AML & Compliance Analyst

Job Description

CORE JOB DESCRIPTION

As AML and Compliance Analyst, this function consists in supporting Manager AML & CTF Compliance/AML & CTF Compliance building the practical framework required to:

• Identify actual and potential money laundering, terrorism financing, proliferation financing or Illegal Wildlife Trade activities.
• Lead appropriate actions to stop and prevent fraud, money laundering, terrorism financing, proliferation financing or Illegal Wildlife Trade activities.
• Conduct Compliance Review, Analysis, Screening, Monitoring and deep investigations.
• Ensure that all stakeholders are complying with all applicable laws, policies and procedures.
• Identify fraudsters or people involved in suspicious activities related to financial crimes.
• Ensure that all Customers and Business KYC are compliant through a quality assurance process on KYC and Due Diligence.
• Conduct investigation and analysis on watchlist screening and transactions monitoring escalated alerts.
• Ensure Cases lifecycle, SAR and ST Register Management on escalated cases for investigation.
• Ensure monitoring of Betting & Gaming companies.
• Manage Customer Risk Profiling
• Support Compliance Training, and AML & Compliance project implementation.
• Monitor and identify important changes in ML/TF/PF Legal and Regulatory sectors.
• Automation using RPA, Business Object, AI and Machine learning, etc.
• Ensure effectiveness of Risk Based Approach applied to onboarding and ongoing Due Diligence (DD refreshment, DD review, Contractual obligations, etc).
• Ensure High Risk Partners register maintenance and Monitoring.g

KEY PERFORMANCE AREAS

In the area of Mobile Money, perform alerts monitoring and produce related reports on daily basis.

• Customer and Business KYC Monitoring and Due Diligence Review;
• Suppliers Due Diligence, Economic Sanctions Onboarding and Ongoing Screening;
• Monitoring of Operators Activities on KYC;
• Watchlist Screening (Customers, Operators, UBOs and Organization);
• Customer Individual and Business Transaction Monitoring;
• High Risk Partner Register and DD Refreshment tracking;
• Perform M-Pesa operators and Back Office activities monitoring;
• Contribute to Compliance risk assessment review and change management process by giving its recommendations in terms of configurations and/or process which could become breaches of fraud, money laundering or terrorism financing;
• Establish incident report for any identified leakages, money laundering, terrorism financing or fraud cases.
• Share with Fraud team to establish an alert bulletin for any suspected fraud.
• In order to improve business continuity within the team, he/she will also be expected to assist on ad hoc basis with AML and Compliance activities.
• Outstanding contribution on Compliance Culture.
• Global AML program KPIs monitoring and contribution.
• Agents and Third Parties Breaches register Management including Action.
• Reporting.

SPECIAL WORKING CONDITIONS

• Should be ready to work over and above normal working hours
• English & French

PERSONAL SPECIFICATION

• 5 year bachelor degree or 3 years bachelor degree. Strong analytical and investigation skills.
• High Computer literacy SQL and PL/SQL Scripts, Elaborate reports & presentation, Use of AI and Machine Learning.

WORKING EXPERIENCE

• 6 Months experience in Compliance, Mobile Money, Electronic Banking, Revenue Assurance, Fraud, Internal Controls, Investigations, VAS or Audit in telecom/banking environment
• Understanding of Mobile Money system functioning;

CORE COMPETENCIES

• Personal motivation Self driven & committed to work towards goals achievement
• Law and Regulation Interpretation Necessity to have a clear understanding and interpretation of applicable laws and regulations to propose policies and procedure implementation or review.
• Results orientation In order his/her action to have a clear impact on the bottom line, issues should effectively and timely be close-looped.
• Pro-activity In order to prevent and minimize loss, better anticipate and take preventive actions rather than react and complain.
• Analytical though Necessity to have a clear understanding of end-to-end process flow.
• Teamwork Skills Ability to collaborate effectively with others, take on responsibilities for team success, and contribute positively to the overall group dynamic.
  Interpersonal skills.
• Resilience Maintain effective work behavior under pressures
• Integrity and ethical behavior Show no complacency against any suspected and/or confirmed negligence, unethical or even fraudulent behavior.