Develop and implement compliance model required for a Bank to operate within acceptable standards.
Liaise with senior managers to ensure proper implementation of established compliance policies.
Review internal Bank policies to ensure they align with external banking regulations.
Conduct research to identify new regulations/laws passed by governing bodies.
Monitor client financial activities to ensure they are legal and in compliance with internal and external Bank policies.
Collaborate with Internal Audit Department to forward compliance issues for investigation.
Develop systems for handling and resolution of policy violation.
Monitor the operations and procedures of different sections of the Bank to ensure overall compliance.
Carry out assessments to identify areas of potential compliance risks to implement preventive/corrective strategies to address compliance issues.
Provide reports on regular basis to senior management to keep them updated on progress of compliance operations.
Organize compliance programs to educate staff on recent and already existing compliance requirements.
Update and implement risk assessment framework.
To check onboarding customers, including high risk customers.
Report suspicious transactions.
Review customers’ financial transactions to determine if there are any signs of money laundering or other illegal activity taking place.
Investigate suspicious transactions for potential fraud or criminal activity.
Analyze financial data to detect potential money laundering activities such as large cash deposits or wire transfers involving multiple countries.
Conduct training sessions on AML policies and procedures to employees who handle financial transactions or are involved in risk assessment activities.
Report suspicious activities to Bank of Ghana or law enforcement agencies.
Maintain an updated list of Politically Exposed Persons (PEPs).
Monitor new trends in financial crimes to identify new methods of money laundering.
Recommend changes to AML procedures to increase effectiveness of compliance programs and detect criminal activity more quickly.
Investigate information provided by banks, businesses, or other entities regarding possible violations of anti-money laundering laws.
Perform any other duties assigned by the Board and CEO from time to time.
Minimum of a bachelor’s degree in Accounting, Finance, Law, Economics, Banking, or related business discipline. Or Part Professional certifications such as CRCM, CBCO, or CRCP or full Professional qualification such ICAG, ACCA or CIB
Must have knowledge in T24 Banking software and in credit administration
Must be a team player and have the ability to handle complex issues