PRINCIPAL RESPONSIBILITIES

Reporting suspicious activities to the authorities and internal stakeholders
Provide direction and guidance to business as an AML subject matter
Maintain an up to date understanding of money laundering and terrorist financing issues, drafting of AML policies, procedures, update CRMPs on AML regulations, industry best practice, criminal typologies and developing trends
Ensuring compliance with current AML regulations and related legislation and sub-regulations
Provide capabilities on Party Due Diligence and Enhanced Due Diligence

GENERAL

Train and assist employees to improve their AML knowledge and enhance their compliant behaviors
Briefing and reporting to senior management on matters relating to internal AML compliance policies and procedures
Monitoring and ensure proper record keeping of customer and transaction records for prescribed periods
Assessment of complex AML/CFT documentation
Identification and highlighting of possible money laundering activities and reporting thereof
Ensure proper investigation of suspicious transactions or money laundering alerts
Ensuring that transactions on which enquiries are raised, are executed to the required standards
Maintain an up to date understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice
Analyse report and close transactional alerts from AML system
Analyse and provide comments on reporting requirements from FIC
Submit reports on the GoAML system
Compiling monthly statistical reports for Exco and Risk sub-committee
Assist MLRO/MLCO in any issues related to AML issues
Update statistics of all suspicious transaction reports on the Issues Log


KEY PERFORMANCE AREAS

Training
Ensuring compliance with current AML regulations


EXPERIENCE, KNOWLEDGE AND SKILLS

Know and understand the provisions of the FIC Act and other anti-money – laundering legislation
Bachelor’s degree e.g. LLB, B. Com (Law) or equivalent
Minimum of three years’ experience in an insurance environment within a similar type role.
Relevant degree or similar, diploma in AML
Working knowledge and application experience of the Financial Intelligence Centre Act as amended


QUALITIES

Excellent communication skills
Attention to detail
Integrity, Honesty
Assertive
Team player
Strict confidentiality
Time Management