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Risk & Compliance Analyst (Commercial) – ()
Description
Job Purpose
The role involves on evaluating risks, ensuring adherence to international banking regulations, and monitoring for suspicious activities. Key responsibilities include performing due diligence for IMT partners both existing & new, supporting Enterprise Risk Management (ERM) initiatives, training staff on AML/CFT protocols, and developing relevant policies. The position also requires close collaboration with various departments and managing audit findings effectively.
Job Responsibilities/ Accountabilities
- Conduct risk assessments for International Banking projects to ensure regulatory compliance.
- Monitor suspicious transactions, build case files, and escalate issues to management.
- Review and fine-tune transaction monitoring thresholds annually.
- Manage AML questionnaires and document requests from partners and clients.
- Assess risks for International Banking, subsidiaries, and Money Transfer functions.
- Evaluate partnership contracts for risk alignment with business appetite.
- Develop key risk indicators for early detection and monitoring.
- Promote risk awareness and accountability through training and reporting.
- Support Enterprise Risk Management (ERM) implementation and AML/CFT query handling.
- Lead business continuity and disaster recovery planning and exercises.
- Perform Enhanced Due Diligence (EDD) and KYC on high-risk relationships and train staff.
- Foster collaboration on KYC, AML, and sanctions using advanced technologies.
- Educate stakeholders on regulations and recommend training.
- Advise on product risks and oversee product risk committee activities.
- Develop and enforce policies across subsidiaries; monitor compliance.
- Maintain product knowledge and recommend system security improvements including GDPR compliance.
- Build internal relationships to aid risk mitigation and follow up on audit findings.
- Represent the bank locally and internationally as needed.
Qualifications
Required Skills and Qualifications
- Bachelor’s degree in business management discipline or related field from a reputable institution is preferred with a postgraduate training in financial services, Risk Management and or compliance as an added advantage.
- Minimum of 1 years’ experience in KYC and AML Compliance within a fast-paced organization, with a solid understanding of banking operations, systems, and processes.
- At least 1 year of experience interacting with banking systems in risk management or control functions.
- Experience working in big data analysis environments using tools such as SQL and advanced Excel.
- Proven ability to manage and collaborate with geographically dispersed teams and navigate matrixed organizational structures.
- Commitment to adhering to a strict code of conduct and ethical standards.
- Strong alignment with the organization’s vision, mission, and values, including mutual respect, equity, justice, honesty, and transparency.
- Excellent communication and interpersonal skills.
- Demonstrates high integrity, initiative, and a positive attitude towards continuous learning and knowledge sharing.
- Knowledge of diaspora banking and international money transfer (IMT) services is a plus.
Organization
: Equity Group Holdings
