AML Officer/Senior Officer

Company: Al Ahli Bank of Kuwait – Egypt
Location: Cairo, Egypt
Employment Type: Full-time
Description:
Job Purpose: Performing the day-to-day activities of the AML Unit and monitoring the daily or monthly transactions.

Accountabilities:

Reports:
• Reviews/Monitors the AML Daily & Monthly reports, unusual activities, to identify the suspicious transactions in order take the necessary action accordingly.
• Participates in the preparation process for EMLCU & Audit Committee reports, in a timely manner.
• Follow up on FX transactions & reports.
• Follow up on Cash notifications transactions & incoming transfers from High risk Countries reports.
• MIS reports for Risk assessment study.

Validation & Monitor:
• 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.
• Weekly follow up report on… aging alerts with branches & Client accounts management department.
• Replacement for pre fact approvals for account opening.

Investigation & STRs:
• Investigate unusual/suspicious activity transactions, alerts & received STRs to determine if any of those transactions are suspicious to money laundering, and present it to AML Unit Head/Head of Compliance for obtaining guidance to carry on further investigation.
• Investigate various queries concerning customer data (requested by EMLCU or CBE); and presents the results of that investigation to the “Head of AML” in order to respond.
• Replace the Sanctions officer in Names search received from EMLCU.

Engagement:
• Follow up on branches review report done by IA department to ensure closing all open issues in it’s target dates & 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.
• Assist in preparing response to the AML questionnaires of the corresponding Banks, as well as reviews the response on ABKE AML Questionnaires received from the correspondent Banks.
• Replace Sanctions officer in replying to inquiries received from correspondent banks.
• Any additional tasks required by AML Head.
• Keep the updated detailed records regarding AML/CFT issues, STRs, properly as per the procedures.

Compliance Culture:
• 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 management

Source: LinkedIn

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