Manager, Compliance at Gulf African Bank

Reports To: Head of Risk & Compliance

Job Purpose: 

This role is responsible for the management of money laundering and terrorist financing risks, in particular, the role is designed to assess the potential threat to the Bank of money-laundering and terrorism financing activities and ensuring appropriate processes have been designed and implemented to manage and mitigate these risks.

Key Responsibilities

• Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF).
• Improve and maintain AML/CTF policies and procedures.
• Ensure compliance with the AML/CFT regulatory framework put in place by local and international stakeholders.
• Ensure up to date comprehensive Compliance matrix based all the relevant legislations/regulations to ensure that the Bank and its local subsidiaries comply with all the relevant legislations and regulations.
• Support in the improvement of AML/ CFT tools to monitor, analyze, and report suspicious activity.
• Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place.
• Identify and inform any changes to legislation and other regulatory requirements relating to AML/CTF.
• Support in the design, development, and implementation of AML/CFT risk assessment framework.
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted.
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases.
• Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps.
• Support in general compliance awareness and refresher training.
• Involvement in projects as needed to ensure AML\CFT concerns have been addressed.
• Provide subject matter expertise to business on matters relating to AML|CFT.
• Conducting ongoing testing of the Bank compliance with the POCAMLA regulations.
• File suspicious transaction reports with the Financial Reporting Centre (FRC).
• Ensure that the anti-money laundering compliance programme is followed and enforced within the institution.
• Maintain close co-operation and liaison with the Central Bank.
• To respond to compliance questions and concerns of the staff and advice branches/units and assist in providing solutions to potential issues involving compliance and risk

Required Competencies (Knowledge, Skills & Abilities)

Qualifications

• Degree in Law, Business, Finance or Compliance related disciplines
• Masters of Business Administration or a related field will be an added advantage
• Extensive regulatory knowledge (Local and international AML\CFT regulations, FATCA, etc.)
• Professional Certification in AML/CFT e.g. Certified Anti-Money Laundering Specialist (CAMS) or any other Financial crime professional certification is mandatory.
• CPA/ACCA

Experience

Minimum 5 years’ working knowledge of the diverse financial products offered by financial institutions, at least three .in a Compliance/Risk function.

Personal attributes

• Excellent communication and interpersonal skills;
• Ability to establish priorities, plan, coordinate and monitor own work plan
• Strong negotiation skills;
• Good understanding of relevant regulatory requirements, CBK Prudential and Risk Management guidelines
• Ability to understand and interpret financial information and principles
• Exceptional analytical and investigative skills