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Anti Money Laundering/ Counter Terrorism-Financing (AML/CFT) Analyst At Advans

About This Role

The AML Compliance Officer shall have the responsibility of maintaining the company’s obligations relating to identification, review and reporting of money laundering activities. The ideal candidate must be able to utilize various tools in detecting, screening and monitoring of all systems, processes to ensure compliance with BoG/FIC guides, FATF Recommendation and AML regulation. The job holder shall prepare, review, and submit regulatory reports.

In This Role, The Job Holder Will Have:

Core functions

  • Perform reviews of client account opening, identify breaches and liaise with business units to ensure compliance with KYC procedures.
  • Provide assistance to branches and other units to resolve difficult AML/CFT issues and take necessary steps to ensure corrective measures.
  • Perform daily monitoring and screen transactions to identify suspicious transactions to ensure compliance.
  • Conduct regulatory monitoring to ensure that all new developments are incorporated into 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 transaction as may be required.
  • Continuously review institutional AML/CFT risk assessment based on changes of risk levels.
  • Perform update 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 intitiatives, regulatory interventions and changes to the financial environment
  • Ensure all management personnel and staffs are fully knowledgeable of the risks involved and about their responsibilities with regards to AML-CFT.
  • Meet all regulatory requirements and recommendations for anti-money laundering compliance. Co-operate with any lawful requests for information made by government agencies during their investigations.
  • Provide for periodic review 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.

Reporting and other Fucntions

  • Prepare monthly, quarterly reports including data capture, self-risk assessment and other reports as may be required Produce Adhoc reports for review. AND
  • Any other assignment assigned by Head of Department.

Role Challenge

  • Obtaining information from different units on time could be a challenge for this position.

The Ideal Candidate

  • A Bachelors Degree from a recognised instittution in any field. ACAMS qualification desirable.
  • At least 2-3 years’ experience as 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.

Internal Relations

  • Branch Managers, Department Managers, Internal Audit Department, Business Development and Sales & Distribution Departments’ Management (Back Office Unit, Training Unit), Reporting Unit

External Relations

  • 3rd parties (BoG and FIC)
  • Remittance Partners

How To Apply For This Job

Interested Persons should submit their applications: CLICK HERE TO APPLY ONLINE

DEADLINE: 25th AUGUST, 2022

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