Job Description: Responsibilities & Requirements
WHAT WILL YOUR ROLE BE?
You will work within the Risk Department to:
Contribute to utilizing various tools in the detection, screening, and monitoring of all systems, and processes to ensure compliance with BoG/FIC guides, FATF Recommendations, and AML regulations. The role holder shall be responsible for preparing reviews as well as submitting regulatory reports.
MAIN RESPONSIBILITIES
- Perform reviews of client account openings, identify breaches, and liaise with business units to ensure compliance with KYC procedures.
- Assist branches and other units to resolve difficult AML/CFT issues and take necessary steps to ensure corrective measures.
- Performing daily monitoring and screening of transactions to identify suspicious transactions to ensure compliance.
- Conduct regulatory monitoring to ensure that all new developments are incorporated into the Company’s policies.
- Assist in the development and review of existing policies and procedures.
- Review of ex-post controls on remittances to ensure that all reflags are identified and addressed timeously.
- Assist branches in conducting due diligence on transactions as may be required.
- Continuously review institutional AML/CFT risk assessment based on changes of risk levels.
- Perform updates of sanctions, black and watchlist, and PEPs as may be required.
- Support in the development of AML/CFT risk assessment framework
- Develop an internal watchlist and monitor to ensure that only desirable persons transact business with the Company.
- Support and monitor the implementation of control measures in all business units to mitigate the risk of AML/CFT
- Evaluate AML/CFT information received from all business units to continuous improvement in controls.
- Conduct self-assessment and work with different departments to follow up closure of gaps identified.
- Assess the regulatory risks of new business initiatives, regulatory interventions, and changes to the financial environment.
- Ensure all management personnel and staff are fully knowledgeable of the risks involved and about their responsibilities concerning AML-CFT.
- Meet all regulatory requirements and recommendations for anti-money laundering compliance. Co-operate with any lawful requests for information by government agencies during their investigations.
- Provide periodic reviews as well as timely updates to implement changes in regulations.
- Support the AMLRO to provide training on AML/CFT Topics
- Liaise with third parties to perform on issues related to remittances and general AML/CFT.
- Attend workshops organized by Savings and Loans Association, BoG, and FIC to keep abreast with current trends in AML/CFT
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REPORTING
- Prepare monthly, and quarterly reports including data capture, self-risk assessment and other reports as may be required Produce ad hoc reports for review.
OTHER ASSIGNMENTS
- Any other assignment assigned by the Head of Department.
CHALLENGES
- Obtaining information from different units on time could be a challenge for this position.
Profile:
You have a:
- Degree in Any field.
- ACAMS qualification desirable
- Minimum 3 to 5 years experience as an AML/CFT function in a financial services industry
- Familiarity with operational, financial, and quality assurance procedures and regulations is a must.
- Knowledge of statistics and experience using statistical packages for analyzing datasets (Excel, internal tools, etc.)
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
- Excellent communication skills – written and spoken.
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WHAT WILL YOUR ROLE BE?
You will work within the Risk Department to:
Contribute to utilizing various tools in the detection, screening, and monitoring of all systems, and processes to ensure compliance with BoG/FIC guides, FATF Recommendations, and AML regulations. The role holder shall be responsible for preparing reviews as well as submitting regulatory reports.
MAIN RESPONSIBILITIES
- Perform reviews of client account openings, identify breaches, and liaise with business units to ensure compliance with KYC procedures.
- Assist branches and other units to resolve difficult AML/CFT issues and take necessary steps to ensure corrective measures.
- Performing daily monitoring and screening of transactions to identify suspicious transactions to ensure compliance.
- Conduct regulatory monitoring to ensure that all new developments are incorporated into the Company’s policies.
- Assist in the development and review of existing policies and procedures.
- Review of ex-post controls on remittances to ensure that all reflags are identified and addressed timeously.
- Assist branches in conducting due diligence on transactions as may be required.
- Continuously review institutional AML/CFT risk assessment based on changes of risk levels.
- Perform updates of sanctions, black and watchlist, and PEPs as may be required.
- Support in the development of AML/CFT risk assessment framework
- Develop an internal watchlist and monitor to ensure that only desirable persons transact business with the Company.
- Support and monitor the implementation of control measures in all business units to mitigate the risk of AML/CFT
- Evaluate AML/CFT information received from all business units to continuous improvement in controls.
- Conduct self-assessment and work with different departments to follow up closure of gaps identified.
- Assess the regulatory risks of new business initiatives, regulatory interventions, and changes to the financial environment.
- Ensure all management personnel and staff are fully knowledgeable of the risks involved and about their responsibilities concerning AML-CFT.
- Meet all regulatory requirements and recommendations for anti-money laundering compliance. Co-operate with any lawful requests for information by government agencies during their investigations.
- Provide periodic reviews as well as timely updates to implement changes in regulations.
- Support the AMLRO to provide training on AML/CFT Topics
- Liaise with third parties to perform on issues related to remittances and general AML/CFT.
- Attend workshops organized by Savings and Loans Association, BoG, and FIC to keep abreast with current trends in AML/CFT
ADVERTISEMENT
CONTINUE READING BELOW
REPORTING
- Prepare monthly, and quarterly reports including data capture, self-risk assessment and other reports as may be required Produce ad hoc reports for review.
OTHER ASSIGNMENTS
- Any other assignment assigned by the Head of Department.
CHALLENGES
- Obtaining information from different units on time could be a challenge for this position.
Profile:
You have a:
- Degree in Any field.
- ACAMS qualification desirable
- Minimum 3 to 5 years experience as an AML/CFT function in a financial services industry
- Familiarity with operational, financial, and quality assurance procedures and regulations is a must.
- Knowledge of statistics and experience using statistical packages for analyzing datasets (Excel, internal tools, etc.)
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
- Excellent communication skills – written and spoken.