JOB PURPOSE

The job holder will responsible for performing AML/CFT/CPF compliance functions. Such functions include implementing the Bank’s AML/CFT/CPF compliance program, conducting investigations, analysis and responding to Money Laundering/ Terrorism Financing/Proliferation Financing (ML/TF/PF) cases, identifying points of compromise and potential loss.

KEY RESPONSIBILITIES AND ACTIVITIES

KEY RESPONSIILITIES

Transaction Monitoring and Reviews

Collaborative Partnerships

Strengthening Risk Management

Reporting

Transaction Monitoring and Reviews

Implement adequate AML/CFT/CPF controls to ensure that all possible areas of AML/CFT/CPF concerns are covered.

Perform regular reviews of all AML/CFT/CPF controls to assess effectiveness. This includes;

• Sanction and Politically Exposed Person (PEP) screening program
• Transaction monitoring program
• Suspicious Activity Reporting (SAR) management program
• Adverse Media mentions review program
• Investigative orders management program

Perform detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across bank’s processes/ customers/ products.

Collaborative Partnerships

Assist in implementing a bank-wide AML/CFT/CPF program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions.

Maintain detailed knowledge of current AML/CFT/CPF regulations and keep track of developments within the AML/CFT/CPF scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.

Maintain strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed

Strengthening Risk Management

Ensure that AML/CFT/CPF procedures and processes are in line with regulatory requirements.

Proactively identify gaps in the assigned reviews, assessments, projects and follow up on implementation of agreed mitigation controls.

Monitor and track closure of management actions from the compliance reviews, regulators’ and External auditors’ reports.

Reporting

Prepare weekly, monthly and quarterly reports on the state of AML/CFT/CPF program to the MLRO

Report control weaknesses or lapses to the manager in a timely manner, recommend mitigation controls or process and policy changes and follow up implementation of agreed actions.

Execution of instructions and any other duties from the Manager Compliance/ Senior Manager Compliance, as assigned from time to time.

DECISION MAKING AUTHORITY

• Closure and escalation of alerts
• Suspicious transaction to be reported
• Appropriate documentation for use in Suspicious Activity or Transaction supporting documents
• Transactions to be marked in the system as suspicious
• Customers to be updated in the blacklist
• Communications to business on awareness on issues and trends noted
• Appropriate remediation action on implementing the Bank’s AML/CFT/CPF program
• Training requirements for the business
• Compliance activities to be monitored
• Sample High-risk accounts to be reviewed.

ACADEMIC BACKGROUND

• Bachelor’s Degree in Business related course or equivalent.
• Anti-Money Laundering Certification.

WORK EXPERIENCE

At least 2 years’ banking experience in AML/CFT/CPF in an Enterprise Risk Management function.

SKILLS & COMPETENCIES

• Knowledge of money laundering techniques and regulations
• Knowledge of regulatory compliance requirements and risk management principles
• Demonstrable analytical skills and Experience in working with Server Query Language (SQL) and analyzing large volumes of data
• Good knowledge of payment services and operations
• Good Organizing and planning skills
• Good knowledge of payment services and operations
• Results oriented, effective communicator and a team player eager to learn and share experiences
• Proficiency in Microsoft Office Applications.

PROFESSIONAL CERTIFICATION REQUIRED

Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (ACAMS).

• Implement adequate AML/CFT/CPF controls to ensure that all possible areas of AML/CFT/CPF concerns are covered.
• Perform regular reviews of all AML/CFT/CPF controls to assess effectiveness. This includes; Sanction and Politically Exposed Person (PEP) screening program, Transaction monitoring program, Suspicious Activity Reporting (SAR) management program, Adverse Media mentions review program, Investigative orders management program.
• Perform detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across bank’s processes/ customers/ products.
• Assist in implementing a bank-wide AML/CFT/CPF program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions.
• Maintain detailed knowledge of current AML/CFT/CPF regulations and keep track of developments within the AML/CFT/CPF scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Maintain strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed
• Ensure that AML/CFT/CPF procedures and processes are in line with regulatory requirements.
• Proactively identify gaps in the assigned reviews, assessments, projects and follow up on implementation of agreed mitigation controls.
• Monitor and track closure of management actions from the compliance reviews, regulators’ and External auditors’ reports.
• Prepare weekly, monthly and quarterly reports on the state of AML/CFT/CPF program to the MLRO
• Report control weaknesses or lapses to the manager in a timely manner, recommend mitigation controls or process and policy changes and follow up implementation of agreed actions.
• Execution of instructions and any other duties from the Manager Compliance/ Senior Manager Compliance, as assigned from time to time.

• Knowledge of money laundering techniques and regulations
• Knowledge of regulatory compliance requirements and risk management principles
• Demonstrable analytical skills and Experience in working with Server Query Language (SQL) and analyzing large volumes of data
• Good knowledge of payment services and operations
• Good Organizing and planning skills
• Results oriented, effective communicator and a team player eager to learn and share experiences
• Proficiency in Microsoft Office Applications.

• Bachelor’s Degree in Business related course or equivalent.
• Anti-Money Laundering Certification.
• Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (ACAMS).