AML (Anti-Money Laundering) Specialist at Safaricom Telecommunication Ethiopia

Safaricom Telecommunication Ethiopia

Position: AML (Anti-Money Laundering) Specialist

Job Time: Full-Time

Job Type: Permanent

Place of Work: Addis Ababa, Addis Abeba - Ethiopia

Posted date: 1 month ago

Deadline: Submition date is over

Role purpose: the role holder has the responsibility of identifying incidents and analyzing criminal activities that are using Safaricom products and services for money laundering, financing terrorism, fraud, and other criminal activities. In doing so the tole holder shall develop, implement, and maintain AML policies, procedures, and controls to ensure compliance with relevant laws and regulations.

Key accountabilities and decision ownership:

• Develop and maintain an effective monitoring and analytical function regarding Safaricom products and services
• To implement a comprehensive review process of sample transactions or activities in the relevant Safaricom Systems to identify suspicious transactions and activity systems.
• Create and supervise the creation of management and regulatory reports highlighting suspicious transactions and activity identified from the review of sample transactions.
• Incorporate the use of criminal intelligence analysis techniques to identify organized and serious criminal activity.
• Reporting incidents under anti-money laundering legislation to the appropriate authorities.
• Identifying and redressing vulnerabilities in our systems and processes.
• Carry out Risk assessment of money laundering and TF-related threats against the Company
• Drive the Development of procedures and systems to reduce loss
• Recommendations about future preventative measures.
• Research and provide input on design approach, performance, and base functionality improvements for various software applications.
• Presenting findings of the analysis in an appropriate form which can include:
• Appraising managers, investigators, and intelligence officers using reports, evidence summaries, or briefings.
• Presentation to law enforcement and other relevant agencies using intelligence packages.
• Drive Strategic research as required about the high value/threat of AML fraud, risk, and security issues.
• Carry out reviews every month accuracy and integrity of Customer Identification Data in Safaricom systems
• Manage sanction and PEP screening outputs to identify PEP/TF activity
• Maintain an effective AML training program across the operation functions that deal with services and products that are in the scope of applicable legislation and Safaricom services
• Carry out Proactive risk assessments with clear advice to businesses on KYC requirements, AML risks, and mitigating controls
• Drive AML Project Implementation to completion/Feed into key projects with AML Dependencies
• Maintain a detailed knowledge of current AML regulations, legislation requirements, as well as future developments within the AML scope
• Maintain strong working relationships with internal stakeholders e.g. Legal, Fraud, Call Centre, and relevant departments to ensure that compliance issues are regularly discussed with relevant stakeholders.
• Develop and maintain an effective analytical function with financial transactions across Safaricom products and services.

Must have technical/professional qualifications:

• Bachelor’s degree in law or a Business-related field
• Compliance Analyst and Risk Assessment Certification (added advantage
• At least 4 years of proven experience of which 2 years should be in AML and/or compliance in a financial institution or similar organization.