AML Compliance Officer at a Leading Global Investment Bank - Robert Walters

Job Description

• This person will be responsible for developing and maintaining a robust AML control environment, coordinating, monitoring and advising on compliance with business, global, regional, and local AML policies, procedures, and requirements.
• Purpose For The Role
• The AML Compliance Officer will be be responsible for the general compliance responsibilities including but not limited to ensuring that the organisation is in compliance with Sanctions and Anti-Bribery & Corruption standards and related regulations.
• Preference will be given to Nigerian Nationals with the desired experience.

Key Responsibilities

• Assess the impact of key regulatory developments, sanctions and industry best practices on current policies/standards/procedures, ensuring that any necessary changes are properly implemented within the Business.
• Develop, review policies & procedures relating to all aspects of Anti-Money Laundering and Counter Terrorist Finance, Sanctions and Anti-Bribery & Corruption activity.
• Work closely with the Business (Corporate and Investment Banking, Treasury & Trade Solutions and Markets) and other key stakeholders such as Operations & Technology to identify and mitigate the risks associated with existing and new business with emphasis on higher risk customers and transactions.
• Escalate and report AML/other relevant compliance issues to Governance Committees and ensure that Senior Management is fully informed of significant compliance issues as well as the plans for resolution.
• Provide expert advice to the business on the organization's AML specific requirements as well as legal or regulatory requirements
• Ensure awareness of money laundering trends and typologies by proactively referring to relevant industry publications
• Thoroughly review and provide guidance on customer KYC/due diligence records and ensure adequate enhanced due diligence is performed on targeted high-risk customers.
• Report suspicious activity to the relevant authorities in a timely manner
• Liaise with local Regulators, Law Enforcement and other Governmental Bodies and ensure good relationships with the same.
• Respond to Sanctions, Anti-Bribery & Corruption and other relevant escalations and investigations.
• Attend and where necessary, lead AML related customer interactions.
• Liaison with the Internal Auditors on AML Compliance matters.
• Ensure all Compliance reviews/reports (daily, weekly, monthly, quarterly, semi-annual and annual) are being performed timely, are adequate and appropriately documented.
• Raise the visibility of AML compliance by specifically improving the compliance risk assessment and compliance testing standards

Knowledge/Experience/Qualifications

• Minimum of 15 years post-graduation experience, out of which at least 10 years must have been in the banking industry (non negotiable)
• Experience in at least 3 major areas of banking operations (non negotiable)
• University degree
• A postgraduate degree or relevant professional qualification
• Experience in a compliance/control environment
• In depth knowledge of relevant key regulations and industry guidance
• Good understanding of corporate and investment banking
• Operations or risk related experience, though not compulsory, will be an added advantage.