Area Compliance Officer at First Bank

Responsibilities

• Carry out first level support to the Branches for all regulatory and compliance activities
• Promoting positive compliance culture in branch.
• Providing compliance advisory support to business and operations within designated branches.
• Coordinating KYC/AML/CFT & Compliance training and awareness at branch level.
• Review all transaction alerts escalated by the Monitoring tool and other designated transactions on high-Risk accounts
• Investigate all unusual transactions and ensure appropriate escalation/reporting to designated regulatory agencies
• Conducting spot checks/inspections within the Branch to assess the level of voluntary compliance maintained and providing support to branches to ensure timely closure of exceptions
• Performing regular compliance risk assessment of regulatory activities and develop remediation plans
• Monitoring the implementation of branch compliance and conduct remediation plans and escalate open activities to Branch Head and Head, Compliance Monitoring and Reporting.
• Conduct periodic review of newly opened and existing accounts for compliance with regulatory requirement.
• Coordinate and review due diligence on customers with changed risk ratings as generated by Oracle KYC for branches.
• Conduct periodic branch visitation to ascertain adherence to regulatory provisions and internal policy expectations.
• Conduct Agency Banking visitation review or any review as assigned by Head of unit
• Conduct reviews on the activities of the Money Transfer Operations (FLAs)

Requirements

• First degree (or equivalent) in Law, Banking & Finance or related discipline.
• A minimum of 6 years experience working in compliance or related areas in financial services
• Experience of implementing and advising on compliance programs.