Money Laundering Compliance Officer at Access Bank

Requirements

AML/CFT Compliance Framework:

• Develop, implement and maintain the Bank’s AML, CTF, CPF and sanctions compliance programmes.
• Ensure policies, standards, procedures and controls remain aligned with regulatory requirements and industry best practice.
• Conduct periodic reviews of the AML programme and recommend enhancements where necessary.
• Ensure effective implementation of the risk-based approach across the Bank.

Regulatory Compliance:

• Monitor compliance with applicable legislation, regulations, directives and guidance issued by regulatory authorities.
• Act as the designated AML compliance officer where required by regulation.
• Liaise with regulators, supervisory authorities and law enforcement agencies on AML related matters.
• Coordinate regulatory inspections, audits and information requests.
• Ensure timely submission of all regulatory reports and statutory returns.

Financial Crime Risk Management:

• Identify, assess, monitor and mitigate financial crime risks across products, services, channels and customer segments.
• Conduct and maintain enterprise-wide AML risk assessments.
• Review emerging financial crime risks and recommend mitigating controls.
• Monitor effectiveness of financial crime controls and risk indicators.

Customer Due Diligence (CDD) ;

• Oversee customer onboarding and due diligence frameworks.
• Ensure compliance with Know Your Customer (KYC), Customer Identification and Verification requirements.
• Review and approve enhanced due diligence (EDD) cases.
• Provide guidance on high-risk customers, politically exposed persons (PEPs), correspondent banking relationships and complex ownership structures.
• Ensure periodic customer reviews are completed in accordance with risk ratings.

Transaction Monitoring and Investigations:

• Oversee transaction monitoring processes and systems.
• Review unusual and suspicious transaction investigations.
• Ensure appropriate escalation and investigation of alerts.
• Monitor quality and effectiveness of monitoring rules and scenarios.
• Recommend enhancements to transaction monitoring controls.

Suspicious Activity Reporting:

• Review and assess suspicious activity referrals.
• Determine whether suspicious transaction/activity reports should be filed.
• Ensure reporting obligations are met within prescribed regulatory timeframes.
• Maintain records relating to investigations and regulatory filings.

Sanction Compliance:

• Oversee sanctions screening programmes.
• Provide advice regarding sanctions risks and restrictions.
• Review sanctions alerts and escalations.
• Monitor developments in local and international sanctions regimes.
• Ensure appropriate controls for sanctions compliance are maintained.

Governance and Reporting:

• Prepare management and board reports on AML and financial crime matters.
• Present financial crime risk trends, incidents and key metrics to governance committees.
• Maintain AML-related management information and reporting dashboards.
• Escalate material compliance breaches and financial crime risks.

Training and Awareness:

• Develop and deliver AML, sanctions and financial crime awareness training.
• Promote a culture of compliance throughout the organization.
• Ensure employees understand their AML obligations.
• Maintain records of mandatory compliance training.

Advisory Support:

• Provide AML and financial crime advice to business units.
• Participate in product approval and change management processes.
• Review new products, services and delivery channels for financial crime risks.
• Support business units in implementing appropriate controls.

Monitoring, Testing and Assurance:

• Conduct compliance monitoring reviews and thematic assessments.
• Track remediation of identified findings.
• Support internal and external audits.
• Evaluate effectiveness of AML controls and recommend improvements.

Academic Requirements:

• Bachelor’s Degree in Law, Risk Management, Finance, Accounting, Commerce or related field.
• Relevant AML/Compliance certification preferred (e.g. CAMS, ICA, CFE, AML CPrac or equivalent).
• Postgraduate qualification advantageous.

Work Experience:

• 5–7 years’ experience in AML, compliance, financial crime, risk management or banking operations.
• 8–10 years’ experience in AML/compliance within banking or financial services.
• Experience managing AML investigations, transaction monitoring and regulatory engagements.