Money Laundering Reporting Officer , National Bank of Commerce (NBC)

Reporting to:Head of Compliance and Regulatory Affairs

Location:Head Office, Dar es Salaam

Principal Accountability:

Implement, Manage and monitor the following policies / principals, in line with 'Group Policies and country Minimum Operating Standards:

AML / TF compliance processes, methodology and system

KYC, COD and EDD standards

Sanctions and Prohibitions processes, methodology and systems

Anti Bribery and Anti corruption processes

Main Responsibilities:

Robust KYC standards, in line with Barclays Africa 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 Barclays Africa 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 Barclays Africacentre

Manage the Anti-Bribery and Corruption framework within NBC Limited based on Group requirements and UK as well as US laws on Bribery & Corruption

Direct ownership of effective and updated country Minimum Operating Standards

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 ABC related incidents and breaches are escalated to Barclays Africa centre .timely, investigated and remediated

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 ABC within NBC Limited and ensuring that employees, third parties and customers are aware of channels for reporting suspicious acts relating to Bribery and Corruption

Own, build and manage relationships with key stakeholders

Perform people management functions, including but not limited to:

Workforce and recruitment demand planning

Recruitment

Talent management and succession planning

Mentoring and coaching

Management of discipline and grievances

Performance development

Reward and recognition management

Training and development

Review and update the department's organisation structure and role profiles regularly

Ensure that Code of Conduct targets are met for the team.

Ensure satisfactory service delivery and equal distribution of workloads in the teams

Manage cost within approved budget

Personal Competencies/Qualities:

Competences:

Analytical

Planning and organizing

Leadership & interpersonal sensitivity

Action & result orientation

Resilience

Qualification required:

B Degree in a Commercial, accountancy, audit or equivalent

Proficient in MS Office (Word, Excel, PowerPoint and Outlook) and the Internet

Experience required:

Five (5) years international experience in an MLRO role, regulatory compliance, External audit or internal audit role in a large and reputable financial institution.

Four (4) years experience in the management of a team

Direct handling of AMU KYC, ABC, or Sanctions roles

Specialist knowledge of the Group/Barclays Africa, AMUKYC, ABC and Sanctions policies and procedures

Experience in dealing with multiple stakeholders

Remuneration:

Attractive salary including performance based bonus on achieving targets and overall business performance.

Contract:Tenure

NBC is an equal opportunity employer

Application Instructions:

Applicants are invited to submit their application letter, CV's, copies of certificates, 2 referees and their contacts to:

The Human Resources Business Partner (Compliance Department)

National Bank of Commerce (NBC)

7th Floor, NBC House

P.O. Box 1863

Dar es Salaam

Fax no: +255222113749

If you are not contacted by NBC within thirty (30) days after the closing date, you should consider your application as unsuccessful.