Sanction Compliance Officer

Responsibilities:

•  New Merchant onboarding 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 suspicious money laundering activities to identify peculiar AML/CFT concerns and provide reports 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:

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

Knowledge:

• Computer Literate
  
• Knowledge of Microsoft Office packages such as Word, Excel, and PowerPoint

Skill/Competencies:

• Good analytical skills
  
• Excellent multi-tasking
  
• Good problem solver
  
• Good analytical & presentation skills
  
• Communication skills
  
• Ability to work under pressure
  
• Ability to deliver within stipulated timelines