Compliance Analyst

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.
  

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.