Compliance Monitoring and Training Officer

Responsibilities

• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
• Support the Financial Crime Compliance Manager on developing annual conformance testing schedule across relevant business units.
• Conduct conformance reviews of the Bank’s AML, ABC and Sanctions Compliance programs.
• Participate in annual Financial Crime Risk Assessments and play a key role in the assessment through all stages, while providing timely updates to the Financial Crime Compliance Manager on the results of the risk assessments.
• Review new products and services to ensure appropriate consideration of key AML/CFT and Sanctions compliance risks are identified and plans for mitigation are in place.
• Support the Financial Crime Compliance Manager on implementing and coordinating FCC Risk Management Processes while challenging the First Line of Defence (FLoD) on the effectiveness of controls.
• Consistent with AML regulations and policy, recommend de risking initiatives to management based on increased Customer or Product Risk Profile against established Bank’s AML Risk Appetite.
• Design Risk Based Financial Crime Compliance Trainings and ensure training requirements are implemented across the bank by all staff.
• Support business to understand AML/KYC requirements, consistent with AML regulations and Exim AML Policy.
• Assist in identifying systemic procedural weaknesses and additional training requirements for the Bank.
• As an AML subject matter expert, provide direction and guidance to employees on appropriate remediation action for high risk accounts.

Requirements

• A good understanding of the market dynamics and customer attributes.
• Analyzing, planning, organizing, learning and researching.
• Achieving personal work goals and objectives.
• Entrepreneurial and business acumen.
• Knowledge of regulatory framework within a banking environment.
• Ability to professionally interact with external and internal stakeholders.
• Ability to work independently or as part of a team.
• Ability to accommodate operational and functional ambiguity and change.
• Proven ability to influence others and to achieve tangible business result while incorporating compliance processes, systems and resources into all aspects of corporate operations.

Qualifications

• Bachelor’s degree from a reputable university preferably in Law, Economics, Finance, Risk Management, or related discipline.
• Minimum of 4 years of experience in the banking industry or regulatory environment in AML/CFT and Sanctions compliance and Audit.
• Experience in Risk and Operations Management, together with business management, from a front line role in Commercial Banking.
• Holder of ACAMS Certifications, CAMS or Certified Global Sanctions Specialist, or intention to be certified within six months of employment.
• Strong passion and understanding of corporate governance and regulatory environment.

Skills