Support the Head of Compliance in the process of formulating the short, medium-and long-term strategic plans for the department and for the bank from an AML Compliance perspective-including workplans and budgets for the department.
Support the Head of Compliance to establish, operationalize and regularly review the effectiveness of the Bank’s AML and Terrorism Financing Risk Management Framework in line with the local and applicable international AML laws and Regulations.
Deputize the MLCO & ensure that all activities under the Bank’s AML/CFT program are well established and effectively delivered in line with the local and applicable international AML laws and Regulations.
Supervise the compliance training programs on AML/CFT as well as ensuring that all applicable laws and regulatory requirements are delivered effectively to all employees, agents, and any identified user groups.
Ensure that all correspondences with regulators and other external parties are attended to in a timely manner, and foster good working relations with regulators, advisers/consultants, auditors, and lawyers.
Conduct periodic entity wide AML/CFT and sanctions risk assessment in line with the regulations and internal processes.
Initiate updates to the AML/CFT risk assessment.
Regularly update line management on any emerging and relevant changes in the AML environment, ensuring that all such changes are integrated into the business processes.
Ensure that AML risk assessments for all new products, technologies, locations/channels are carried out prior to launch and findings documented as required.
Act as the compliance function’s risk management champion.
Prepare monthly compliance reports meticulously detailing key AML/CFT and sanctions program matters.
Ensure own compliance with the Bank’s code of conduct which includes but not limited to adhering to AML/CFT requirements.