AML/Transaction Monitoring Senior Officer

Assess AML/CFT risks of banks and financial institutions before establishing relationships.

Review daily alerts in accordance with the parameters assigned in the OFSAA AML system.

Review all source-of-funds documents daily.

Handle and escalate generated alerts for closure through OFSAA to the AML/TM team leader, Chief Compliance Officer and Deputy Chief Compliance Officer.

Monitor customer transactions across the bank in line with the standard transaction monitoring procedure in OFSAA.

Escalate alerts to the relevant branches for feedback and supporting documents.

Follow up with branches to close alerts within the required time frame.

Review alerts and supporting documents to identify suspicious transaction reports (STRs).

Establish a trail to confirm the source and destination of funds using supporting documents received from branches.

Monitor SWIFT, ATM and Western Union transactions according to the defined procedures.

Prepare consolidated management information on activities including alert handling and escalation.

Report suspicious transactions.

Investigate alerts and referrals and file STRs with the appropriate financial intelligence unit when required.

Act on accounts after an STR, including changes to the customer's risk category.

Follow up on failed delivery statuses or observations raised by FinTRACA concerning STR reporting.

Report relevant STRs to Western Union.

Monitor alerts generated by automated systems and referrals from business staff.

Establish a “contribution-free system” for branch staff to report suspected activities and transactions, as stated in the original vacancy.

Perform other tasks assigned by the Chief Compliance Officer.