Job Description

Job Purpose
To ensure the bank's adherence to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations by implementing, monitoring, and improving compliance programs, policies, and controls. The role will focus on identifying, assessing, and mitigating AML/CTF risks while supporting business operations in maintaining regulatory compliance.
Key Responsibilities
Transaction Monitoring: Review and analyze customer transactions to identify suspicious activity in accordance with AML laws and internal policies.
Customer Due Diligence (CDD) / KYC: Conduct and review KYC checks for onboarding and periodic reviews of customers (Retail, Corporate, Private Banking).
Enhanced Due Diligence (EDD): Perform deeper investigations for high-risk clients, PEPs, and sanctioned entities.
Suspicious Activity Reporting (SAR): Investigate alerts, prepare internal escalation reports, and file Suspicious Transaction Reports (STRs) with regulatory authorities when necessary.
Sanctions Screening: Monitor and review customer and transaction data against sanctions lists (OFAC, UN, EU, HMT, etc.).
Regulatory Compliance: Ensure compliance with AML laws, FATF guidelines, and local regulatory requirements.
Training & Awareness: Conduct periodic AML awareness training for staff and provide guidance on compliance policies.
Policy Development: Assist in developing, reviewing, and updating AML/CTF policies and procedures.
Audit & Regulatory Support: Coordinate with internal audit, external auditors, and regulators during AML inspections or reviews.
Data Management: Maintain accurate records of investigations, reports, and customer documentation in compliance with data retention policies.
Key Skills & Competencies
Strong understanding of AML/CTF laws and regulations (e.g., FATF, local AML Acts, KYC Guidelines).
Knowledge of banking products, customer segments, and transaction flows.
Analytical and investigative skills with attention to detail.
Ability to interpret and apply complex regulatory requirements.
Strong written and verbal communication skills.
Proficiency in AML systems and screening tools (e.g., Actimize, Mantas, SAS, Fircosoft).
High ethical standards and integrity.
Qualifications & Experience
Bachelor's degree in Finance, Law, Business, Accounting, or a related field.
Professional certification preferred (e.g., CAMS, ICA Diploma in AML, ACAMS, or equivalent).
2-5 years of relevant experience in AML, financial crime, or regulatory compliance within a bank or financial institution.
Familiarity with international AML standards and local regulatory frameworks.

Skills Required