Senior Officer - AML - (2100005G)
Description
Job Purpose: To implement and operate AML policies, procedures and processes and investigate variations and violations.
Job Accountabilities:
Business Specific
1. Compliance with external AML regulations
- Update GB policies to reflect AML regulations of CBK and other regulatory bodies
- Update manuals, intranet etc. to ensure policies are communicated
- Respond to initial queries re regulations
2. Implementation of AML policies
- Implement AML policies across departments through training, audits etc.
- Carry out risk assessment, review and control programs
3. AML monitoring
- Monitor transactions and operate monitoring programs
- Maintain and update sanctions / enforcement lists
- Receive and process Internal Suspicious Transaction Reports
- Identify violations and filter these to ensure only most serious are escalated to Manager
4. Reporting
- Produce Suspicious Transaction Reports for local AML authorities
- Draft external correspondence e.g. correspondent banking questionnaires
- Address queries raised by correspondent banks and resolve issues
5. Investigations
- Carry out investigations related to potential money laundering or terrorist financing
- Escalate investigations when appropriate to Manager.
6. Advice across GB
- Advise employees on AML issues and resolve AML compliance issues or concerns
- Provide practical advice and support on AML issues.
7. Systems
- Operate automated transaction monitoring programs and ensure parameters etc. are tested and operational
Generic
8. Team supervision:
- Provide day-to-day supervision and oversight of the team’s work and handle HR issues
Key Performance Indicators
- Accurate policies communicated effectively and promptly
- Control programs operated; audits competed
- Effective monitoring; violations identified and acted on.
- Timely and relevant reporting of compliance issues.
- Accurate reports and reporting.
- Good, thorough investigations in line with procedures and timelines
- Good advice and support on AML procedures etc.
Qualifications
Education & Qualification:
Bachelor’s Degree / MBA or equivalent
Knowledge:
Good knowledge of AML practices, tracking systems and knowledge of the local and International market practices
Experience:
3 – 5 years in Banking with minimum 2 years in AML / Risk or Audit compliance
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