Compliance Officer

• Regulatory and Statutory Compliance; Ensure reports to the regulators are submitted within required timelines by;
• Ensuring compliance with due diligence and KYC requirements as per regulatory requirements and international best
• Ensuring any new and amendments to the relevant laws and regulations are communicated and implemented.
• Continuous review and update of the Bank’s internal blacklist.
• Periodically reviewing the compliance risk management policy and other policies and procedures relating to the compliance function.
• Cooperate fully with regulators and law enforcement agents by making available required documents and information.
• Ensure that all media sources (newspapers / internet) are reviewed daily to keep abreast with information on high risk customers and customers with adverse information.
• Stay abreast of, identify, and report / escalate on any new and emerging trends and typologies in the legislative and regulatory environment, any product issues, or any risks.
• Customer due diligence and AML. KYC, CFT and CPF (Transaction Screening and Monitoring); Ensure daily monitoring, screening, and blacklisting of alerts as appropriate by;
• Reviewing and treatment of alerts triggered by the various screening and monitoring systems put in place and triggers from other manual processes.
• Follow up on alerts flagged by the AML monitoring tool, comprehensive analysis and documentation of findings leading to closure of the alerts.
• Obtain and review of additional supporting documentation or obtain explanations for transactions that are identified or flagged as suspicious by the automated transaction monitoring system.

Qualifications & Experience:

• University Degree in Business or related field such as Economics from a recognized institution.
• Minimum 3 years’ banking experience in compliance or risk department with a good understanding of Bank policies, procedures, and external regulations.
• Demonstrated expertise and in-depth knowledge in AML/CFT/CPF and KYC Controls
• Good understanding of Central Bank Prudential guidelines, POCAMLA, Basel Rules, Banking Act, IFRS and other relevant statutes in Banking.
• Evidenced knowledge and understanding of the current banking and financial services operating environment, trends, and practice, related regulatory and governance guidelines and requirement, and applicable laws.