AML Analyst

Academic Qualifications and Work Experience:

• Bachelor's degree in a related field.
  
• Professional certifications in ACAMs, ACFCS, CPA, or any AML/Compliance certification.
  
• 4-6 years of experience in a similar role.
  

Required skills and competencies:

• Interpersonal skills.
  
• Communication skills.
  
• Analytical skills.
  
• Technical skills in AML, data mining, and compliance.
  
• Report writing skills.
  
• Good understanding of AMLCFT regulatory policies with the ability to apply regulatory concepts in daily functions.
  
• Research skills for enhanced due diligence on high-risk customers.
  
• Exercise high level of discretion and confidentiality due to the sensitive nature of the scope of work.
  

Sanction screening and Enhance Due Diligence:

• Review of KYC for new high-risk customers.
  
• Carrying out EDD on existing high-risk customers such as PEPs, motor vehicle dealers, and Forex Bureaus.
  
• Carry out sanction screening on escalated cases on vendors, UBOs, and customers.
  
• Review suspected sanction matches on transaction activities and or customers.
  

Transaction monitoring:

• Conduct detailed Investigations and assessments on alerts relating to potential money laundering risks.
  
• Ensure efficient identification and monitoring of activities and transactions considered suspicious.
  
• Ensure timely and efficient reporting of transactions considered suspicious.
  
• Daily assessment of SWIFT and AML reports relating to potential suspicious activity.
  
• Collect and review documentary proof of transactions above USD 10k and build and maintain case files for transactions deemed suspicious.
  

Regulatory reporting and request, record keeping, management reporting:

• Assist in the preparation of periodic regulatory returns- CMA, FRC, and CBK returns.
  

  Assist in ad hoc regulatory requests.
  

• Ensure proper record-keeping of data collected and analyzed, all the EDD reports conducted, and suspicious transactions reported.
  
• Support preparation of reports for management, board, and regulator.
  
• Prepare and submit periodic regulatory returns (CBK AML data collections, compliance returns, and CMA returns)
  

Training:

• Assisting in the preparation of AML /CTF training modules for the bank employees.
  
• Raise awareness and provide training for bank employees on AML and CFT policies.
  
• Raise AML and CTF awareness by championing the same through newsletters, and direct email communication to the relationship management team.
  

Corresponding banking support:

Assist with addressing queries from correspondent banks relating to AML compliance.

Business advisory:

• Stay current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends to provide
  
• Business advisory on KYC, AML, sanctions, and adverse media and providing guidance in dealing with high-risk accounts.
  

ML and TF Risk Assessment:

• Perform annual risk assessment on the bank’s products, customers, and channels.
  
• Assist in testing and providing advice on AML risk on various bank projects.