AML/CFT Analyst

Overview

Help verify that all systems and processes are being detected, screened, and monitored in accordance with the BoG/FIC guidelines, FATF recommendations, and AML requirements by using a variety of techniques. The post holder will be in charge of filing regulatory reports and creating reviews.

Responsibilities

• Verify compliance with KYC standards by conducting checks of client account openings, looking for breaches, and communicating with business units. • Help branches and other units tackle challenging AML/CFT problems and take the required actions to guarantee corrective action. • To guarantee compliance, daily transaction monitoring and screening are carried out to spot suspect activity. • Keep an eye on regulations to make sure the company's rules reflect any new changes. • Participate in the creation and evaluation of current policies and procedures. • Ex-post controls on remittances are reviewed to make sure that all red flags are found and handled promptly. • As needed, support branches in their due diligence investigations on transactions. • Review institutional AML/CFT risk assessment on a continual basis in response to shifts in risk. • Encourage and oversee the application of controls in every business unit to reduce the risk associated with AML/CFT. • Analyze AML/CFT data that has been provided by every business unit to ensure ongoing control improvements. • Perform a self-evaluation and collaborate with several departments to address any gaps that are found. • Evaluate the regulatory risks associated with new business ventures, changes to the financial system, and regulatory actions. • Make sure that every member of the management team and staff understands the risks and their roles in relation to AML-CFT. • Fulfill all legal obligations and guidelines for anti-money laundering compliance. In order to help government agencies with their investigations, comply with any legitimate demands for information. • In order to adopt regulatory changes, provide timely updates and frequent evaluations. • Encourage the AMLRO to conduct AML/CFT topic training. • Communicate with outside parties to handle remittance and general AML/CFT-related tasks. • Attend workshops hosted by the FIC, BoG, and Savings and Loans Association to stay up to date on the latest developments in AML/CFT.

Requirements

• A degree in any discipline. • Desirable to be qualified with ACAMS • A minimum of three to five years of experience working as an AML/CFT in the financial services sector is required. It's also essential to be familiar with operational, financial, and quality assurance procedures and regulations. • Proficiency in statistics and familiarity with statistical software for dataset analysis (Excel, internal tools, etc.) • Strong analytical abilities with the capacity to accurately and meticulously gather, arrange, evaluate, and distribute large volumes of information • Exceptional writing and verbal communication abilities.