ANTI-MONEY LAUNDERING REPORTING OFFICER (AMLRO) at Fidelity Career Site

Accra, Greater Accra Region, Ghana -

Full Time

Start Date

Immediate

Expiry Date

17 Jan, 26

Salary

0.0

Posted On

19 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Anti-Money Laundering, Know Your Customer, Combating the Financing of Terrorism, Risk Assessment, Compliance, KYC Standards, Sanctions Screening, PEP Accounts, Suspicious Activity Reporting, Transaction Monitoring, Team Leadership, Performance Management, Education and Advisory, Stakeholder Management, Regulatory Reporting, Coaching

Industry

Financial Services

Description

Outputs: Anti-Money Laundering (AML), Know Your Customer (KYC) and Combating the Financing of Terrorism (CFT) Review AML/CFT Risk Assessment Framework in line with the BoG/FIC’s Revised Guidelines and National Risk Assessment Documents. Implement a programme for conducting an ongoing risk-based Bank wide risk assessment in accordance with the AML/CFT Risk Assessment Framework. Implement and manage AML/CFT compliance processes and methodology as prescribed in the Group AML Policy and Standard Guidelines on AML/CFT. Establish and enforce strong and robust KYC standards in line with the AML/CFT guideline issued by FIC and BoG and the Group AML Policy. Supervise the KYC/CDD monitoring process to ensure compliance with the KYC requirements as well as ensuring that customers are effectively risk assessed at account opening stage to determine the risk categorization level of each customer. Support the ongoing implementation of Sanctions screening process, supervise and review PEP Accounts for sign off and ensure the processes and systems are well managed and effective. Provide effective and continuous support in the implementation and operations of the automated AML and Swift Alerts generation and review process. Oversee Remittance Compliance Monitoring and drive transactions monitoring strategy on money services business activities with MTOs (i.e. Western Union, MoneyGram, Unity Link, Ria Money Transfer, Xpress Money, Transfast and Small World Money Transfer etc.) Execute effective and timely Suspicious Activity Report (SAR) to HOC and Financial Intelligence Centre. Effective and timely reporting of KYC / AML issues to HOC. Provide prompt escalation of policy gaps or breaches as per the Bank’s compliance process. Ensure the Group AML/CFT Policy and the Standard Guideline on AML/CFT is updated and remains a binding document for all AML/CFT/KYC/CDD procedural references. Outputs: AML/CFT/KYC/CDD Education and Advisory Implement branch and business visitation programme. This aims at conducting targeted KYC/CDD/Sanctions screening and Transaction review awareness to increase the understanding of the responsibilities of the staff at the branches and business units in AML/CFT policies and procedures, PEP Risk Assessment, Combined Risk Scoring, Correspondent Banking and Money Service Transaction procedures. Provide advice to management and the business by issuing circulars to clarify AML/CFT, KYC/CDD related issues aimed at reducing KYC failure rate and preventing Financial Crime within the business Advise stakeholders on AML/CFT risk and control measures to mitigate the inherent risk in new products and systems during implementation of new products and projects. Prepare Board and Management briefings on new developments in AML/CFT risk management for presentation during Board and management strategy sessions. Outouts: Team Leaderships & People Management Act as a role model and work to develop a highly motivated AML/CFT Team. Set challenging and stretching objectives for the AML/CFT Team. Ensure effective performance management, development and succession planning for the team. Provide accurate, complete and timely AML/CFT/KYC/CDD inputs or reports to Head of Compliance (HOC) for monthly management reporting and quarterly reporting to the Board. Own AML/CFT regulatory reporting and ensure all required reports are accurately prepared and submitted by the due date to Bank of Ghana and FIC. Provide daily coaching to the staff of branches and business units, follow up on staff across the business and guide them to comply with the AML/CFT processes to address KYC deferrals and New to Bank KYC failure issues.

Responsibilities

The AML Reporting Officer is responsible for implementing and managing AML/CFT compliance processes and methodologies, ensuring adherence to KYC standards, and overseeing risk assessments. They will also provide education and advisory support to staff and management regarding AML/CFT policies and procedures.