Head of Anti-Money Laundering (AML)

Job Summary

The Head of Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) in Nigeria is responsible for developing, implementing, and overseeing an organization’s compliance program to prevent financial crimes.

Job Details

Key responsibilities include:
    •    Policy Development and Implementation: Formulating and enforcing AML/CFT policies and procedures in line with Nigerian regulations and international best practices. 
    •    Team Leadership: Leading a compliance team to review and approve Know Your Customer (KYC) cases, monitor transactions, and ensure adherence to AML/CFT standards. 
    •    Suspicious Activity Reporting: Overseeing the identification, investigation, and reporting of suspicious activities to relevant authorities, such as the Nigerian Financial Intelligence Unit (NFIU). 
    •    Training and Awareness: Developing and conducting training programs to educate staff on AML/CFT regulations, ensuring organization-wide compliance awareness. 
    •    Regulatory Liaison: Serving as the primary point of contact with regulatory bodies, responding to inquiries, and ensuring timely submission of required reports. 
    •    Risk Assessment: Conducting regular assessments of the organization’s products and services to identify and mitigate potential AML/CFT risks. 
    •    Compliance Reporting: Compiling and presenting reports on compliance activities, findings, and recommendations to senior management and the board. 
 

Requirements

Qualifications:
     1. A bachelor’s degree in a related field.
     2. Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE) are advantageous. 

Experience:

•  Understanding of the key technical concepts in AML.
•    At least Ten (10) years of experience in compliance, risk management, or related fields, with demonstrated leadership capabilities. 

About Company

UNIFIED PAYMENT SERVICE LTD

https://www.up-ng.com/

UP® otherwise known as Unified Payments or Unified Payment Services Limited is a group of companies with services including Financial Technology, Banking, Payment Scheme, Digital Commerce, Value Added Service, Payment Solutions, Software Solutions, etc. The UP® Group comprises (i) UP® which is Nigeria's premier financial technology service provider (ii) Hope PSBank which is Nigeria's premier payment service bank (iii) Payattitude® which is a digital-first payment scheme (iv) UP Digital which is a telecom value added service provider; and (v) TM30 which is software solutions provider. At UP®, we PRIDE ourselves in our mission statement of Professionalism, Respect, Innovation, Dependability, and Execution. In demonstration of our cross-enterprise alliances and capabilities, companies in the UP® group provide diverse services to different businesses that offer similar or the same services as our company and her subsidiaries or associates. Major Services & Solutions The major services and solutions offered by UP® which is the parent company of the UP® Group are in two categories: B2B (Business-to-Business) and B2C (Business-to- Consumer). Under B2B, our services include (i) Processing (ii) Switching (iii) Payment Terminal Services (iv) Settlement services (v) Instant Payments/Transfers (vi) Merchant Services; and (vii) Payment Solutions/Revenue Optimisation. For B2C, the services and solutions include (i) Value Added Services (ii) Verification Services (iii) Virtual Mall; and (iv) Agency Banking.