Head, Anti Money Laundering at Unified Payment Services Limited

Job Description

• The Head of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) is responsible for developing, implementing, and overseeing the organization’s compliance program to prevent financial crimes.

Responsibilities

• Develop and review AML/CFT/CPF policies and procedures, ensuring alignment with laws, regulatory requirements and international best practices.
• Ensure effective implementation of system and processes for identification, investigation, and reporting of suspicious transactions/activities to relevant authorities, such as the Nigerian Financial Intelligence Unit (NFIU).
• Develop AML/CFT/CPF training plan and ensure effective implementation.
• Develop and deliver in-house AML/CFT/CPF training to raise awareness among employees. • Implement and manage Targeted Financial Sanctions and PEP screening processes.
• Conduct Know Your Customer (KYC), Customer Due Diligence (CDD) processes and Enhanced Due Diligence (EDD) for high-risk customers.
• Manage compliance audits, keep track of exceptions and ensure timely closure.
• Compile and present reports on compliance activities, findings, and recommendations to senior management and the board.Develop Board and Senior Management compliance reports
• Develop mechanism, monitor and analyses ML/TF/PF emerging trends and typologies, ensuring that the organization have adequate preventive measures to protect its system from being used as a conduit for financial crimes.
• Collaborate with relevant departments to ensure that ML/TF/PF controls and mitigation measures are in place and effective. Engage in cross-functional responsibilities and performed other compliance functions as assigned by the Chief Compliance Officer CCO.

Requirements

• Education A Bachelor’s Degree in a related field. Professional certifications such as Certified AntiMoney Laundering Specialist (CAMS,) Designate Compliance Professional (DCP) or Certified Fraud Examiner (CFE) is required.
•  Understanding of the key technical concepts in AML/CFT. ▪ At least 7 years of experience in compliance, risk management, or related fields, with demonstrated leadership capabilities.