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Anti Money Laundering (AML) Officer At Stanbic IBTC

Date Posted: 10/Sep/2013
Deadline: 24/Sep/2013
  • Specialization Admin / Finance
  • Industry
  • Experience 0 year(s)
  • Location ,Lagos

Position Description

oCompliance with the relevant Anti-Money Laundering and Combating the Financing of Terrorist and related activities (AML/CFT) legislations;
oMonitoring transactions of customers to determine whether the transactions are in line with the customers profile; 
oReporting of Suspicious/unusual transaction reports; 
oRendition of AML returns to the relevant authorities i.e. Central Bank of Nigeria (CBN) and Nigeria Financial Intelligence Unit (NFIU);
oMonitoring of all regulatory returns to ensure that such returns are rendered as and when due; 
oCarrying out of international & local research to keep abreast of current AML/CFT issues

KEY RESPONSIBILITIES
•Provide assistance on compliance issues arising out of fulfilling AML/CFT obligations.
•Keep abreast with the Stanbic IBTC/Standard Bank AML operations, standards and controls.
•Creation of awareness to members of staff on how to identify suspicious money laundering or terrorist financing activity and further assist in the reporting or investigation of suspicious and unusual transactions when required.
•Assist with the review of developed training material pertaining to AML/ CFT.
•Providing advice, support and guidance to both Business and Heads of Compliance in AML/CFT matters.
•Attend to relevant projects or reviews and give input and perform allocated tasks in terms of all projects concerning AML/CFT.
oWork with Group Sanctions desk & Financial Crime Control (FCC) to identify any gaps or areas of weakness that could be exploited for Money Laundering or Terrorist Financing purposes.
oSuspicious transaction monitoring tools to detect irregular transactions systematically.
•Assist in providing AML/ CFT support to Operational areas to ensure effective implementation of controls and processes.
•Assist in compliance measures and determine appropriate remedial action plans (including, where necessary, timeframes and responsibilities).


Key performance measure 
•Evaluate AML/CFT risks attached to Stanbic IBTC activities.
• Identify deficiencies in AML/CFT control measures and determine appropriate remedial action plans (timeframes and responsibilities) with the management of the affected area.
•Ensure the reputational risk of Stanbic IBTC and that of its subsidiaries is considered at all times.
•Co-ordinate and provide input into all AML/CFT initiatives.
•Maintain an advice log that includes key AML decisions and advice rendered.
•Contribute to the AML/CFT framework.
•Ensure necessary development and retention of AML/CFT related documentation/procedures/policies/manuals.
•Assist and advice on the process to identify and monitor PEP’s and other targeted high-risk persons and entities.
•Actively promote, on an ongoing basis, the culture of compliance to Business to ensure that Compliance and the AML/CFT visibility is improved. 
•Understand the impact of non-delivery or substandard performance.  
•Be meticulous in administration and record keeping.



KEY PERFORMANCE MEASURES
•Evaluate AML/CFT risks attached to Stanbic IBTC activities.
• Identify deficiencies in AML/CFT control measures and determine appropriate remedial action plans (timeframes and responsibilities) with the management of the affected area.
•Ensure the reputational risk of Stanbic IBTC and that of its subsidiaries is considered at all times.
•Co-ordinate and provide input into all AML/CFT initiatives.
•Maintain an advice log that includes key AML decisions and advice rendered.
•Contribute to the AML/CFT framework.
•Ensure necessary development and retention of AML/CFT related documentation/procedures/policies/manuals.
•Assist and advice on the process to identify and monitor PEP’s and other targeted high-risk persons and entities.
•Actively promote, on an ongoing basis, the culture of compliance to Business to ensure that Compliance and the AML/CFT visibility is improved. 
•Understand the impact of non-delivery or substandard performance.  
•Be meticulous in administration and record keeping.

 

 

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