Officer – KYC and Transaction Monitoring

Job Summary:

The KYC and Transaction Monitoring Officer is responsible for supporting the bank’s compliance program by monitoring transactions, conducting investigations, support in testing and maintaining policies and procedures.

Key Responsibilities:

• Review transaction monitoring alerts in line with prescribed procedures ensuring management are aware of outstanding alerts at the end of day.

• Assist in the preparation of Suspicious Transaction Reports (STRs) and ensure timely submission to the relevant Financial Intelligence Unit (FIU).

• Create and maintain accurate and concise records of all investigations undertaken including details on the rationale for any decisions made

• Seek to build an understanding of the profile of customers highlighted through the transaction monitoring alert process

• Assist with the preparation of departmental Management information reports

• Provide input to the maintenance of the departmental policies and procedures

• Provide advice and support to the Bank’s business units on the identification of areas of risk pertaining to AML and CFT.

• Support in AUP and Investigations conducted.

• Perform Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for new and existing customers.

• Support the periodic review and updating of KYC records to maintain compliance with regulatory standards.

• Assist in reviewing any KYC escalations.

• Address escalation pertaining to any sanction screening alerts during transactions or at onboarding.

• Monitor and interpret relevant AML/CFT regulations, guidance, and circulars issued by regulatory authorities (e.g., Central Bank).

• Collaborate with senior team members to identify emerging risks and trends in money laundering and terrorist financing.

• Support internal and external audit and regulatory inspections by providing requested data and documentation.

• Participate in AML/CFT awareness training sessions and contribute to the enhancement of compliance culture.

• Assist in maintaining and organizing documentation and audit trails for compliance reviews.

• Support in any other responsibilities as deemed necessary by the superior(s).

Requirements:

• Hold a degree from a university at bachelor level or higher or a relevant professional qualification in compliance.

• referably hold professional qualification in anti-money laundering or financial crime prevention.

• 3+ years of experience in compliance, preferably in the banking industry

• Excellent analytical and problem-solving skills 2.

• Strong communication and interpersonal skills 3.

• Ability to work independently and as part of a team