At the company, we believe in fostering a culture of innovation, growth, and excellence. The AML/CFT Quality Assurance & Framework Specialist plays a critical role in strengthening the Bank's Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) framework. The role is responsible for assessing the effectiveness of AML/CFT controls, identifying gaps and weaknesses, implementing remedial actions, and ensuring compliance with regulatory requirements and internal policies.
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Responsibilities
- Implement and maintain the Bank's AML/CFT framework in line with regulatory requirements and industry best practices.
- Conduct quality assurance reviews to assess the effectiveness of AML/CFT policies, procedures, controls, and monitoring programs.
- Identify weaknesses, deficiencies, and control gaps within AML/CFT processes and recommend corrective actions.
- Develop and execute remediation plans to enhance the overall effectiveness of the AML/CFT framework.
- Perform AML/CFT risk assessments to identify, evaluate, and monitor emerging financial crime risks.
- Support the implementation of risk mitigation strategies and ensure timely resolution of identified issues.
- Monitor compliance with internal AML/CFT policies, procedures, and regulatory obligations.
- Assist in the development, review, and enhancement of AML/CFT policies, procedures, and governance frameworks.
- Ensure AML/CFT policies and procedures are effectively communicated and consistently applied across the organization.
- Support the escalation and reporting of suspicious activities to relevant stakeholders and regulatory authorities where required.
- Develop and deliver AML/CFT awareness and training programs to employees across the Bank.
- Promote a strong culture of compliance, ethical conduct, and financial crime risk awareness.
- Monitor regulatory developments, industry trends, and emerging AML/CFT risks, recommending enhancements where necessary.
- Provide management with periodic reports and insights on AML/CFT framework effectiveness, quality assurance findings, and remediation progress.
- Collaborate with internal stakeholders, business units, and control functions to strengthen compliance and governance standards.
- Support continuous improvement initiatives by implementing best practices, process enhancements, and innovative compliance solutions.
Requirements
- Bachelor's Degree in Finance, Business Administration, Law, Compliance, Risk Management, or a related discipline.
- Minimum 3 years of experience in Compliance, AML, Financial Crime, or Risk Management.
- Strong English communication and computer literacy skills.
Skills
- Strong understanding of AML/CFT laws, regulations, regulatory expectations, and financial crime risk management practices.
- Excellent analytical and problem-solving skills with the ability to assess complex situations and recommend practical solutions.
- Strong quality assurance, control testing, and compliance monitoring capabilities.
- Ability to interpret regulatory requirements and translate them into effective operational controls.
- Excellent stakeholder management and relationship-building skills.
- Proactive, solutions-oriented mindset with a commitment to continuous improvement.
- Strong written and verbal communication skills with the ability to influence stakeholders at all levels.
What's In It For You
- Opportunity to play a key role in protecting the Bank from financial crime and regulatory risk.
- Exposure to regulatory, compliance, and financial crime governance initiatives.
- Collaborative and inclusive work environment that values integrity, accountability, and innovation.
- Competitive compensation and benefits aligned with performance and contribution.
