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At least 5 years’ experience in retail banking and/or commercial banking including a minimum of 3 years sales experience.
At Sidian Bank, we recognize the significant accountability and inherent risks that an entrepreneur takes to make his ideas and dreams a reality.
It is for this reason that our mission is to empower entrepreneurs to create wealth through provision of transformational financial solutions that meet entrepreneurs needs and facilitate growth through convenience and choice.
The AML – CFT – CPF and Compliance Analyst at Sidian Bank is responsible for supporting the Bank’s compliance framework by ensuring effective implementation and monitoring of Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Counter Proliferation Financing (CPF), and overall regulatory compliance requirements. The role is critical in safeguarding the Bank against financial crime, regulatory breaches, and reputational risk while ensuring adherence to applicable laws, regulations, and internal policies.
Key Responsibilities
The Analyst will conduct ongoing monitoring of customer transactions and activities to detect unusual, suspicious, or high-risk behavior in line with AML, CFT, and CPF regulations. This includes reviewing alerts generated by transaction monitoring systems, performing detailed investigations, and documenting findings in a timely and accurate manner. Where necessary, the jobholder will prepare and submit Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) to the relevant regulatory authorities in accordance with statutory timelines.
The role involves supporting the implementation and maintenance of effective Know Your Customer (KYC) and Customer Due Diligence (CDD) processes, including Enhanced Due Diligence (EDD) for high-risk customers. The Analyst will review customer onboarding and periodic reviews to ensure completeness, accuracy, and compliance with regulatory requirements and the Bank’s internal policies. The jobholder will also participate in customer risk assessments and sanctions screening, including monitoring of politically exposed persons (PEPs) and adverse media.
The AML – CFT – CPF and Compliance Analyst will assist in developing, reviewing, and updating compliance policies, procedures, and controls to reflect changes in laws, regulations, and regulatory guidance. The role includes supporting compliance risk assessments, internal audits, and regulatory examinations, as well as tracking and following up on remediation of identified gaps or weaknesses.
The Analyst will work closely with business units, operations, risk, and IT teams to provide advisory support on compliance-related matters. This includes responding to compliance queries, providing guidance on regulatory requirements, and supporting the rollout of compliance training and awareness programs across the Bank to promote a strong compliance culture.
Transaction Monitoring and Reviews
Collaborative Partnerships
Strengthening Risk Management
Reporting
Transaction Monitoring and Reviews
Implement adequate AML/CFT/CPF controls to ensure that all possible areas of AML/CFT/CPF concerns are covered.
Perform regular reviews of all AML/CFT/CPF controls to assess effectiveness. This includes.
Sanction and Politically Exposed Person (PEP) screening program
Transaction monitoring program
Suspicious Activity Reporting (SAR) management program
Adverse Media mentions review program
Investigative orders management program
Perform detailed analyses to detect patterns, trends, anomalies and schemes in transactions and relationships across bank’s processes/ customers/ products.
Collaborative Partnerships
Assist in implementing a bank-wide AML/CFT/CPF program through risk awareness training program for all staff especially on identification and reporting of suspicious transactions.
Maintain detailed knowledge of current AML/CFT/CPF regulations and keep track of developments within the AML/CFT/CPF scope, sanctions, terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
Maintain strong working relationship with internal stakeholders to ensure that compliance issues are regularly discussed and addressed
Strengthening Risk Management
Ensure that AML/CFT/CPF procedures and processes are in line with regulatory requirements.
Proactively identify gaps in the assigned reviews, assessments, projects and follow up on implementation of agreed mitigation controls.
Monitor and track closure of management actions from the compliance regulators and External auditors’ reports.
Reporting
Prepare weekly, monthly and quarterly reports on the state of AML/CFT/CPF program to the MLRO
Report control weaknesses or lapses to the manager in a timely manner, recommend mitigation controls or process and policy changes and follow up implementation of agreed actions.
Execution of instructions and any other duties from the Manager Compliance/ Senior Manager Compliance, as assigned from time to time.
DECISION MAKING AUTHORITY
Closure and escalation of alerts
Suspicious transaction to be reported
Appropriate documentation for use in Suspicious Activity or Transaction supporting documents
Transactions to be marked in the system as suspicious
Customers to be updated in the blacklist
Communications to business on awareness on issues and trends noted
Appropriate remediation action on implementing the Bank’s AML/CFT/CPF program
Training requirements for the business
Compliance activities to be monitored
Sample High-risk accounts to be reviewed.
Bachelor’s Degree
Knowledge of money laundering techniques and regulations
Knowledge of regulatory compliance requirements and risk management principles
Demonstrable analytical skills and Experience in working with Server Query Language (SQL) and analyzing large volumes of data
Good knowledge of payment services and operations
Good Organizing and planning skills
Good knowledge of payment services and operations
Results oriented, effective communicator and a team player eager to learn and share experiences
Proficiency in Microsoft Office Applications.
PROFESSIONAL CERTIFICATION REQUIRED
Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (ACAMS).
Position Applying For: AML – CFT – CPF and Compliance Analyst
