Senior AML & CFT Compliance Analyst

Bayzat

We are looking for a Senior AML & CFT Compliance Analyst to join our compliance team at Bayzat, to ensure adherence of our operations and business transactions with all relevant regulations, laws, AML and internal policies.

As a Senior AML & CFT Compliance Analyst your responsibilities will include delivering employee training, evaluating compliance activities, communicating with different stakeholders to ensure we meet all laws and policies laws that are required and providing guidance on compliance matters and ensuring we operate in a legal and ethical manner while meeting our business objectives. You should be familiar with risk management and internal controls.

• Implementing AML frameworks, procedures and policies
• Maintain AML/CTF policies and procedures
• Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
• Assist in the development of compliance initiatives and programs to comply with the respective legal, licensing, and regulatory obligations
• Ensure compliance with regulatory framework
• Monitor, analyse, and report suspicious activity/transactions
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases
• Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
• Provide oversight and guidance to the operational team, which acts as the first line of defence
• Maintain a proper register of all incidents reported
• Conduct compliance awareness and training on the requirements of the policy and guideline; retain appropriate records of CDD, transactions, suspicious activity reporting and AML training
• Reviewing and auditing the organization s adherence to compliance procedures
• Reporting compliance issues and recommending changes, as well as escalating high risk matters
• conducting transaction monitoring reviews, deep investigations, and reporting suspicious transactions related to money laundering and terrorist financing
• Conduct self-assessment and work with different departments to follow up closure of gaps identified
• Ensure all management personnel and staff are fully knowledgeable of the risks involved and about their responsibilities with regards to AML-CFT
• Maintain and handle internal procedures to ensure that suspicious activity is reported in accordance with requirements prescribed by local laws and regulations
• Handle other duties as assigned to assist with the effective administration of the AML and KYC Policies

• Degree in a law, business, finance, economics or any other related discipline
• CAMS certification or equivalent
• 3-5 years experience in AML,CFT & Sanctions
• Experience in AML transaction monitoring a distinct advantage
• Knowledge of OFAC, UN, EU, HMT regulations
• Knowledge of FATF recommendations
• Knowledge of the applicable legal and regulatory framework and the implementation of policies, controls and procedures
• Sufficient knowledge and understanding of the money laundering and terrorist financing risks associated with the business model
• Relevant experience regarding identification, assessment and management of risks
• Strong analytical and investigative skills
• Strong project management skills
• Attention to details
• Willingness to work on various compliance matters
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint)
• IT skills and experience using prominent compliance software solutions