by all team members based on workload and urgency on the functions. Because of this the role gives a 360-degree view to different operative AML tasks during customer relationships lifecycle.

Lastly as part of this role you will be expected to provide support and guidance to Wolts Customer Support teams when theres a need to further review FinCrime related customer cases.

The team oversees the below key responsibilities which are shared amongst the team members - dont worry you dont have to master everything below! But here are the items and responsibilities youd be working with:

Transaction Monitoring:

• Utilize specific internal and external tools to monitor and analyze financial transactions for unusual or suspicious activity.
• Review alerts generated by the monitoring systems and conduct in-depth investigations into potentially suspicious transactions.

Investigation and Analysis:

• Conduct thorough investigations into flagged transactions to determine the legitimacy of the activity.
• Analyze customer accounts transaction patterns and other relevant data to identify potential financial crime risks.
• Collaborate with other stakeholders such as legal and compliance to gather additional information for investigations.
• Provide recommendations for risk mitigation and enhanced due diligence when necessary.

Suspicious Activity/Transaction Reporting:

• Report suspicious activity to Wolts internal FinCrime team and when necessary prepare and file external Suspicious Activity Reports to applicable local Financial Intelligence Units (FIU).
• Ensure accurate and timely reporting in compliance with regulatory requirements.

Compliance and Documentation:

• Ensure compliance with internal policies and external regulatory requirements.
• Maintain detailed records of investigations findings and actions taken.

Know Your Customer:

• Perform high quality Customer Due Diligence on High Risk customer profiles in accordance with KYC requirements
• Contribute to improve KYC data quality on Merchant profiles across Wolt by assisting local markets in Merchant onboarding related questions
• Conduct quality review on KYC profiles
• Workflow management of Ongoing Due Diligence by creating and monitoring batches collecting missing or insufficient data delegate case handling to local teams.
• Ensure business is not conducted with sanctioned entities or individuals

Collaboration:

• Work closely with other AML Process Specialists Wolts FinCrime team and relevant stakeholders to share information and insights.
• Participate in cross-functional teams to enhance AML processes and procedures.

This role is primarily remote but you can either work from the local Wolt office in your Wolt country or fully remotely from your home. Please note that this position does not include relocation to Israel and in order for you to be considered for this role you should already be based in Israel.

Qualifications:

Bachelors degree or other relevant experience in finance business economics or a related field

Strong analytical and investigative skills

Attention to detail and ability to work independently

Excellent communication and report-writing skills in English and Hebrew

Ability to adapt and learn new procedures

If applying internally at least 6 months of work experience at Wolt

Knowledge of AML laws regulations and industry best practices is seen as a plus but is not a hard requirement

In other words since the AML Specialist plays a critical role in maintaining the integrity of the organizations financial systems and ensuring compliance with anti-money laundering regulations the position requires a combination of analytical skills industry knowledge and a commitment to upholding ethical and legal standards.

Additional information

Well close the position as soon as we find the right person so please make sure to apply as soon as you realize you really really want to join us!

Our Commitment to Diversity and Inclusion

Were committed to growing and empowering a more inclusive community within our company industry and cities. Thats why we hire and cultivate diverse teams of people from all backgrounds experiences and perspectives. We believe that true innovation happens when everyone has room at the table and the tools resources and opportunity to excel.