AML / CFT Analyst - Advans Ghana Savings and Loans

WHAT WILL YOUR ROLE BE?

You will work within the Risk Department to: 

Contribute to utilizing various tools in the detection, screening, and monitoring of all systems, and processes to ensure compliance with BoG/FIC guides, FATF Recommendations, and AML regulations. The role holder shall be responsible for preparing reviews as well as submitting regulatory reports.

MAIN RESPONSIBILITIES       

• Perform reviews of client account openings, identify breaches, and liaise with business units to ensure compliance with KYC procedures.
• Assist branches and other units to resolve difficult AML/CFT issues and take necessary steps to ensure corrective measures.
• Performing daily monitoring and screening of transactions to identify suspicious transactions to ensure compliance.
• Conduct regulatory monitoring to ensure that all new developments are incorporated into the Company’s policies.
• Assist in the development and review of existing policies and procedures.
• Review of ex-post controls on remittances to ensure that all reflags are identified and addressed timeously.
• Assist branches in conducting due diligence on transactions as may be required.
• Continuously review institutional AML/CFT risk assessment based on changes of risk levels.
• Perform updates of sanctions, black and watchlist, and PEPs as may be required.
• Support in the development of AML/CFT risk assessment framework
• Develop an internal watchlist and monitor to ensure that only desirable persons transact business with the Company.
• Support and monitor the implementation of control measures in all business units to mitigate the risk of AML/CFT
• Evaluate AML/CFT information received from all business units to continuous improvement in controls.

• Conduct self-assessment and work with different departments to follow up closure of gaps identified.
• Assess the regulatory risks of new business initiatives, regulatory interventions, and changes to the financial environment.
• Ensure all management personnel and staff are fully knowledgeable of the risks involved and about their responsibilities concerning AML-CFT.
• Meet all regulatory requirements and recommendations for anti-money laundering compliance. Co-operate with any lawful requests for information by government agencies during their investigations.
• Provide periodic reviews as well as timely updates to implement changes in regulations.
• Support the AMLRO to provide training on AML/CFT Topics
• Liaise with third parties to perform on issues related to remittances and general AML/CFT.
• Attend workshops organized by Savings and Loans Association, BoG, and FIC to keep abreast with current trends in AML/CFT

REPORTING

• Prepare monthly, and quarterly reports including data capture, self-risk assessment and other reports as may be required Produce ad hoc reports for review.

OTHER ASSIGNMENTS

• Any other assignment assigned by the Head of Department.

CHALLENGES

• Obtaining information from different units on time could be a challenge for this position.

Profile:

You have a:

• Degree in Any field.
• ACAMS qualification desirable
• Minimum 3 to 5 years experience as an AML/CFT function in a financial services industry
• Familiarity with operational, financial, and quality assurance procedures and regulations is a must.
• Knowledge of statistics and experience using statistical packages for analyzing datasets (Excel, internal tools, etc.)
• Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
• Excellent communication skills – written and spoken.