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Specialist - Transaction MonitoringMTN

18 days0 Applicants
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job description - Specialist - Transaction Monitoring

  • Review of risk-based transaction monitoring reports (e.g., PEP, NGO, etc.) and RFIs for suspicious activity in order to protect the bank from ML/TF risk exposure.
  • Review of suspicious transaction reports in line with NFIU requirements
  • Ensure tracking of escalated STRs from agents.
  • Ensure the rendition of risk-based supervision (RBS) and compliance-related AML regulatory returns.
  • Render a monthly return on infractions to CBN within stipulated timelines.
  • Implement transaction monitoring controls for agents, remittances, and merchant compliance programs.
  • Ensure an update of the bank’s internal watchlist.
  • Carry out due diligence checks to manage financial crime risks posed by customers and their counterparties, products, etc. using Dow Jones.
  • Conduct a bank-wide annual ML/TF risk assessment.
  • Prepare management reports for the manager, AML/CFT/CPF, and MLRO/Chief Compliance Officer as appropriate.
  • Ensure a response to requests for information (RFIs) from correspondent banks.
  • Educate and train employees on key regulations and internal policies.
  • Provide prompt compliance advisory support to all internal stakeholders.
  • Maintain a compliance glossary of applicable laws and regulations governing anti-money laundering (AML), combating the financing of terrorism (CFT), and countering proliferation financing (CPF).
  • Review and analyze AML/CTF's current trends and news to identify risks, policies, legislation, or any issues associated with money laundering or other financial crimes.
  • Coordinate the collation of information necessary for compliance audits performed by external auditors and ensure all compliance requests are met and completed in a timely manner.
  • Maintain an AML/CFT/CPF compliance dashboard to assess the effectiveness of AML/CFT/CPF risk management practices and controls.

Educational Qualifications

  • Minimum of a First Degree in Law, Economics, Finance, Business Administration, or any related field.
  • Compliance certification such as ACAMS, ICA, CFE, or CIN is an advantage.

3-7 years experience with includes:

  • Proven experience as an AML/CFT/CPF Specialist in the banking industry or within Mobile Financial Services.
  • Working knowledge of AML/CFT/CPF and other compliance requirements, laws, and rules in mobile money services, banking, switching services, or e-payment companies.
  • Experience of the local financial services regulatory landscape.
  • Experience and knowledge of data analysis in a risk management environment.
  • Good knowledge of the Central Bank of Nigeria’s Payment Service Bank Guidelines and AML/CFT/CPF Regulations.
  • Familiarity with the Nigerian Financial Intelligence Unit (NFIU) directives and regulations.
  • Good knowledge of currency transaction reporting (STR, SAR, FTR, and rendition of other compliance-related returns).
  • Good knowledge of AML/CFT/CPF monitoring tools.
  • Experience working in a team and good interpersonal skills.
  • Ability to plan and execute complex projects under pressure.
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