The Role
The role focuses on monitoring transactions for compliance with regulations, analyzing data for financial crimes, conducting investigations, and collaborating with departments to strengthen compliance.
Summary Generated by Built In
The role involves monitoring and analysing transactions and activities to detect and prevent
financial crimes, such as money laundering and terrorism and proliferation financing by using
various tools and techniques to conduct ongoing monitoring and analysis of customer
transactions, ensuring compliance with anti-money laundering (AML) ,counter-terrorism
financing (CTF) and combating proliferation financing regulations.
financial crimes, such as money laundering and terrorism and proliferation financing by using
various tools and techniques to conduct ongoing monitoring and analysis of customer
transactions, ensuring compliance with anti-money laundering (AML) ,counter-terrorism
financing (CTF) and combating proliferation financing regulations.
The role involves reporting suspicious activities, conducting investigations, and working
closely with other departments and regulatory authorities to mitigate risks and strengthen the
bank's compliance framework.
Core Functions and Responsibilities
· Monitor financial transactions and activities for compliance with regulations and internal policies
· Analyze data to identify potential compliance risks and financial crimes
· Conduct investigations and report findings to management and regulatory bodies
· Develop and implement compliance monitoring programs and procedures
· Collaborate with internal stakeholders to identify and mitigate compliance risks
· Stay up-to-date with changing regulations and industry standards
· Provide training and guidance to employees on compliance policies and procedures
Requirements
Key Performance Indicators
· Compliance Monitoring Coverage
· Investigation completion rate
· Risk Identification Rate
· Regulatory Reporting Accuracy
· Compliance Issue Resolution Rate
· Financial Crime Detection Rate
· Investigation Report Timeliness
· Monitoring System Effectiveness
Skills Required
- Experience in financial crime prevention
- Knowledge of anti-money laundering regulations
- Proficient in data analysis
- Excellent report writing skills
- Ability to collaborate with regulatory authorities
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The Company
What We Do
Polaris Bank is a forward-thinking financial institution committed to delivering customer-first banking experiences across Nigeria, offering tailored solutions for individuals, SMEs, corporates, and government institutions.
