At Sidian Bank, we recognize the significant accountability and inherent risks that an entrepreneur takes to make his ideas and dreams a reality. It is for this reason that our mission is to empower entrepreneurs to create wealth through provision of transformational financial solutions that meet entrepreneurs needs and facilitate growth through convenience and choice.

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.

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

REQUIREMENTS

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)