Branch Compliance Officer at Stanbic IBTC Bank

Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa's financial system for 150 years, and now spans 16 countries across the African continent.Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.We are recruiting to fill the position below:Job Title: Branch Compliance OfficerJob ID: 33690Locations: Benue/KogiJob Sector: ComplianceJob PurposeEnsuring compliance with the relevant Anti-Money Laundering and Combating the Financing of Terrorist (AML/CFT) and related activities legislations.Monitoring transactions of customers to determine whether the transactions are in line with the customers’ profile.Monitoring of sanctions and Politically Exposed Persons (PEP) alertsInvestigation of suspicious and unusual transactions.Review and escalation of Suspicious transaction reports through Head AML/CFT to the Chief Compliance Officer.Keep abreast of current AML/CFT issues.Providing advisory support to the branches on know Your Customer (KYC) issues/enquiries. Providing timely responses to all request received from regulators/law enforcement agencies relating to KYC/AML/CFT issues.Preparing monthly compliance report highlighting the compliance issues in the branches under their purview.Tracking and resolving all KYC/AML/CFT issues identified in both external and internal examinations/inspections within agreed timelines.Providing relevant update to the Head AML/CFT on all KYC/AML/CFT issues.Ensuring that members of staff are trained on KYC/AML/CFT issues.Ensuring all accounts opened in the branches are KYC compliant.Monitoring adherence with compliance related policies.Conduct monitoring exercises on compliance issues in the branches.Monitor effectively the level of compliance with policies such as Gift and Entertainment Policy, Outside Business Interest (OBI) Policy.Effective monitoring of legislations and regulations applicable to the branches. Assist and advice on the process of identifying and monitoring PEPs and other targeted high-risk persons and entities.Key Responsibilities/AccountabilitiesKey Responsibilities:Responsible for face to face AML/CFT training.Review of KYC of accounts opened in the branchesProvide assistance on compliance issues arising out of fulfilling AML/CFT obligations.Keep abreast with the Stanbic IBTC/Standard Bank AML operations, standards and controls.Creation of awareness to members of staff on how to identify suspicious money laundering or terrorist financing activity and further assist in the reporting or investigation of suspicious and unusual transactions when required.Providing advice, support and guidance to branches on AML/CFT matters.Assist in providing AML/ CFT support to Operational areas to ensure effective implementation of controls and processes.Escalation of material issues to the Head, AML/CFT.Ensure proper record keeping of KYC documents at the branchesEnsure that Senior Management’s approvals are in place for all high risk customers.Key Performance Measures:Frequency of training in line with the training calendar.Timely resolution of AML/CFT enquiries and escalation of issues where necessary. 100% KYC compliance status for newly opened accounts.Periodic awareness creation on money laundering or terrorist financing activity.Timely rendition of monthly reports to the Head AML/CFT.Zero tolerance to fines and penalties on AML/CFT related issues from the branches overseen.Satisfactory AML/CFT audit of the branches overseen.Internal Relationships:Build relationships & provide AML/CFT guidance to the wider business team.Develop relationships with key business, operational, internal audit & IT staff within the various businesses. 

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