Key Responsibilities:
Assess the impact of key regulatory developments, sanctions and industry best practices on current policies/standards/procedures, ensuring that any necessary changes are properly implemented within the Business.
Develop, review policies & procedures relating to all aspects of Anti-Money Laundering and Counter Terrorist Finance, Sanctions and Anti-Bribery & Corruption activity.
Work closely with the Business (Corporate and Investment Banking, Treasury & Trade Solutions and Markets) and other key stakeholders such as Operations & Technology to identify and mitigate the risks associated with existing and new business with emphasis on higher risk customers and transactions.
Escalate and report AML/other relevant compliance issues to Governance Committees and ensure that Senior Management is fully informed of significant compliance issues as well as the plans for resolution.
Provide expert advice to the business on the organization’s AML specific requirements as well as legal or regulatory requirements
Ensure awareness of money laundering trends and typologies by proactively referring to relevant industry publications
Thoroughly review and provide guidance on customer KYC/due diligence records and ensure adequate enhanced due diligence is performed on targeted high-risk customers.
Undertake AML related investigations arising from internal monitoring as well as ad hoc referrals
Report suspicious activity to the relevant authorities in a timely manner
Liaise with local Regulators, Law Enforcement and other Governmental Bodies and ensure good relationships with the same.
Develop and deliver tailored training programs for the business & support divisions
Respond to Sanctions, Anti-Bribery & Corruption and other relevant escalations and investigations.
Attend and where necessary, lead AML related customer interactions.
Liaison with the Internal Auditors on AML Compliance matters.
Contribute to a “no surprise” compliance culture by developing and delivering face-to-face, tailored compliance training programmes to new hires, transfers and existing staff.
Ensure all Compliance reviews/reports (daily, weekly, monthly, quarterly, semi-annual and annual) are being performed timely, are adequate and appropriately documented.
Raise the visibility of AML compliance by specifically improving the compliance risk assessment and compliance testing standards
Instigate and manage ad hoc projects as required.
Development value:
– Opportunity to work in AML Compliance at one of the most diverse global banking groups in the world.- Exposure to international banking products, operations and regulatory practices.- Visibility and accountability to Senior Management.
Qualifications
Knowledge/Experience:
Minimum of 15 years post-qualification experience out of which at least 10 years must have been in a relevant area
In-depth knowledge of relevant key regulations and industry guidance
Good understanding of Corporate Banking, Investment Banking and Capital Markets Products
Experience related to financial investigations; AML, fraud or counter terrorism.
Skills:
Strong interpersonal skills
Significant attention to detail
Strategic and goal-oriented thinker
Commitment to a co-operative and collaborative working environment, requiring an innovative approach to meeting sometimes challenging demands
Ability to work individually and in teams on all aspects of AML and Compliance
Ability to communicate with and present to all levels of staff particularly Senior Management
Proficiency in Microsoft Office applications
Ability to embrace new technologies.
Qualifications:
– Minimum of 15 years post qualification experience- Minimum of 10 years in Banking- University degree in Finance, Accounting, Economics or degree in any other discipline- A postgraduate degree or relevant professional qualification- Experience of at least three major areas of banking operations- Experience in a compliance/control environment- Operations or risk related experience, though not compulsory, will be an added advantage
Primary Location: Nigeria,Lagos,Lagos
Education: Bachelor’s Degree
Job Function: Compliance and Control
Travel Time: No
Job ID: 16009678
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