Partner KYC Specialist

About us

Wallester is a cutting-edge financial technology company that specializes in providing innovative solutions for businesses seeking to modernize their payment systems. By offering white-label card issuance platforms, seamless integration with existing infrastructure, and comprehensive support for both digital and physical cards, Wallester empowers companies to enhance their financial services and customer experience. Recognized as a leader in the FinTech space, Wallester has earned a reputation for its state-of-the-art technology, security, and scalability. Whether you are a startup or an established enterprise, Wallester delivers flexible, reliable solutions tailored to meet the evolving needs of the digital economy.

Responsibilities

Partner Due Diligence & Reliance Assessment

• Conduct initial and ongoing due diligence (CDD, EDD, OEDD) on partners operating under the reliance model.
• Assess the adequacy and effectiveness of partners’ AML/CFT, sanctions, governance and reporting frameworks.
• Evaluate partners’ operational capacity, internal controls, staffing model and risk management arrangements.
• Review partners’ policies, procedures and control evidence to ensure they meet regulatory and reliance requirements.
• Perform periodic reviews of high-risk partners and document risk assessments in line with internal methodology.
• Identify deficiencies, request remediation plans, and monitor implementation of corrective actions

Risk Assessment & Monitoring (Operational)

• Assess, in the context of Wallester’s risk appetite, the AML/CFT and sanctions risks associated with partners, products, and business models.
• Evaluate risks arising from new partner onboarding or material changes to existing partnerships.
• Conduct continuous monitoring of high-risk partner relationships.
• Escalate material concerns, suspicious activity indicators, or control failures to the second line of defence in accordance with internal escalation procedures.

Information Gathering & Stakeholder Engagement

• Engage directly with partners via remote channels to obtain documentation, clarifications and updates relating to AML controls and customer due diligence processes.
• Maintain regular contact with internal relationship managers and business stakeholders to ensure an accurate understanding of partner activity and risk exposure.
• Collaborate closely with AML Investigations, Financial Crime Risk & Intelligence, and Compliance teams to address identified risks.

Payment Scheme & Regulatory Awareness (Operational Impact)

• Monitor relevant regulatory developments and payment scheme rule changes to assess operational impact on partner due diligence requirements.
• Assess how regulatory or scheme changes affect reliance arrangements and escalate where framework amendments are required.
• Support the implementation of operational changes necessary to maintain compliant reliance structures.

Documentation & Control Evidence

• eMaintain accurate, complete and audit-ready documentation of all partner due diligence activities and risk assessments.
• Ensure decision-making rationale is clearly recorded and explainable.
• Contribute to internal reporting by providing accurate data and analysis relating to partner risk exposure.

Continuous Improvement

• Contribute to enhancing partner due diligence methodologies and risk assessment tools.
• Participate in training and stay up to date on AML/CFT, sanctions, and reliance-model best practices.
• Support the refinement of internal procedures to strengthen first-line risk ownership.

Requirements:

• A higher education degree in Economics, Business Management, Finance, Law, or a related field is preferred.
• Professional certifications by ACAMS or ICA are advantageous.
• Strong knowledge of AML/CFT and sanctions regulations within a fintech or payments environment.
• Experience assessing third-party or partner AML frameworks.
• Understanding of reliance models under EU/UK AML regulatory regimes.
• Ability to critically analyse complex documentation and control structure
• Strong risk assessment and documentation skills.
• Clear communication and stakeholder management capability.
• High level of professional scepticism and analytical judgement.
• Ability to manage multiple tasks and meet deadlines in a fast-paced environment.

Company offers:

• Competitive salary
• Career opportunities
• Medical Insurance upon the completion of the probationary period
• Supportive and caring Leadership
• A modern office in the center of Tallinn
• A chance to work as part of a highly motivated and talented team
• Referral program
• Stebby
• Company Events
• Free parking