Specialist - Transaction Monitoring

Reports To: Manager - AML and CFT Compliance Division: MoMo Payment Service Bank (MoMo PSB) Mission: Develop and oversee transaction monitoring systems to report relevant compliance matters, ensuring bank operations adhere to regulatory provisions. To support the Manager, AML/CFT/CPF & MLRO and Director, Compliance in establishing a compliance culture within the bank by ensuring that the Bank's AML/CFT/CPF efforts are in line with MoMo PSB, Group standards, and international best practice, thereby reducing the risk of sanctions and the financial and reputational loss that comes with noncompliance. Description: Review of risk-based transaction monitoring reports (e.g., PEP, NGO, etc.) and RFIs for suspicious activity in order to protect the bank from ML/TF risk exposure. Review of suspicious transaction reports in line with NFIU requirements Ensure tracking of escalated STRs from agents. Ensure the rendition of risk-based supervision (RBS) and compliance-related AML regulatory returns. Render a monthly return on infractions to CBN within stipulated timelines. Implement transaction monitoring controls for agents, remittances, and merchant compliance programs. Ensure an update of the bank’s internal watchlist. Carry out due diligence checks to manage financial crime risks posed by customers and their counterparties, products, etc. using Dow Jones. Conduct a bank-wide annual ML/TF risk assessment. Prepare management reports for the manager, AML/CFT/CPF, and MLRO/Chief Compliance Officer as appropriate. Ensure a response to requests for information (RFIs) from correspondent banks. Educate and train employees on key regulations and internal policies. Provide prompt compliance advisory support to all internal stakeholders. Maintain a compliance glossary of applicable laws and regulations governing anti-money laundering (AML), combating the financing of terrorism (CFT), and countering proliferation financing (CPF). Review and analyze AML/CTF's current trends and news to identify risks, policies, legislation, or any issues associated with money laundering or other financial crimes. Coordinate the collation of information necessary for compliance audits performed by external auditors and ensure all compliance requests are met and completed in a timely manner. Maintain an AML/CFT/CPF compliance dashboard to assess the effectiveness of AML/CFT/CPF risk management practices and controls. Education: Minimum of a university first degree in law, economics, finance, business administration, or any related field. Compliance certification such as ACAMS, ICA, CFE, or CIN is an advantage. Experience: 3-7 years experience with includes Proven experience as an AML/CFT/CPF Specialist in the banking industry or within Mobile Financial Services. Working knowledge of AML/CFT/CPF and other compliance requirements, laws, and rules in mobile money services, banking, switching services, or e-payment companies. Experience of the local financial services regulatory landscape. Experience and knowledge of data analysis in a risk management environment. Good knowledge of the Central Bank of Nigeria’s Payment Service Bank Guidelines and AML/CFT/CPF Regulations. Familiarity with the Nigerian Financial Intelligence Unit (NFIU) directives and regulations. Good knowledge of currency transaction reporting (STR, SAR, FTR, and rendition of other compliance-related returns). Good knowledge of AML/CFT/CPF monitoring tools. Experience working in a team and good interpersonal skills. Ability to plan and execute complex projects under pressure. *Eligible Females and People with Disabilities are encouraged to apply.