Job Description
Do you want to work in an international environment with a focus on developing countries? Do you have a passion for investigating anti-money laundery and countering of terrorism in complex business environments? Then Advans has the position for you!
In joining the Risk team as AML/CFT Analyst you will be responsible for maintaining the company’s obligations relating to the identification, review, and reporting of money laundering activities.
The position is permanent and based in our Head Office- Accra.
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What will your role be as AML/CFT Analyst
You will work within the Risk Department to:
Contribute to utilizing various tools in the detection, screening, and monitoring of all systems, and processes to ensure compliance with BoG/FIC guides, FATF Recommendations and AML regulations.
You shall be responsible for preparing reviews as well as submitting regulatory reports.
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Main Responsibilities: AML/CFT Analyst
- Perform reviews of client account openings, identify breaches, and liaise with business units to ensure compliance with KYC procedures.
- Assist branches and other units to resolve difficult AML/CFT issues and take necessary steps to ensure corrective measures.
- Performing daily monitoring and screening transactions to identify suspicious transactions to ensure compliance.
- Conduct regulatory monitoring to ensure that all new developments are incorporated into the Company’s policies.
- Assist in the development and review of existing policies and procedures.
- Review of ex-post controls on remittances to ensure that all reflags are identified and addressed timeously.
- Assist branches in conducting due diligence on transactions as may be required.
- Continuously review institutional AML/CFT risk assessment based on changes of risk levels.
- Perform update of sanctions, black and watchlist and PEPs as may be required.
- Support in the development of AML/CFT risk assessment framework
- Develop an internal watchlist and monitor to ensure that only desirable persons transact business with the Company.
- Support and monitor the implementation of control measures in all business units to mitigate the risk of AML/CFT
- Evaluate AML/CFT information received from all business units to continuous improvement in controls.
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Requirements of the Germany Job Seeker Visa
- Conduct self-assessment and work with different departments to follow up closure of gaps identified.
- Assess the regulatory risks of new business initiatives, regulatory interventions, and changes to the financial environment.
- Ensure all management personnel and staff are fully knowledgeable of the risks involved and about their responsibilities with regard to AML-CFT.
- Meet all regulatory requirements and recommendations for anti-money laundering compliance. Co-operate with any lawful requests for information made by government agencies during their investigations.
- Provide periodic reviews as well as timely updates to implement changes in regulations.
- Support the AMLRO to provide training on AML/CFT Topics
- Liaise with third parties to perform on issues related to remittances and general AML/CFT.
- Attend workshops organized by Savings and Loans Association, BoG, and FIC to keep abreast with current trends in AML/CFT
REPORTING
Prepare monthly, and quarterly reports including data capture, self-risk assessment and other reports as may be required Produce ad hoc reports for review.
OTHER ASSIGNMENTS
- Any other assignment assigned by Head of Department.
CHALLENGES
Obtaining information from different units on time could be a challenge for this position.
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Required Skills or Experience
- Degree in Any field.
- ACAMS qualification desirable
- Minimum 3 to 5 years’ experience as AML/CFT function in a financial services industry
- Familiarity with operational, financial, and quality assurance procedures and regulations is a must.
- Knowledge of statistics and experience using statistical packages for analyzing datasets (Excel, internal tools, etc.)
- Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
- Excellent communication skills – written and spoken.
How To Apply: New Careers at Advans Ghana: AML/CFT Analyst
Apply now: https://advans.aragon-erh.com/new_rec_portal/index/GHA
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