Job Description
Alahli Bank of Kuwait - ABK Egypt is currently looking for an experienced AML Officer who will be responsible for the following tasks
Duties and Responsibilities
Your main responsibilities in this role include the following:
Reviews/Monitors the AML reports, dynamic reports, Tele-cash, unusual activities & hidden accounts, to identify the suspicious transactions in order take the necessary action accordingly.
Participates in the preparation process for the required reports to be sent to EMLCU, “Audit Committee” and BoD, in a timely manner; in addition to regular reports “monthly, quarterly and yearly reports” any ad-hoc reports
Transactions involving sanctioned embargoes countries/individuals/entities. Monitors the status of updating Customers’ data on quarterly basis through various tools that are checked daily either manually or systematic
Review various system-generated reports “AML/ KYC system alerts” on large amounts transactions and branches comments, as well as investigate the transactions with the customer account history and KYC parameters.
Investigates unusual/ suspicious activity transactions, alerts & received STRs to determine if any of those transactions are actually related to money laundering, and present it to AML Unit Head /Head of Compliance for obtaining guidance to carry on further investigation, and to decide whether the case will be reported, to prepare STR, or to be closed.
Investigates various queries concerning Customer's Data (which have been requested by public Authorities “EMLCU”); and presents the results of that investigation to the “Head of Compliance” in order to response to “EMLCU”
Participates in visiting ABK branches /Dept. to ensure that AML/CFT law requirements and regulations are achieved. KYC, CIF forms are fulfilled properly and to ensure compliance with the policies and procedures put in place.
Respond to branches and HO departments AML & Compliance inquiries; and assist in train other branches/departments on AML/CFT, Compliance & FATCA issues.
Keep the updated detailed records regarding AML/CFT issues, STRs, as well as the updated staff training record, properly as per the procedures.
Implements a compliance culture within the bank that emphasizes high standards of ethical behavior at all levels and in all areas.
Work fully within Compliance policies , procedures and regulations in addition to support Compliance and Corporate Governance team in preforming the daily operations and any assigned tasks by managements
Ensure compliance with the International and Local Sanctions programs (including sanctions programs administered by CBE, OFAC, UN, EU) collectively referred to as “Sanctions”, through the establishment and operation of the global risk management framework to meet legislative and regulatory requirements in EGYPT.
Safe Watch Alert Management: verify the actions taken by the “Makers” the branches Head Cash.
Screening of newly opened accounts: Ensure Sanction Screening using the E-name Checker Application prior to opening the accounts on the system.
Job Requirements
Bachelors in relevant discipline (or equivalent experience).
Extensive knowledge of ABK’s services, regulatory compliance practices & procedures.
Excellent written and oral communications skills
Analytical skills is essential and very good English Language.
Minimum of 5 years banking sector experience.
Hands-on business / branches experience will be a plus
Experience in managing AML and solving regulatory compliance issues.
Job Details
Company/Organization: Alahli Bank of Kuwait - ABK Egypt
Vacancy Type: Full-time Job
Job Functions: Operations
Job Location: Egypt
Application Deadline: N/A
Apply on ABK website
