- Review of FX outward fund transfers to ensure purpose of transaction and parties are not on Sanction
- watch list for the Bank and Subsidiaries.
- Generation, validation and reporting of suspicious transactions (STRs) to the Nigerian Financial Intelligence Unit.
- Review daily sanction hits on the Sanction Screening Solution and regular update of exception list.
- Conduct regular download, sourcing and update of sanction lists on the core banking application for
- ongoing customer screening at on-boarding and periodically to prevent the Bank from doing business with sanctioned Individuals and Entities.
- Transaction review and document check for FBN Subsidiaries and FBNQuest MB.
- Review and respond to enquiries from regulatory bodies (NFIU,CBN) and Correspondent Banks.
- Record keeping on STRs filed and other information for management reports.
- Boost compliance image of the First Bank Group.
- Identify and ensure that requests for funds transfer to destinations with sanctions such as Myanmar, Sudan, Yemen, Iraq, North Korea etc. are promptly declined and necessary report filed.
JOB REQUIREMENTS
- Education
Minimum Education: First Degree in any discipline preferably numerate.
In depth knowledge of AML and KYC
Conversant with new trends in international terror financing.
Detailed knowledge of Sanction and list of high Risk locations and individuals.
Strong business sense and commercial judgment
Good communication and interpersonal skills
Clear and articulate.
Pleasant, calm,tactful,polite and friendly.
Team builder.
Good attention to detail.
Adaptable and flexible to the changing trends in international trade and payments.
Interact professionally with other employees, customers and third parties
Good IT skilIs including Excel
Experience
Minimum experience: 5-10 year relevant working experience in Compliance and
Foreign Banking Services functions
