AML – CFT – CPF and Compliance Analyst at Sidian Bank

JOB PURPOSE
The job holder will responsible for performing AML/CFT/CPF compliance functions. Such functions include implementing the Bank’s AML/CFT/CPF compliance program, conducting investigations, analysis and responding to Money Laundering/ Terrorism Financing/Proliferation Financing (ML/TF/PF) cases, identifying points of compromise and potential loss.

KEY RESPONSIBILITIES AND ACTIVITIES

KEY RESPONSIILITIES

• Transaction Monitoring and Reviews
• Collaborative Partnerships
• Strengthening Risk Management
• Reporting 

Transaction Monitoring and Reviews

• Implement adequate AML/CFT/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
• Suspicious Activity Reporting (SAR) 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 weekly, monthly and quarterly 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.

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 Bank’s AML/CFT/CPF program
• Training requirements for the business 
• Compliance activities to be monitored 
• Sample High-risk accounts to be reviewed.

ACADEMIC BACKGROUND

• Bachelor’s Degree in Business related course or equivalent.
•  Anti-Money Laundering  Certification.

WORK EXPERIENCE

At least 2 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 REQUIRED

Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (ACAMS).