AML Compliance Officer at Urwego Bank PLC: (Deadline 20 July 2022)

AML Compliance Officer at Urwego Bank PLC: (Deadline 20 July 2022)

JOB OPPORTUNITY

Anti-Money Laundering (AML) Compliance Officer

Urwego Bank Plc is dedicated to provide financial services to the people of Rwanda. Motivated by Jesus Christ’s call to serve those in need. Its mission is to achieve economic spiritual transformation in the lives of underserved, using financial services and tested trainings as we share Jesus Christ’s love. Urwego Bank wishes to recruit (1) qualified, competent, committed and proactive AML Compliance Officer to support the AML & CTF Program under Risk Management Department of Urwego bank Plc Head Office.

Job Title:  AML Compliance Officer

Department:  Risk Management

Reporting to: Compliance Manager

Directly supervises: None

Location: Kigali, Rwanda

JOB SUMMARY

The main obligation for an AML Compliance Officer is to implement an AML and CTF program, so that Urwego Bank is compliant with AML financial regulations;

An AML & CFT Officer will be responsible for conducting AML and Know Your Customer (KYC) reviews, risk assessment, investigations and relevant remediation in addition to Ad Hoc Projects;

Prepare “Suspicious Activity Reports” (SAR) and Cash Transaction Reports (CTR), conduct assessment and report to the relevant regulatory agencies e.g., Anti-Narcotic Unit (ANU) in Rwanda National Police, National Bank of Rwanda (BNR), Rwanda Investigation Bureau (RIB) and Rwanda Financial Investigation Unit (FIC); Again, implement FATCA requirements by monitoring and reporting account balances for USA Nations to FATCA.

RESPONSIBILITIES

Promote and fulfil Urwego Bank’s 3Ms as listed above while working within a Christ-centered environment that is mission-driven, community-oriented and results-driven.

Spiritual Integration and Christian Witness

1. Ensure a personal, healthy spiritual balance within family, work, and church life through the adoption of biblical personal and spiritual disciplines; and
2. Conduct daily work, make decisions, and help Urwego Bank make decisions in a way that witnesses to the presence, power, and love of Jesus and the reality of his Kingdom on earth.
3. AML & CTF Job Requirements and Responsibilities include:

• Assist in the administration and review of Client Risk Scoring, Client Identification and KYC documentation oversight requirements. Conducting reviews of client documentation submitted by Business Units;
• Responsible for performing Know Your Customer (KYC), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for Politically Exposed Persons (PEPs) during onboarding of new customer and during periodic account reviews;
• Collect and analyze documents related to account opening requirements in order to identify control persons and underlying Beneficial Owners (BO).
• Work with Business Units (branch personnel) to resolve account opening issues, obtain necessary information during investigations and perform ongoing reviews of the KYC/customer. Follow up and track all documents required to satisfy new account requirements;
• Assist in KYC periodical reviews and refresh of current Client population as needed.
• Ensure that information obtained is consistent with the bank’s AML Policy and Procedures and satisfies regulatory requirements. Follow up and track all documents required to satisfy new account requirements;
• The identification of ML/TF risks associated with new products or services or arising from the operational changes, including the introduction of new technology and processes;
• Escalate high risk issues identified to Senior Management for decision making and approval process;
• Assist Management with inquiries from employees, business managers, internal and external auditors by providing information and guidance in a timely manner;
• Previous knowledge in conducting transaction monitoring reviews, deep investigations, and reporting Suspicious Activity related to ML & TF (SAR filings), including wires and other irregular activities;
• Support an annual review of the efficiency and effectiveness of the transaction monitoring process.
• Anti- money Laundering Compliance Officer (AMLCO) will maintain a file of all “Red Flags” identified. This file must be available for audit review.
• Maintain a file on all suspicious activity for a period of at least 10 years.
• Ensure the update of Specially Designated National (SDN) List and screening by relevant Units.
• All employees are aware of the AML/CTF measures, including policies, control mechanism and the channel of reporting;
• Internally generated suspicious transaction reports by the branch AML Compliance Officers are appropriately evaluated before submission to the FIC, BNR;
• Monitor Suspicious Transactions and Activities (STA) flagged by AML System, conduct comprehensive assessment before escalating to Senior management for decisioning and approval;

QUALIFICATIONS

The Position Profile:

• University Degree in relevant field preferably in law
• 3-5 Years of experience performing the same duties/responsibilities in a financial institution;
• Experience with KYC and AML metrics reporting;
• Certified Anti-Money Laundering Specialist (CAMS) Certification
• Christ-centered character, passion to serve underserved communities of Rwanda;
• Candidate must have a very good understanding of AML, KYC, Bank Secrecy Act (BSA), Office Foreign Asset Control (OFAC), and local regulatory AML regulations, directives and law with the ability to apply regulatory concepts in the day-to-day job functions.
• Must possess experience in conducting thorough research on higher risk customers, using systems and databases for investigative purposes with the ability to review high risk client activity and identify unusual patterns.
• Must possess exceptional research and analytical skills with the ability to analyze large amounts of data and interpret high risk attributes.

Personal skills and abilities

• Ability to consolidate, prepare and submit reports and correspondence on time,
• Ability to deliver business goals and own performance targets with minimum supervision,
• Ability to work as part of team to achieve departmental objectives,
• Must be a quick thinker and able to work occasionally for extended hours;

How to apply: 

Please submit your complete application in a single file attachment on the following email [email protected] (please indicate in the subject – application for AML Compliance Officer)

• Motivation/application letter explaining your suitability for the position
• Curriculum vitae (CV) and notarized copies of academic documents.
• 3 referees that are not blood relatives with their full address/contact.
• Recommendation from your church leader – Pastor, issued within the 6 months period.
• Copy of your National ID.
• Statement of Faith.
• Criminal Record Form from Irembo

Deadline for Submission of application: 20th July 2022 at  5 PM

Only shortlisted Candidates shall be contacted for the interviews.

Thank you

Urwego Bank PLC 

Management.