- Reviewing published regulations, circulars, laws and directives, breaking them down and identifying the section that impact upon the Bank’s business;
- Periodic review and risk assessment of the Bank’s products, services and vendors to ensure compliance with regulations;
- Preparing training manuals and facilitating trainings on AML/CFT compliance for the Bank’s employees;
- Ensure daily monitoring of transactions on AML Software, desktop reports / internally developed alert systems, escalated mails from back office and e-STR portal.
- Prompt detection, identification and reporting of STRs;
- Managing and rendering CTR, FTR and STR reports to regulators;
- Managing and rendering monthly, quarterly, half-yearly and end of year reports.
- Monitoring of business units/groups responsible for rendering reports (statutory renditions) on behalf of the Bank to regulators and law enforcement agencies;
- Monitoring of escalated or suspected trade transactions for AML/CFT concerns;
- Risk-based review of trade transactions processed by settlement units;
- EDD and KYC on High Risk customers such as Gaming Entities, Bureau De Change (BDC), PEPs;
- KYC and EDD for Foreign Financial Institutions;
- To receive, time stamp and log into the compliance register and closing out of all LEA and Regulatory correspondence;
- Preparations of Management reports on the activities of The Legal and Regulatory activities for the period under review. Monthly, Quarterly
Requirements
Education/Qualification
- Bachelor’s degree in Business, Finance, or related field
Experience
- 4-5 years in banking
Skills/Competencies
- Good communication skills
- Analytical thinking & Report Writing skills
- Knowledge of relevant regulations, internal policies and SOPs
- Organizational skills
- Relationship and people management
- Knowledge of best practice & Local Extant Regulations
- Knowledge of Banking Operations
- Regulatory policy interpretation
Benefits
Benefits
What’s in it for you?
- Limitless Growth.
- Positive and Inclusive Work Environment.
- Tailored Rewards and Recognitions.
- Continuous learning environment.
- Health and Wellness Benefits.
