Team Member, Anti Money Laundering(KYC/CDD)

Responsibilities

¨      Ensure the existence of “Know Your Customer” (KYC) during new account on-boarding process for all customers (i.e. individuals, corporate, financial institutions etc.) that complies with all local regulations and international best practices

¨      Ensure that CDD and EDD procedures are implemented and maintained in line with local regulations and international best practices for new and existing customers.

¨      Ensure that appropriate, clear and efficient escalation procedures exist to allow the Business and Operations teams to raise relevant new high risk accounts to Compliance for review

¨      Provide positive, accurate and practical KYC/CDD advice to all Business and Operations teams on all new and existing customers KYC questions and issues.

¨      Ensure that a customer KYC risk categorization structure / matrix for customers is implemented and maintained.

¨      Ensure KYC policy and procedures remain updated, relevant and communicated as required to all stakeholders.

¨      Monitoring, identification and timely reporting of Suspicious Transactions.

¨      Periodic review of PEP accounts

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

¨      Ensuring adequate KYC and due diligence is carried out on financial institutions and correspondent bank due diligence enquiries.

¨      Liaison & responding to enquiries/investigations from regulators

¨      Monitor and investigate Customer Transactions for unusual and suspicious activities.

¨      Rendition of statutory reports and returns

    Carry out other duties as assigned.

Reports

¨                Correspondent and Financial Institutions Due diligence Reports

¨                High Risk Accounts Review Report

¨                Currency Transactions Reports

¨                Electronic Transaction Reports

          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 all alerts generated by the AML Software

¨      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

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

Qualifications & Certifications

     A University degree in Accounting or Finance or its equivalent

Working Experience

¨      3 – 4 years work experience within the Banking industry.