Piggyvest is a platform that helps individuals and businesses manage their finances effectively - save and invest with ease.
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As an AML Analyst, you will monitor and analyze financial transactions to ensure compliance with Anti-Money Laundering (AML), Counter-Terrorist Financing (CTF), and Sanctions regulations. This role involves monitoring transactions, conducting investigations, and ensuring the implementation of effective Know Your Customer (KYC) and Customer Due Diligence (CDD) processes.
Job Details
Responsibilities
Conduct Investigations: Conduct end-to-end investigations of unusual customer activity using a risk-based approach to identify, mitigate, and escalate risks related to suspected money laundering, terrorist financing, proliferating financing, or other concerns such as sanctions violations and corruption.
Transaction Monitoring: Conduct transaction monitoring to assess potential suspicious transactions on customers’ accounts and report any suspicious transactions or activities in an efficient and timely manner.
Alerts and Flags: Review alerts and flags generated from the transaction monitoring tools and make recommendations to the Senior Compliance Officer.
AML Compliance Training: Assist with anti-money laundering compliance training for employees and promote a culture of compliance and awareness across the company.
KYC & CDD Compliance: Ensure all new and existing customers meet KYC and CDD requirements in line with regulatory guidelines.
Regulatory Compliance & Reporting: Assist in preparing AML/CTF regulatory reports and liaise with relevant authorities, as needed. Also, maintain up-to-date knowledge of Nigerian and International AML/CTF regulations and contribute to developing effective risk mitigation strategies.
Team Collaboration: Collaborate with internal teams to enhance AML policies and procedures and improve the rules used for transaction monitoring based on current typologies or emerging trends.
NIG SAC List: Keep to date with the Nigeria Sanctions Committee (NIG SAC) sanction list and advisories.
Requirements
2-4 years working years in a similar role.
Bachelor's degree in Law, Business Management, Finance, or a related field.
Proficient in the use of transaction monitoring systems and case management tools.
Excellent communication and interpersonal skills.
Strong analytical and problem-solving skills.
Detail-oriented with a focus on accuracy and thoroughness.
Ability to work independently and collaboratively within a team.
Professional certification such as CAMS, ICA, or equivalent is an advantage.
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