Team Member, Anti Money Laundering Officer

Responsibilities:

Operations

¨      Identify potential risk factors presented in new products, markets and procedures and advise on process and products structure to lessen the risk exposure to the bank.

¨      Identify changes to legislation, rules or industry guidance to ensure that management are aware of developing regulatory obligations in respect of the prevention of AML/CTF

¨      Monitoring and implementation of an effective and robust AML/CFT internal risk assessment framework.

¨      Manage and execute an effective second line compliance monitoring program with regard to Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) processes

¨      Assist with the identification of key AML/CTF gaps and implementation of remediation measures. to close the identified gaps

¨      Assist in the development and conduct of specialized face-to-face AML/CTF training and e-learning content for staff especially on identification and reporting of suspicious transactions.

¨      Monitoring, identification and timely reporting of Suspicious Transactions.

¨      Conduct Branch and department KYC reviews to ensure adherence to KYC procedures.

¨      Liaison & responding to enquiries/investigations from regulators

¨      Monitor and investigate remittance transactions for unusual and suspicious activities.

¨      Rendition of statutory reports and returns

¨      Review swift transactions on the Swift Sanction Screening Portal to monitor and identify transactions from prohibited or sanctioned individuals or entities.

¨      Carry out other duties as assigned.   

Reports

¨                AML/CFT Internal Risk Assessment Report

¨                Sub-Agent Due Diligence Reports

¨                Product Due Diligence Reports

¨                Remittance Transaction Monitoring Reports

¨                Currency Transactions Reports

¨                Electronic Transaction Reports

¨                El Suspicious Transaction Reports

Key Performance Indicators

¨      Achieve 100% implementation of AML Compliance annual program

¨      Take corrective action and remediation plan for bank AML audits (internal & external).

¨      Review and investigate remittance transactions.

¨      Develop and manage 100% of global Suspicious Transaction Report (STR) metrics across multiple lines of businesses

¨      Timely delivery of daily, weekly, monthly and quarterly and annual reports  including STR

¨      Performance of annual AML/CFT Internal Risk assessment

¨      Due diligence review of remittance sub-agents

¨      Provide AML training to all staff at least once in a year

¨      Prepare and submit AML reports to Head of Compliance

Competencies Required

Organisational Competencies

¨      Professional Attributes

¨      Business Knowledge

¨      Personal Attributes

¨      Team player

¨      Computer Literacy

 Functional Competencies

¨      Compliance  Risk Management (Legal, Regulatory, Operational, Reputational)

¨      FABL’s Policies, Processes, Controls etc

¨      FABL’s Products, Services and Channels

¨      AML Risk Assessment

¨      Investigative / research

¨      Analytical