JOB TITLE: COMPLIANCE OFFICER

JOB PURPOSE

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

KEY RESPONSIBILITIES

  • Transaction Monitoring and Reviews
  • Collaborative Partnerships
  • Strengthening Risk Management
  • Reporting 
  • Risk & Compliance

 

MAIN ACTIVITIES

Transaction Monitoring and Reviews

  • Implement adequate AML,CTF and 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
  • Customer and Enhanced Due Diligence program
  • Suspicious Activity/Transaction Reporting (SAR/STR) 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 regular 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.
  • Co – operate fully with regulators and law enforcement agents and make available required documents and information.

 

Risk & Compliance

  • Attend training and maintain knowledge of and comply with all bank policies and procedures including Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules and regulations.
  • Participate or undertake Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing bank programs on a regular basis e.g. taking attestations, self-assessment tests, filling in compliance questionnaires as required
  • Comply and not to knowingly participate or assist in any violation of Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules, regulations or internal policies, procedure and guidelines.
  • Report suspected money laundering cases to their respective heads of units or to the Money Laundering Reporting Officer as soon as such incidents occur immediately with a clear basis of suspicion   
  • Avoid Misrepresentation and Malicious Reporting – knowingly making a false, fictitious or fraudulent representation e.g. statement, report, document.
  • Avoid Tipping Off customers being investigated so as not to knowingly prejudice an investigation by disclosing information.
  • Not provide advice or other assistance to individuals who attempt to violate or avoid Anti Money Laundering/Countering Financing of Terrorism/Countering Proliferation Financing laws, rules, regulations or corporate policies.
  • Co – operate fully with regulators and law enforcement agents and make available required documents and information.

 

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 banks AML/CFT/CPF program
  • Training requirements for the business 
  • Compliance activities to be monitored 
  • 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 4 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

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

 

HOW TO APPLY  Fill in the job application form below.