Job vacancy Aml/cft Analyst


Announced
16 April, 2024
Job Type
Employee
Job Status
Full Time
Job Title

Aml/cft Analyst

Job Location
Accra
Job Presentation
Company Profile

Advans is a leading microfinance group established in 2005. Advans mission is to respond to the need for financial services of small businesses and other populations who have ill-adapted, limited or no access to formal financial services. The Advans Group currently spans nine countries: Cambodia, Cameroon, Ghana, the Democratic Republic of Congo, Côte d’Ivoire, Pakistan, Nigeria, Tunisia and Myanmar. As at end October 2019, the group served more than 1,000,000 clients and employed more than 7,300 staff. Headquartered in Luxembourg with support services in Paris, the group’s shareholders are EIB, KfW, FMO, CDC Group plc, FISEA (AFD Group) and IFC.Advans Ghana, subsidiary of the international microfinance group Advans, started its activities in 2008. The institution offers a full range of adapted financial products and services to micro, small and medium sized enterprises in Ghana. The institution serves more than 64,000 clients through a network of 20 points of sale and over 650 employees.


Do you want to work in an international environment with a focus on developing countries? Do you have a passion for investigating anti-money laundery and countering of terrorism in complex business environments? Then Advans has the position for you! In joining the Risk team as AML/CFT Analyst you will be responsible for maintaining the company’s obligations relating to the
identification, review, and reporting of money laundering activities.

The position is permanent and based in our Head Office- Accra.

What will your role be?
You will work within the Risk Department to:

Contribute to utilizing various tools in the detection, screening, and monitoring of all systems, and processes to ensure compliance with BoG/FIC guides, FATF Recommendations and AML regulations.

You shall be responsible for preparing reviews as well as submitting regulatory reports.

MAIN RESPONSIBILITIES

  • Perform reviews of client account openings, identify breaches, and liaise with business units to ensure compliance with KYC procedures.
  • Assist branches and other units to resolve difficult AML/CFT issues and take necessary steps to ensure corrective measures.
  • Performing daily monitoring and screening transactions to identify suspicious transactions to ensure compliance.
  • Conduct regulatory monitoring to ensure that all new developments are incorporated into the Company’s policies.
  • Assist in the development and review of existing policies and procedures.
  • Review of ex-post controls on remittances to ensure that all reflags are identified and addressed timeously.
  • Assist branches in conducting due diligence on transactions as may be required.
  • Continuously review institutional AML/CFT risk assessment based on changes of risk levels.
  • Perform update of sanctions, black and watchlist and PEPs as may be required.
  • Support in the development of AML/CFT risk assessment framework
  • Develop an internal watchlist and monitor to ensure that only desirable persons transact business with the Company.
  • Support and monitor the implementation of control measures in all business units to mitigate the risk of AML/CFT
  • Evaluate AML/CFT information received from all business units to continuous improvement in controls.
  • Conduct self-assessment and work with different departments to follow up closure of gaps identified.
  • Assess the regulatory risks of new business initiatives, regulatory interventions, and changes to the financial environment.
  • Ensure all management personnel and staff are fully knowledgeable of the risks involved and about their responsibilities with regard to AML-CFT.
  • Meet all regulatory requirements and recommendations for anti-money laundering compliance. Co-operate with any lawful requests for information made by government agencies during their investigations.
  • Provide periodic reviews as well as timely updates to implement changes in regulations.
  • Support the AMLRO to provide training on AML/CFT Topics
  • Liaise with third parties to perform on issues related to remittances and general AML/CFT.
  • Attend workshops organized by Savings and Loans Association, BoG, and FIC to keep abreast with current trends in AML/CFT

    • REPORTING
    Prepare monthly, and quarterly reports including data capture, self-risk assessment and other reports as may be required Produce ad hoc reports for review.

    OTHER ASSIGNMENTS

  • Any other assignment assigned by Head of Department.

    • CHALLENGES
    Obtaining information from different units on time could be a challenge for this position.


    Education Required: Bachelor’s Degree

    Requirements
    • Degree in Any field.
    • ACAMS qualification desirable
    • Minimum 3 to 5 years’ experience as AML/CFT function in a financial services industry
    • Familiarity with operational, financial, and quality assurance procedures and regulations is a must.
    • Knowledge of statistics and experience using statistical packages for analyzing datasets (Excel, internal tools, etc.)
    • Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy
    • Excellent communication skills – written and spoken.
    Valid Till
    15 May, 2024 (15 days left)

    JOB BY
    Jobsinghana
    59 Okodan St, Blue Gate district, Osu, Accra near Papaye, Accra
      +233 0302 760143, +233 24 3925110

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