AML/CFT/CPF Compliance Officer at Unlimit

Responsibilities:

AML / CFT / Sanction compliance

• Ensure effective AML/CTF/Sanction compliance throughout the business
• Identify AML/CTF/Sanction risks associated with the business practices, products and services
• Monitor developments and new trends in the Nigerian AML/CFT/CPF framework
• Maintain and further development of AML/CTF/CPF Sanction policy, program, practices and procedures in order to be in compliance with the current regulation, requirements of external partners and best practices

Regulatory compliance

• Ensure that the business meets its regulatory requirements and mitigate AML/CTF/CPF Sanction risks to avoid breaches, fines, and regulatory sanctions
• Assess the effectiveness and adequacy of the policy, procedures and controls through regular or special AML audits
• Assess internal trends, external regulatory & law enforcement environment to make recommendations, understand risk areas and alter or add to current processes
• Prepare periodic reports to the Board, management and regulatory bodies, e.g. Annual and semi-annual AML/CTF /CPF compliance officer Report, annual AML Risk Assessment Report, annual AML program, etc
• Assist with regulatory inquiries and inspections, internal and external audits
• Assist with development and adaption of the internal system and other utilized systems for AML purposes
• Be responsible for periodic regulatory reports or returns on AML/CFT/CPF matters to the CND and any other regulator within the financial system
• Provide advice and assistance to other functions dealing with AML/CTF/CPF Sanction related matters

Training & Awareness

• Prepare and provide tailor-made AML/CTF/CPF Sanction training for Board, Management and all Staff

Transaction Monitoring

• Identifying, monitoring, and reporting of STRs and CTRs
• Continuously improve transaction monitoring systems to detect & report suspicious activities
• Perform ad-hoc reviews to ensure the effectiveness of transaction monitoring processes & procedures
• Ensure that when appropriate, the information or other matter leading to knowledge or suspicion, or reasonable grounds for knowledge or suspicion of ML/TF/PF is properly disclosed to the Board

Merchant KYC/KYB & Onboarding

• Oversee and manage the Know Your Customer (KYC) and KYB onboarding process for new customers and review & update existing customers
• Establish and maintain an effective Customer Due Diligence/Enhanced Due Diligence risk rating and ensure ongoing assessments
• Ensure compliance with local and international regulatory requirements related to customer identification and verification

Remittance Compliance

• Ensure compliance procedures specific to remittances and cross-border payments
• Ensure adherence to regulatory requirements governing remittance services

Requirements:

• 10+ years of effective working experience as AML/CFT compliance officer or Deputy AML/CFT compliance officer at Nigeria regulated Bank or Electronic Money Institution or Payments company
• Experience in liaising with bank-partners (correspondent banks), auditors, financial regulators and the ability to handle regulatory inquiries and inspections, as well as audits and requests
• Solid experience in drafting, reviewing and updating of AML/CTF/CPF Sanction policies and procedures relevant to the business in order to reflect industry best practices, the evolving regulatory environment and changes to the business
• Solid experience in implementation and monitoring of AML/CTF/CPF Sanction related practices and measures throughout the business
• Excellent analytical and organizational skills with strong attention to detail
• Confidence to interact with individuals from all levels of the business and relevant external partners
• Additioanal certificate – e.g. CAMS, ACAMS, ICA
• University degree in a relevant field