Anti-Money Laundering (AML) Compliance Officer

Job Summary

Anti-Money Laundering and Combating the Financing of Terrorist (AML/CFT) activities and related tasks in the enterprise. Ensure CBN regulations relating to AML/CFT are adhered to.

Job Details

Key responsibilities include:

•    New Merchant on-boarding and documentation review to ensure compliance with the minimum KYC requirements as stipulated by the CBN and AML/CFT (Anti-Money Laundering/Combatting the financing of Terrorism) assessment of the Merchant to ascertain the merchant’s risk exposure.
• AML/CFT Awareness Campaign and training of staff on regulatory guidelines.
• Review of Merchant Service Category (MSC) Changes which involves investigation of unapproved upgrade or modification of merchant services.
• Monitoring of high-end transactions on the Agency network and PayAttitude platform to report peculiar and evolving trends of user activities and to identify AML/CFT concerns and breaches (if any).
• Populating the AML register and Reporting of suspicious money laundering activities to identify peculiar AML/CFT concerns and provide reports gotten from all monitored transactions.
• Monthly regulatory report of suspicious transactions as it relates to PEPs and report rendition to regulators.
• Periodic review and investigation to check merchant's compliance with regulatory processes predominantly bothering on KYC documentation changes. Analysis of merchant Enhanced Due Diligence (EDD) rating to ascertain their level of compliance.

Requirements

Qualifications:
     1. A graduate from a Reputable University/Polytechnic in social sciences, business administration, Computer science and Engineering discipline.
     2. Knowledge of Anti-Money Laundering and Combating the Financing of Terrorist (AML/CFT) and related activities, CBN regulations relating to AML/CFT.

Experience:

•  Understanding of the key technical concepts in AML.
•    At least four (4) years of experience in compliance, risk management, or related fields.

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.