Job Purpose: 

The primary objective of this position is to enhance and optimize departmental operations by establishing essential divisions that empower the department to fulfil its mandated responsibilities and uphold compliance with regulatory mandates and AML/CTF (Anti-Money Laundering/Counter-Terrorist Financing) laws.

Responsibilities:

Transaction Monitoring:

Conduct thorough and ongoing monitoring of financial transactions, accounts, and customer activities to identify suspicious patterns or activities.

Establish risk-based AML/CTF monitoring processes aligned with the bank's operations.

Risk Assessment

Evaluate and quantify risks associated with specific transactions, customers, products, and geographic locations.

Reporting

Prepare and submit suspicious activity reports (SARs) to appropriate authorities and regulatory bodies as required by AML/CFT laws and regulations.

Regulatory Compliance:

Stay current with AML/CFT regulations and guidelines, ensuring the organization's adherence to all legal requirements.

Collaborate with the NCFI on suspicious transactions and enquires

Documentation

Maintain comprehensive records of investigations, findings, and actions taken, ensuring accurate and up-to-date documentation.

Advice

Coordinate, liaise and resolve with the branches and operating units all queries related to AML and KYC and report unresolved matters and/or any significant findings to the Head of Compliance AML/CTF

Periodic reviews

Conduct periodic reviews, generate reports on AML and KYC, CDD, and perform annual EDD on high-risk customers.

Assisting

Closely collaborating with the line manager and colleagues to support daily operational tasks and readily taking on any ad-hoc assignments as required."

Additional Responsibilities

Flexibility and ability to accept additional work to achieve department's operational goals

Ability to work in shifts

• Bachelor in Business Accounting or Finance
• 1-year experience in Transaction Monitoring.

Professional 

Preferred: ICA or CAMS in AML

Skills & Knowledge:

• Knowledge of Banking and specific in AML Regulations
• Analytical Skills: The ability to analyses complex data and transactions to identify suspicious activities.
• Attention to Detail: A high degree of accuracy and precision in reviewing and documenting transactions.
• Communication Skills: Effective written and verbal communication to report findings and collaborate with colleagues.
• Investigative Skills: Proficiency in conducting investigations and researching suspicious activities.
• Teamwork: Collaboration with colleagues, often across various departments, to investigate and mitigate risks.
• Continuous Learning: A commitment to ongoing education and staying updated on AML trends and developments
• Ethical conduct and the ability to maintain confidentiality and integrity.