Anti-Money Laundering Officer

Job Summary

The Senior Executive of AML/CFT Unit of KAF Digital Bank is responsible for ensuring, assessing and monitoring Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) risks, reporting the Financial Crime Compliance (FCC) periodically to Senior Management, ensuring that AML/CFT and FCC training and awareness are provided to the staff and to ensure KAF Digital Bank compliance with all applicable laws, regulations, and internal policies.

Key Responsibilities

1. AML/CFT Compliance Programme

 Review the operationalisation of AML/CFT governance and operations implementation within KAF Digital Bank.

 Review and evaluate in facilitating the centralised analysis, review, advisory, testing and monitoring of initiatives related to the overall AML/CFT in KAF Digital Bank.

 Review and monitor the execution of policy and procedures related to AML/CFT and FCC in KAF Digital Bank.

 Review the facilitating for operationalisation of the integrity and ethics portfolio within KAF Digital Bank.

2. AML/CFT Compliance Risk Assessment & Review

 Review and evaluate the compliance programme (periodic risk assessments and monitoring) to ensure adequate controls and compliance of AML/CFT activities within the KAF Digital Bank for reasonable assurance of the overall integrity and validity of Compliance risk measurement.

 Monitor the assessment and review of AML/CFT deliverables in KAF Digital Bank, including but not limited to:

i. ensure orderly working of internal suspicious transaction reporting;

ii. ensure adequate review on the financial transactions conducted within

KAF Digital Bank to detect suspicious transactions;

iii. ensure effective review of the clientele onboarded against sanctions list and other screening mechanisms;

iv. ensure reporting of any suspicious transactions or activities to regulator(s); and

v. ensure effective review and collation/tabulation of STR information in KAF Digital Bank.

 Monitor and review the preparation of reports on financial crime risks related to sanctions, market abuse, insider dealing, bribery, corruption, fraud and tax evasion throughout KAF Group’s business and activities.

 Facilitate AML/CFT and FCC advisory on the applicable laws, regulations and rules.

3. AML/CFT Compliance Reporting

 Preparing AML/CFT and FCC reports for relevant management and board committees, including analysis of AML/CFT and FCC-related risks, progress and controls within KAF Digital Bank.

4. AML/CFT Compliance Training and Awareness

 Preparing, arranging and/or conducting relevant training and awareness to the staff to ensure contemporary AML/CFT and FCC knowledge of the staff is up to date.

5. Other Duties

 Facilitate efficient communication between KAF Digital Bank and relevant stakeholders on ML/CFT and FCC-related matters.

 Perform any ad-hoc tasks assigned by the AMLO, Head of Compliance KAF Digital Bank.

Qualifications and Requirements

 Proven experience in compliance with at least 3 years experience years’ experience in AML / CFT particularly.

 Bachelor’s degree in Finance, Banking, law or a related field.

 Professional certifications such as Certified Compliance Professional (CCP), Certified Islamic Professional Accountant (CIPA) or relevant AML/CFT certifications are highly desirable.

 Certification in Compliance (ICA/AICB) is an added advantage.

 Strong analytical mindset and ability to adapt to a fast-paced environment.

 Excellent communication skills, both written and verbal.

 Good knowledge and understanding of overall AML/CFT and FCC processes, policies, and operations.

 Familiar with transaction monitoring systems, different risk scenarios and performing UAT.