Bayzat

Financial Crime

• Implementing AML frameworks, procedures and policies
• Maintain AML/CTF policies and procedures
• Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
• Assist in the development of compliance initiatives and programs to comply with the respective legal, licensing, and regulatory obligations
• Ensure compliance with regulatory framework
• Monitor, analyse, and report suspicious activity/transactions
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases
• Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
• Provide oversight and guidance to the operational team, which acts as the first line of defence
• Maintain a proper register of all incidents reported
• Conduct compliance awareness and training on the requirements of the policy and guideline; retain appropriate records of CDD, transactions, suspicious activity reporting and AML training
• Reviewing and auditing the organization’s adherence to compliance procedures
• Reporting compliance issues and recommending changes, as well as escalating high risk matters conducting transaction monitoring reviews, deep investigations, and reporting suspicious transactions related to money laundering and terrorist financing
• Conduct self-assessment and work with different departments to follow up closure of gaps identified
• Ensure all management personnel and staff are fully knowledgeable of the risks involved and about their responsibilities with regards to AML-CFT
• Maintain and handle internal procedures to ensure that suspicious activity is reported in accordance with requirements prescribed by local laws and regulations
• Handle other duties as assigned to assist with the effective administration of the AML and KYC Policies

Senior AML & CFT Compliance Analyst