About The Role:
The Compliance Analyst will perform AML/CTF/CPF compliance responsibilities including; Implementing the company's AML/CTF/CPF compliance program; Conducting investigations, analysis and responding to Money Laundering/ Terrorism Financing/Proliferation Financing (ML/TF/PF) cases & Identifying points of compromise and potential loss.
Responsibilities
Key Responsibilities:
Transaction Monitoring and Reviews:
Implement adequate AML/CTF/CPF controls to ensure that all possible areas of AML/CTF/CPF concerns are covered.
Perform regular reviews of all AML/CTF/CPF controls to assess effectiveness. This includes;
Sanction and Politically Exposed Person (PEP) screening program.
Transaction monitoring program, Suspicious Activity Reporting (SAR) and management program.
Adverse Media mentions review program and Investigative orders management program.
Perform detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across company's processes/ customers/ products.
Collaborative Partnerships:
Assist in implementing a company-wide AML/CTF/CPF program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions.
Maintain detailed knowledge of current AML/CTF/CPF regulations and keep track of developments within the AML/CTF/CPF scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
Maintain strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed.
Strengthening Risk Management:
Ensure that AML/CTF/CPF procedures and processes are in line with regulatory requirements.
Proactively identify gaps in the assigned reviews, assessments, projects and follow up on implementation of agreed mitigation controls.
Monitor and track closure of management actions from the compliance reviews, regulators' and External auditors' reports.
Reporting:
Prepare weekly, monthly, and quarterly reports on the state of AML/CTF/CPF program to the Money Laundering Reporting Officer(MLRO).
Report control weaknesses or lapses to the manager in a timely manner, recommend mitigation controls or process and policy changes and follow up implementation of agreed actions.
Execution of instructions and any other duties from the line Manager as assigned from time to time.
Decision Making Authority:
Closure and escalation of alerts/cases.
Suspicious transactions to be reported.
Appropriate documentation for use in Suspicious Activity or Transaction supporting documents.
Communications to business on awareness on issues and trends noted in the reviews.
Appropriate remediation action on implementing the Company's AML/CTF/CPF program.
Training requirements for the business.
Compliance activities to be monitored.
Sample High-risk accounts to be reviewed.
Qualifications
Key Requirements & Qualifications:
Bachelor's Degree in Information Technology, Business, Finance, or a related field or equivalent.
ACAMS Anti-Money Laundering Certification or other industry leading certification.
At least 2 years' banking or financial services experience in AML, Compliance, Fraud or an Enterprise Risk Management function.
Strong understanding of money laundering typologies, financial crime trends, and applicable regulatory frameworks.
Solid knowledge of regulatory compliance requirements, risk management principles, and internal control processes.
Good understanding of payment products, services, transaction flows, and operational processes within financial institutions.
Demonstrates excellent analytical, organizational, and planning skills with the ability to interpret large volumes of complex data and identify unusual activity.
Ability to work in complex environments and multiple projects simultaneously with strict deadlines to deliver commitments
Results oriented team player with highly developed interpersonal communication skills and a willingness to learn, collaborate, and share insights.
Possess high professional and ethical standards
Proficient in Microsoft Office applications, including Excel, Word, and PowerPoint.
Highly adaptable, with the ability to effectively utilize tools, systems, and resources required for day-to-day AML operations.