Transactional Monitoring Officer at UBA

 

At UBA, we strongly believe that our people are critical to our success in building a sustainable and dominant business in the countries we operate in, across Africa and beyond. We go to great lengths to source, attract, recruit, develop and retain the best talent, wherever they may be in the world. To this end, we are always striving to:

– Provide a non-threatening environment that encourages and rewards role-model performance.

– Help our work-force maintain a healthy balance between work and their personal lives amongst others....

Job Title: Transactional Monitoring Officer

Job Location: Lagos

Employment Type: Full Time

Interested in joining the UBA Tribe? We are looking to hire talent and skilled individuals as Transaction Monitoring officers. The ideal candidates must understand AML/ CFT related laws and policies, CBN Policies, EFCC Act, NDLEA Act. etc. You must currently work in a commercial bank carrying out the same function.

The ideal candidates must also be conversant with the following:

1. Knowledge of Banking Operations
2. Deep knowledge of the Bank’s Products, Services and Processes
3. Knowledge of MLPA 2011(as amended), CBN AML/CFT Regulations, 2013 (as amended), and other key AML/CFT regulations 

   

Job Objective(s):

1. To carry out transaction monitoring reviews to identify, report and protect the bank from any transaction that may lead to ML/TF.
2. To render prompt compliance advisory support to ensure the bank’s operations and business transactions follow all relevant regulatory provisions and internal policies.
3. To assist the GCCO to embed a culture of compliance in the bank by ensuring that the Banks AML and Counter Financing of Terrorism’s efforts are in line with Group standards and international best practice thereby preventing the Group being exposed to the risk of sanctions and associated financial/reputational loss as a result of failure to comply.

 

Duties & Responsibilities

• Review of Actimize SAM (Suspicious Activity Monitoring) alerts to identify and report suspicious transactions
• Review of Actimize WLF (Watch-List Filtering) for Sanctions Compliance (both transactions and onboarding screening)
• Review of SWIFT Sanctions Screening alerts for Sanctions Compliance (only transactions screening).
• Risk Based Review of Accounts for suspicious activity
• Rendition of RBS and AML returns
• Periodic update of the Bank’s Internal Watchlist.
• Periodic Update of the Bank’s PEP database
• Investigation of suspicious transactions and reporting on NFIU goAML Web.
• Review of BVN discrepancies and IMTO Transactions
• Response to Information from Correspondent Banks.
• Provide prompt compliance advisory support to all internal stakeholders
• Keep abreast of internal standards and bank’s business goals.

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EXPECTED OUTCOMES

1. Prompt compliance advisory support
2. Achieve zero reported violations of OFAC, HM Treasury, EU, UN Sanctions regime and other AML/CFT/ABC laws and regulations.
3. Efficiency and count of Suspicious Transactions Reports (STRs) filed with NFIU for identified suspicious transactions.
4. Improved TAT in percentage of SAM/WLF alerts reviewed

Desired Skills:

1. Strong Analytical skills
2. Quantitative skills
3. Proficiency in the use of the computer and basic applications like excel, power point, etc.
4. Good Interpersonal and Communication Skills

Behavioral Expectations:

1. High degree of professional ethics, integrity and responsibility
2. Highly organised, proactive, ability to work independently and take ownership of tasks assigned
3. Team player with ability to work under pressure and ability to work with a wide variety of people and maintain excellent business relationship
4. High sense of confidentiality and discreteness

Educational Qualification:

First degree in any relevant course of study with a minimum qualification of Second Class Lower.

MBA or relevant Master’s Degree will be an added advantage

Experience

Experience in Operations, Internal Control or Audit & Compliance, External Auditing, Risk Management

How to Apply

Interested applicants should send their updated resumes to Careers@ubagroup.com with the role as the subject matter. Application closes Monday August 16, 2021