The AML – CFT – CPF and Compliance Analyst role is responsible for performing Anti-Money Laundering (AML), Combating the Financing of Terrorism (CFT), and Combating Proliferation Financing (CPF) compliance functions. This includes implementing the Bank’s comprehensive AML/CFT/CPF compliance program, conducting investigations, analyzing and responding to Money Laundering/ Terrorism Financing/Proliferation Financing (ML/TF/PF) cases, and identifying points of compromise and potential loss.
Key Responsibilities and Activities
Transaction Monitoring and Reviews
- Implement adequate AML/CFT/CPF controls to ensure that all possible areas of concern are covered.
- Perform regular reviews of all AML/CFT/CPF controls to assess effectiveness. This specifically includes reviewing the:
- Sanction and Politically Exposed Person (PEP) screening program
- Transaction monitoring program
- Suspicious Activity Reporting (SAR) management program
- Adverse Media mentions review program
- Investigative orders management program
- Perform detailed analyses to detect patterns, trends, anomalies, and schemes in transactions and relationships across the bank’s processes, customers, and products.
Collaborative Partnerships
- Assist in implementing a bank-wide AML/CFT/CPF program through risk awareness training for all staff, especially regarding the identification and reporting of suspicious transactions.
- Maintain detailed knowledge of current AML/CFT/CPF regulations and keep track of developments within the AML/CFT/CPF scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies, and developing trends.
- Maintain a strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed.
Strengthening Risk Management
- Ensure that AML/CFT/CPF procedures and processes are aligned with regulatory requirements.
- Proactively identify gaps in assigned reviews, assessments, and projects, and follow up on the implementation of agreed mitigation controls.
- Monitor and track the closure of management actions resulting from compliance reviews, regulators’ reports, and External Auditors’ reports.
Reporting
- Prepare weekly, monthly, and quarterly reports on the state of the AML/CFT/CPF program for 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 on the implementation of agreed actions.
- Execute instructions and any other duties from the Manager Compliance/Senior Manager Compliance, as assigned from time to time.
Decision Making Authority
The role includes decision making authority over:
- Closure and escalation of alerts.
- Suspicious transactions to be reported.
- Appropriate documentation for use in Suspicious Activity or Transaction supporting documents.
- Transactions to be marked in the system as suspicious.
- Customers to be updated in the blacklist.
- Communications to business on awareness regarding issues and trends noted.
- Appropriate remediation action on implementing the Bank’s AML/CFT/CPF program.
- Training requirements for the business.
- Compliance activities to be monitored.
- Sample High-risk accounts to be reviewed.
Qualifications and Experience
Academic Background
- Bachelor’s Degree in a Business related course or equivalent.
- Anti-Money Laundering Certification.
Professional Certification
- Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (ACAMS).
Work Experience
- At least 2 years’ banking experience in AML/CFT/CPF within an Enterprise Risk Management function.
Skills & Competencies
- Knowledge of money laundering techniques and regulations.
- Knowledge of regulatory compliance requirements and risk management principles.
- Demonstrable analytical skills and experience in working with Server Query Language (SQL) and analyzing large volumes of data.
- Good knowledge of payment services and operations (mentioned twice, retaining both).
- Good organizing and planning skills.
- Results-oriented, effective communicator, and a team player eager to learn and share experiences.
- Proficiency in Microsoft Office Applications.
