Money Laundering Reporting Officer – Barclays Bank ZAMBIA

Job Purpose
Implement, Manage and monitor the following policy / principals, in line with Group Policies and country MOS:
  • AML / TF compliance processes, methodology and system
  • KYC, CDD and EDD standards
  • Sanctions and Prohibitions processes, methodology and systems
  • Anti Bribery and Anti corruption processes
Functional Management :   70%
  • Robust KYC standards, in line with BA guidelines, group policy and local laws
  • Ensure customer portfolio is effectively risk rated and the monitoring activity (AML or general compliance monitoring) is in line with the risk categorization.
  • Implement and maintain effective Sanctions and PEPs screening procedures, maintain oversight and detect, report and eradicate any system / process weaknesses.
  • Effectively Implement AML report suite as mandated by BA compliance
  • Ownership and delivery of automated AML transaction monitoring system
  • Risk Based thresholds for AML alerts, reviewed at minimum bi-annually.
  • Effective and timely SAR reporting
  • Effective oversight on the work of AML analysts through supervisory Reviews / on job coaching.
  • Effective and timely reporting of ABC, KYC / AML and sanctions MIS, in country and to BA centre
  • Manage the Anti-Bribery and Corruption framework within Barclays based on Group requirements and UK as well as US laws on Bribery & Corruption
  • Policy management
  • Direct ownership of effective and updated Country MOS
  • Performing Policy Review for any new/revised policy, Gap analysis and tracking for effective policy implementation.
  • Prompt escalation of policy breaches as per the breach escalation process
  • Prepare and submit MI for financial crime & annual MLRO Report.
  • Provide formal training on AML, ABC, Sanctions and KYC to business, remain the subject matter expert on these and provide full support to the unit and business in general.
  • Ensuring that all ABAC related incidents and breaches are escalated to Barclays Africa Centre timely, investigated and remediated
Team Leaderships & People Management   : 30%
  • Act as a role Model, Develop a highly motivated team
  • Set challenging and stretching objectives for the MLRO function
  • Ensure effective performance management, development and succession planning for the team.
  • Creating awareness of ABAC within Barclays Bank Zambia and ensuring that employees, third parties and customers are aware of channels for reporting suspicious acts relating to Bribery and Corruption
  • Risk and controlEnsure that all activities and duties are carried out in full compliance with regulatory requirements, Barclays Operational Risk Framework and internal Barclays Policies and Standards.
Essential/Basic Qualifications
Technical Skills/Competencies
Planning and organizing
Leadership & Interpersonal sensitivity
Action & Result orientation
Knowledge and Expertise (relating to specialist knowledge and expertise required to undertake the role. May include knowledge of the Bank’s products, services and policies)
Specialist knowledge of the Group/BA ABC, AML/KYC Sanctions Policies and procedures
Excellent knowledge of MS Office, comfortable with numbers, MIS
Proficiency in writing instruction / procedure manuals and training material
Project management and project coordination skills
Experience, qualifications and other requirements specific to the role
Degree or Honours in BCom/LLB, or other relevant tertiary qualifications
Certificate or Diploma in Compliance Management /Post graduate qualifications would be advantageous
4 – 6 years Compliance or financial services,
Advanced computer skills (Not a requirement but would be advantageous)
Familiarity with of Direct handling of AML, KYC, ABC or sanctions roles
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