Bayzat

Senior AML & CFT Compliance Analyst

Bayzat

full-time

Posted on:

Location Type: Remote

Location: Middle East

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Job Level

Senior

About the role

  • 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

Requirements

  • Degree in a law, business, finance, economics or any other related discipline
  • CAMS certification or equivalent
  • 5-7 years’ experience in AML,CFT & Sanctions
  • Experience in AML transaction monitoring a distinct advantage
  • Knowledge of OFAC, UN, EU, and HMT regulations
  • Knowledge of FATF recommendations
  • Knowledge of the applicable legal and regulatory framework and the implementation of policies, controls, and procedures
  • Sufficient knowledge and understanding of the money laundering and terrorist financing risks associated with the business model
  • Relevant experience regarding the identification, assessment, and management of risks
  • Strong analytical and investigative skills
  • Strong project management skills
  • Attention to details
  • Willingness to work on various compliance matters
  • Proficient in Microsoft Office Suite (Word, Excel, PowerPoint)
  • IT skills and experience using prominent compliance software solutions
  • Prior experience in BFSI
Benefits
  • Growth: Fast-track growth opportunities for high-achieving members, with no rules around where, when, how, or how often.
  • Flexibility: Remote and flexible/hybrid working setups.
  • Inclusiveness: From bi-weekly company-wide town halls/all-hands meetings to regular huddles, OKR tribe meetings, celebratory dinner parties, and annual awards ceremonies held in the Metaverse, you'll be joining a truly inclusive and engaging workplace.
  • Shared Ownership: We make them shareholders! We open up rounds of ESOP twice to three times a year. And guess what, those who continue to perform and achieve great things are topped up, almost every round!
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
AML frameworksCTF policiestransaction monitoringcompliance initiativessuspicious activity reportingrisk assessmentKYC policiesregulatory complianceinvestigative skillsproject management
Soft Skills
analytical skillsattention to detailcommunication skillsorganizational skillsteam leadershipproblem-solvingadaptabilitytraining and awarenesscollaborationwillingness to learn
Certifications
CAMS certification