Officer – KYC and Transaction Monitoring

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, supporting in testing and maintaining policies and procedures.

• 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).

• Hold a degree from a university at bachelor level or higher or a relevant professional qualification in compliance.
• Preferably 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.
• Strong communication and interpersonal skills.
• Ability to work independently and as part of a team.

Associate

Full-time

Finance

Banking