Anti Money Laundering Supervisor job at Pride Microfinance Ltd | Apply Now

Specific responsibilities include: –

• Ensure compliance with regulatory framework put in place by local and international stakeholders.

• Identify and inform Management of any changes to legislation and other regulatory requirements relating to AML/CTF and other regulatory requirements

• Improve and maintain Anti Money Laundering (AML) and Counter Terrorist Financing (CTF) policies and procedures.

• Implement the annual AML plan and perform the relevant quality assurance checks to ensure adherence and conduct due diligence reviews.

• Develop tools to monitor, analyze, and report suspicious activity.

• Address issues relating to transaction monitoring, filtering, and sanctions.

• Provide oversight to the operational team, which acts as the first line monitors and investigators of suspicious activity.

• Enforce the reporting obligation of the Bank in relation to AML and CTF.

• Coordinate KYC and AML information requirements from key stakeholders such as correspondent banks.

• Establish and continuously improve a consistent operating framework for the identification, management, monitoring and reporting of Compliance risks and issues.

• Responsible for ensuring that the operating framework meets internal and statutory requirements.

• Liaise with Risk Management and Internal Audit on risk related issues, as well as non-compliance with internal policies, legislation, rules and regulations.

• Monitor non-compliance and escalate any issues where non-compliance is not addressed.

• Develop AML guidance materials, training resources, and controls and ensure an ongoing staff training program on money laundering for staff.

• Analysis of large sets of data to identify patterns and trends indicative of suspicious activities or money laundering risks.

• Ensure implementation of Know Your Customer (KYC) procedures, customer identification programs, and enhanced due diligence (EDD) processes for high-risk customers