Compliance Analyst at Network International

About The Role:

• The Compliance Analyst will perform AML/CTF/CPF compliance responsibilities including; Implementing the company’s AML/CTF/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.

Responsibilities

Key Responsibilities:

Transaction Monitoring and Reviews:

• Implement adequate AML/CTF/CPF controls to ensure that all possible areas of AML/CTF/CPF concerns are covered.
• Perform regular reviews of all AML/CTF/CPF controls to assess effectiveness. This includes; 
• Sanction and Politically Exposed Person (PEP) screening program.
• Transaction monitoring program, Suspicious Activity Reporting (SAR) and management program.
• Adverse Media mentions review program and Investigative orders management program.
• Perform detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across company’s processes/ customers/ products.

Collaborative Partnerships:

• Assist in implementing a company-wide AML/CTF/CPF program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions.
• Maintain detailed knowledge of current AML/CTF/CPF regulations and keep track of developments within the AML/CTF/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/CTF/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/CTF/CPF program to the Money Laundering Reporting Officer(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 line Manager as assigned from time to time.

Decision Making Authority:

• Closure and escalation of alerts/cases.
• Suspicious transactions to be reported.  
• Appropriate documentation for use in Suspicious Activity or Transaction supporting documents.  
• Communications to business on awareness on issues and trends noted in the reviews.
• Appropriate remediation action on implementing the Company’s AML/CTF/CPF program.
• Training requirements for the business.
• Compliance activities to be monitored.  
• Sample High-risk accounts to be reviewed. 

Qualifications

Key Requirements & Qualifications:

• Bachelor’s Degree in Information Technology, Business, Finance, or a related field or equivalent.
• ACAMS Anti-Money Laundering Certification or other industry leading certification.
• At least 2 years’ banking or financial services experience in AML, Compliance, Fraud  or an Enterprise Risk Management function.
• Strong understanding of money laundering typologies, financial crime trends, and applicable regulatory frameworks.
• Solid knowledge of regulatory compliance requirements, risk management principles, and internal control processes.
• Good understanding of payment products, services, transaction flows, and operational processes within financial institutions.
• Demonstrates excellent analytical, organizational, and planning skills with the ability to interpret large volumes of complex data and identify unusual activity.
• Ability to work in complex environments and multiple projects simultaneously with strict deadlines to deliver commitments
• Results oriented team player with highly developed interpersonal communication skills and a willingness to learn, collaborate, and share insights.
• Possess high professional and ethical standards
• Proficient in Microsoft Office applications, including Excel, Word, and PowerPoint.
• Highly adaptable, with the ability to effectively utilize tools, systems, and resources required for day-to-day AML operations.