Purpose:

The role will be responsible for conducting transaction monitoring, high risk AML and Know Your Customer (KYC) reviews and investigations in addition to supporting Ad hoc projects.

Primary responsibilities:

Key Responsibilities/Accountabilities

• Implement a risk-based compliance monitoring programme from the Compliance Risk Management Plans.
• Co-ordinate the implementation of corrective measures to mitigate identified deficiencies.
• Identify and assess the AML CFT/ Overall compliance and internal control risks and gaps associated with the bank’s activities.
• Entrench AML policies and ensure that appropriate AML procedures are implemented effectively by the bank.
• Make recommendations for the review of policies, procedures, and processes where necessary.
• Filing various Regulatory returns related to AML and CFT with FRC and CBK.
• Conduct targeted reviews to assess compliance with internal policies, procedures and processes.
• Raise awareness and provide training to bank staff on compliance policies.
• Monitoring transactions in light of Anti-Money Laundering (AML) and identifying suspicious transactions for reporting to the MLRO;
• Preparation of suspicious transaction reports for review by the MLRO and onward reporting to the Financial Reporting Centre (FRC) on goAML platform.
• Collecting information to be used in correspondent Bank questionnaires and Development Financial institutions for review and onward forwarding to the Correspondent Banks;
• Assisting in obtaining and updating the Anti-Money Laundering/ Know Your Customer (KYC) information from correspondent Banks as per the requirements of the prudential guidelines
• Assist in the administration and review of customer Risk Scoring, High risk customer Identification and KYC documentation oversight requirements.
• Conducting Periodic Enhanced Due Diligence and review of high risk customers and relationships.
• Handle other duties as assigned to assist with the effective administration of the AML and KYC Compliance Program.

Person specifications

Academic Qualifications

• Bachelor’s degree from a recognized institution.

Experience

• Minimum of 3 years of working experience
• Relevant financial institutional and compliance experience, with exposure to different financial institutional products and business operations.
• Previous knowledge in conducting transaction monitoring reviews, deep dive investigations, Enhance Due Diligence, and reporting of suspicious activities.
• Knowledge on the requirements of the Proceeds of Crime and Anti Money Laundering Act, Prevention of Terrorism Act and CBK prudential Guidelines.

Professional Experience

Professional Certification in AML/CFT will be an added advantage.

Skills and Attributes

• Excellent communication and interpersonal skills.
• Ability to establish priorities, plan, coordinate and monitor own work plan.
• Good understanding of AML\CFT regulatory policies with the ability to apply regulatory concepts in the day-to-day job functions.
• Experience in conducting thorough research on high-risk customers.
• Must possess exceptional research and analytical skills with the ability to analyze data and decipher high risk attributes.