REPORTING TO: Compliance Manager (AML) and/ or Senior Officer- AML & Due Diligence
JOB PURPOSE: Reporting to the Compliance Manager (AML) and/or Senior Officer – AML & Due Diligence, the role holder will review systematic Anti-Money Laundering (AML) alerts generated from the AML transaction monitoring system and determine if transactions occurring are valid Anti-Money Laundering risks. Perform research considering various AML risk factors and indicators to determine if the alert/case needs to be escalated.
LOCATION: Kampala
KEY ACCOUNTABILITIES:
- Conduct initial analysis of customer transactions using internal/external research tools to assess and determine if the transactions seem plausible or if there is reasonable suspicion that the transaction involves money laundering.
- Supporting the development and maintenance of an effective automated monitoring system and related KPIs.
- Maintaining knowledge of AML risks and regulations related to AML/ATF regulatory expectations
- Ensuring the rules and alerts written for monitoring bank products are appropriately tuned and maintained.
- Reviewing systematic Anti-Money-Laundering (AML) alerts generated from the AML transaction monitoring system and determining if transactions occurring are valid Anti-Money Laundering risks.
- Performing research considering various AML risk factors and indicators to determine if the alert/case needs to be escalated.
- Accurately document the rationale for case closure or escalation as appropriate
- Undertake prompt closure of eligible alerts not deemed as unusual or suspicious.
- Reviewing financial transactions to identify possible instances of money laundering, suspicious activity, or other criminal activity.
- Monitoring transactions for signs of fraud or other illicit activity to help detect patterns of suspicious activity that may require further investigation
- Preparation of customer transaction analysis summaries on request.
KNOWLEDGE, SKILLS, AND EXPERIENCE REQUIRED:
- Bachelor’s Degree in a Business-related discipline.
- At least 3 years experience in Banking operations.
- Knowledge of banking, products, risks and processes such that advice is as informed, appropriate and relevant to business needs
- Sufficient knowledge of the local laws, regulatory expectations and internal policy requirements as they relate to financial crime risk.
- Good interviewing skills to enlist required information.
- Proficiency in Microsoft Word and Excel spreadsheets.
- Ability to collect, analyze and evaluate information and the preparation of written concise reports of work performed plus recommendations.
- Ability to communicate clearly and effectively, both orally and in writing.
- Possession of flexibility and ability to adapt appropriately to changing requirements and situations.
- High level of maturity, confidentiality and objectivity.
- Excellent communication and engagement skills.
- Strong attention to detail and personal effectiveness.
- High level of integrity and standards.
- Self-drive and initiative.
- Unafraid to take responsibility.
- Ability to work effectively with local contemporaries and peers in other clusters and regions to maintain a collaborative culture.
INVITATION
If you believe you meet the requirements as noted above, please forward your application with a detailed CV including your present position and copies of relevant professional/academic certificates, to the email address indicated below:
Deadline: Wednesday 12th March 2025.
Only short-listed candidates will be contacted.
dfcu Bank is an equal opportunity employer. We do not discriminate based on religion, age, citizenship, marital or family status, disability, or gender. Only short-listed candidates will be contacted.
