Senior AML Officer

Date: Dec 11, 2022

Location: Zamalek Branch (EGY52), Egypt

Company: AL AHLI BANK OF KUWAIT

Job Purpose

Performing the day-to-day activities of the AML Unit and monitoring the daily or monthly transactions

Key Accountabilities

• Reviews/Monitors the AML Daily & Monthly reports, , unusual activities , to identify the suspicious transactions in order take the necessary action accordingly.
• Participates in the preparation process for EMLCU &“Audit Committee reports, in a timely manner
• Follow up on FX transactions & report
• Follow up on Cash notifications transactions & incoming transfers from High risk Countries reports
• MIS reports for Risk assessment study
• Monitors the status of updating Customers’ data on quarterly basis through various tools that are checked daily either manually or systematic
• Review various system-generated reports “AML/ KYC system alerts” on large amounts transactions and branches comments, as well as investigate the transactions with the customer account history and KYC parameters.
• Weekly follow up report on aging alerts with branches & Client accounts management department
• Replacement for pre fact approvals for account opening
• Investigate unusual/ suspicious activity transactions, alerts & received STRs to determine if any of those transactions are suspicious to money laundering, and present it to AML Unit Head /Head of Compliance for obtaining guidance to carry on further investigation.
• Investigate various queries concerning customer data (requested by EMLCU or CBE); and presents the results of that investigation to the “Head of AML” in order to respond
• Replace the Sanctions officer in Names search received from EMLCU
• Follow up on branches review report done by IA department to ensure closing all open issues in it’s target dates & . to ensure that AML/CFT law requirements and regulations are achieved. KYC, CIF forms are fulfilled properly and to ensure compliance with the policies and procedures put in place.
• Respond to branches and HO departments AML & Compliance inquiries.
• Assist in preparing response to the AML questionnaires of the corresponding Banks, as well as reviews the response on ABKE AML Questionnaires received from the correspondent Banks
• Replace Sanctions officer in replying to inquiries received from correspondent banks

Education Bachelors Degree or Equivalent Certification/Experience Experience

• Good knowledge of ABK’s services, regulatory compliance practices & procedures.
• Excellent written and oral communications skills
• Analytical skills is essential and very good English language.
• Minimum of 5 years banking sector experience.
• Hands-on business / branches experience will be a plus
• Experience in AML Investigations
• Excellent knowledge of Microsoft office Suite (Word, Excel, PowerPoint…)

Competencies & Skills Customer Centric, Effective Communication, Professional Ethics, Result Focus,