Manager; Financial Crime Controls at NMB Bank Plc

Job Purpose:
Ensure financial crime risks in each stage of the customer lifecycle
and in business processes are identified and understood and that
appropriate controls are in place. The job holder will work with key
stakeholders to fully understand the nature of the bank’s financial
crime risk exposure and promote, embed and support an open and
participative culture that champions proactive risk management,
governance and control.

Main Responsibilities:

• Ensure there is adequate support (people, processes, tools, frameworks,
  systems) in the Unit for necessary Financial Crime Compliance (FCC)
  controls and oversight.
• Develop, keep up to date and recommend
  enhancement of appropriate policies / processes to address financial
  crime risks, aligning with relevant regulatory requirements.
• Develop a good understanding of the bank’s range of products and services.
• Coordinate
  and direct the implementation of an effective AML transaction
  monitoring alert analysis and suspicious activity investigations program
  to ensure compliance to relevant AML / Sanctions laws and regulations.
• Maintain
  a current understanding of transaction monitoring policies and
  procedures, industry best practices, criminal typology and developing
  trends.
• Monitor potentially suspicious patterns of activities
  and recommend changes to rules, parameters, and thresholds maintained
  within the transaction monitoring system to ensure its continued
  effectiveness.
• Design and implement transaction monitoring
  techniques to support identification of risks around money laundering,
  terrorism financing, economic sanctions, frauds and other financial
  crimes consistent with the bank’s Financial Crime Compliance Risk
  Governance Framework.
• Understand the technical aspects of
  systems relevant to CDD, Client Risk Assessments, Name and Transactions
  Screening, Transactions Monitoring and Case Management.
• Ensure
  that detected information regarding AML and Sanctions violations are
  effectively communicated to the Head FCC (MLRO) in a timely manner per
  agreed SLAs.
• Provide regular reports and communication on the
  status and health of the AML transaction monitoring alert analysis and
  suspicious activity investigations program to the Head FCC and the Chief
  Compliance Officer.
• Develop responses and plans to remediate self-identified issues as well as those raised by audits and regulatory examinations.
• Oversee
  and ensure the production of timely and effective AML transaction
  monitoring-related management information (“MI”) and other applicable
  information to the Head FCC.
• Processing and concluding cases
  allocated in a timely manner within the agreed TATs whilst maintaining
  quality control / assurance results.
• Make recommendations (and
  /or implement) to relevant stakeholders on possible risk management
  responses to identified risks and /or findings of concerns from
  investigations.
• Assess financial crime risks arising from
  products, segments, geographies, customers, and transactions, and advise
  the relevant stakeholders on outcome of such risk assessments.
• Liaise
  with national / international law enforcement agencies and financial
  industry representatives to proactively identify financial crime trends
  and organized criminal attacks for development and implementation of
  appropriate mitigation control measures.
• Ensure that the relevant lists and database as used by the screening systems are up to date.
• Be
  accountable for identification and escalation of potential FC risks and
  issues to senior management through appropriate governance channels and
  the quality assurance framework.
• Coordinate relevant Financial Crime risk trainings to develop and maintain knowledge, skills and capacity.
• Promote
  and embed a culture of openness, trust, and risk awareness, where
  ethical, legal, regulatory and policy compliant conduct is a norm.
• Stimulate
  an environment where forward planning, prioritization and deadline
  management lead to efficient work practices and streamlined operational
  activities and processes.

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Knowledge and Skills:

• Good understanding and appreciation of financial crime risk management practices.
• Good knowledge and understanding of applicable regulatory requirements and banking laws.
• Expert knowledge of AML transaction Monitoring systems, analytical and investigative processes, and reporting requirements.
• Strong analytical skills and confidence in probing data, processes, and interviewing stakeholders.
• Excellent oral and written communication skills – ability to present complex information clearly and concisely.
• Highly organized individual, with ability to multi-task.
• Proactive and creative approach to work, self-motivated and pragmatic.
• Sharp business acumen, including the ability to assess risks.
• Self-empowered
  to enable development of open communication, teamwork and trust that is
  needed to support true performance and customer service-oriented
  culture.

Qualifications and Experience:

• Bachelor’s Degree in Law, Banking, Economics, Finance, or related fields.
• Professional qualifications in financial crime compliance (e.g. CAMS / CFE) will be an added advantage.
• At least 5 years’ experience in risk management, governance, compliance, financial crime compliance or any other related fields.
• Experience
  in designing and implementing programs, policies, and procedures that
  will ensure compliance with local and international standards and best
  practices.
• Experience in conducting financial crime related investigations, including frauds.

Job opening date : 03-Sep-2024
Job closing date : 17-Sep-2024