Provide support to the Compliance Function of the Unit t to ensure adherence with legal and regulatory requirements and the VM Group Society’s internal policies and procedures.
Details
DUTIES & RESPONSIBILITIES:
- Conduct daily reviews, monitoring of customer and customer transactions to identify anomalies, adverse trends, patterns, suspicious activities to be investigated and reported.
- Follow-up with VMTS customers regarding compliance queries.
- Respond to compliance queries/requests from staff and Overseas Partners on AML/CFT matters within specified timeframe and Service level Agreement.
- Create, assemble and maintain schedules/spreadsheets for monitoring and record keeping and prepare statistical and maintenance reports as necessary.
- Prepare documentfor Court Orders and other requests from the relevant authorities
- Prepare and report STR, TTR and TPA to Assistant Manager of Compliance
- Advise VMTS head office, branches and Subagents of Compliance breaches and follow up to ensure that directives to branch personnel are dealt with in the prescribed timeframe
- Conduct due diligence in relation to detecting fraudulent/unusual/suspicious transactions.
- Consult with other business areas of the Group, as deemed necessary to ensure AML/CFT Policies and procedures are adhered to.
- Remain current with all applicable changes to AML/CFT laws and regulations.
- Maintain records of all reports filed with the Designated Authority.
- Research and obtain data on Compliance issues for submission to Compliance Analyst to aid in the preparation of monthly reports.
- Assist with AML/CFT documentation and training of staff, as required.
QUALIFICATION & EXPERIENCE:
- First Degree from a recognized tertiary institution with a strong emphasis in any of the following: Business Admin, Finance, Risk Management or any other related field
- At least one (1) year’s working experience in a regulated financial institution.
- Knowledge of Anti-Money Laundering, Counter Financing of Terrorism (AML/CFT) laws and regulations and international AML/CFT standard setting bodies and standards of best practice.
- Knowledge of applicable processes, techniques and methods associated with money laundering investigation and detection
- Sound knowledge of VMTS policies, procedures, operations and internal controls
- Knowledge of relevant rules, regulations, laws, applicable to the Group
- Strong organizational and analytical skills
- AML/CFT training
- Proficiency in Microsoft Office tools
- Data and Systems analysis (regarding transactional data, review of system reports)
- Research Skills (related to existing and newly implemented regulatory guidelines
Application Deadline: Friday, September 25, 2020
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