Compliance Officer

Duties and Responsibilities

-Assist the Head of Compliance in establishing and embedding a culture of compliance through the development of AML compliance programmes and monitoring plans.
-Assist in formulating, reviewing, and disseminating AML compliance policies, procedures, and guidelines across the business.
-Provide advice and recommendations to business management through EXCO on business relationships in line with the Board-approved AML Risk Appetite.
-Advise on correspondent banking relationships and associated AML risks.
-Support the timely review and update of the Board-approved Institutional Risk Assessment.
-Provide guidance to business units on AML compliance requirements and assist with the implementation of approved AML compliance plans.
-Assist in maintaining an AML legislative log and preparing monthly and quarterly reports for Executive Management and Board Committees.
-Support business units in resolving AML compliance breaches and implementing agreed mitigation measures.
-Prepare periodic AML Compliance Monitoring Reports for Management and Board Committees.
-Assist in ensuring day-to-day AML compliance by assessing transaction reports and recommending further investigation or reporting to regulators and law enforcement agencies where necessary.
-Monitor compliance with approved AML policies and procedures and report findings as required.
-Assist in designing and implementing AML programmes covering sanctions screening, customer due diligence (CDD), Know Your Customer (KYC), and AML training.
-Monitor transactions and account activity, identify suspicious transactions, facilitate regulatory reporting, and maintain prescribed records.
-Research, develop, and implement enhanced compliance risk management and monitoring systems.
-Provide legislative analysis and support compliance awareness and training initiatives within the business.