AML Analyst I&M Bank Uganda

The Anti-Money Laundering Compliance Analyst is responsible for performing CIP, KYC, and AML compliance functions. Such functions include efficient gathering and reviewing of new high risk customer information, as well as monitoring financial transactions for existing customers to identify suspicious activities. The AML Compliance Analyst also analyzes information received from correspondent banks and address AML economic sanctions related alerts and assists in compiling regulatory reports.

KEY RESPONSIBILITIES:
• Review of KYC for new high-risk customers.
• Carrying out EDD on existing high-risk customers such as PEPs, motor vehicle dealers, and Forex Bureaus.
• Carry out sanction screening on escalated cases on vendors, UBOs, and customers.
• Review suspected sanction matches on transaction activities and or customers.
• Conduct detailed Investigations and assessments on alerts relating to potential money laundering risks.
• Ensure efficient identification and monitoring of activities and transactions considered suspicious
• Ensure timely and efficient reporting of transactions considered suspicious
• Daily assessment of SWIFT and AML reports relating to potential suspicious activity
• Provide management of AML alerts and ensuring monitoring quality and productivity levels
• Support complex transaction monitoring
• Processing and concluding cases allocated in a timely manner within the agreed TATs whilst maintain quality control/ quality assurance results in line with Group and local expectations
• Ensure timely initiation of follow up actions including heighten monitoring, CDD review and list additions
• Develop, keep up to date and recommend enhancement of appropriate policies/ processes/ to address financial crime risks, aligning with relevant regulatory requirements.
• Assist in the preparation of periodic regulatory returns- CMA, Financial Intelligence Authority, and Bank of Uganda returns.
• Assist in ad hoc regulatory requests.
• Ensure proper record-keeping of data collected and analysed, all the EDD reports conducted, and suspicious transactions reported.
• Support preparation of reports for management, board, and regulator.
• Prepare and submit periodic regulatory returns (BOU AML data collections, compliance returns, and CMA returns)
• Assisting in the preparation of AML /CTF training, ABC modules for the bank employees.
• Raise awareness and provide training for bank employees on AML and CFT policies.
• Raise AML and CTF awareness by championing the same through newsletters, and direct email communication to the relationship management team.
• Assist with addressing queries from correspondent banks relating to AML compliance.
• Stay current with money laundering and terrorist financing behaviours, issues, policies, regulations, criminal typologies, industry best practices, and developing trends to provide Business advisory on KYC, AML, sanctions, and adverse media and providing guidance in dealing with high-risk accounts.
• Perform annual risk assessment on the bank’s products, customers, and channels.

Assist in testing and providing advice on AML risk on various bank projects.
• Understand technical aspects of systems relevant to customer due diligence, client risk assessments, Name and transaction screening, AML monitoring
• Ensure that detection scenarios that are developed are fit for purpose
• Make recommendations to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from regulators
• Assess risks arising from products, geographies, customers/ transactions
• Analyse significant financial crime risk events e.g. STRs, con compliance transactions to ensure that all connected parties, particularly cross border are identified and reported at the appropriate levels internally and externally where applicable
• Advise relevant stakeholders on outcomes of AML/ Sanctions/ ABC risks identification
• Ensure significant investigations are concluded internally and externally
• Provide intelligence inputs to support calibration of the bank’s risk methodologies (including aggregate client risk, product risk and country risk assessments)
• Apply risk and data analytic tool/techniques to optimize and tune relevant detection scenarios, and screening and monitoring systems.
• Ensure that the relevant lists and database as used by screening systems are up to date

JOB REQUIREMENTS (Education, Experience and Competencies)
Education:
• Bachelor’s degree in information technology/ systems, Computer science, Computer/ electronic engineering, Business statistics or related field with at least two years’ technology and/or risk management fields.
• Foundation computer programming skills to support scenario scripting.
• AML&CFT training including Certifications will be an added advantage.
• Good knowledge of Money laundering Risks and Regulations.
• Good written and verbal communication skills.

Experience:
• Minimum of two year’s relevant AML experience in identification of Suspicious Activity in large complex environments.
• Previous experience with financial services companies especially in alternative channels e.g., digital/mobile banking, mobile money.
• Able to analyse large volumes of data using data analytical tools e.g., ACL or SQL or Excel.
• Previous experience with 24/7 Network Operations Monitoring