Financial Crime Compliance Analyst

Ghana International Bank is a leading provider of specialised financial services to Africa's growing companies and institutions, by leveraging our UK presence, client-focused capabilities, and strong relationships with global financial institutions.

Objectives of the role

• Assist the Head of Compliance/MLRO, and DMLRO, in ensuring the Bank operates in
accordance with all legal and regulatory requirements related to correspondent banking,
trade finance compliance, and in relation to other financial crime compliance related
issues.

• Provide Second Line of Défense support and oversight of correspondent banking and
trade finance compliance matters

• Review and adjudicate escalations from Transactional Monitoring, Client On-Boarding,
and Trade Finance

• Manage the end-to-end investigation and disposition of Unusual Activity Reports (UARs) and Suspicious Activity Reports (SARs)

Responsibilities, Accountabilities and Deliverables

Governance

• Analyse the impact of new regulatory rules and guidelines on the Bank's correspondent
banking and trade finance compliance framework, and update the Bank's financial crime
policy framework as appropriate

• Contribute to the development and execution of the Bank's anti-financial crime strategy,
including to assist with annual review and updated of financial crime related policies and
procedures

• Contribute to the development and execution of the Bank's anti-financial crime strategy
with regards to Correspondent Banking & Trade Finance Compliance

• Supporting in the collation of and enhancements to MI being reported to Senior
Management committees

General FCC advisory

• Review escalations (adverse media, sanctions, PEPs) and provide financial crime
compliance subject matter guidance and support to the business and first line of defence
support functions (including Onboarding, Transaction Monitoring, Client Coverage).

• Review of PEPs relationships
Correspondent Banking Compliance Advisory

• Work closely with the Business Compliance Manager (BCM) and the Correspondent
Banking Due Diligence Team in reviewing and assessing the adequacy of respondent
bank's financial crime systems, controls, policies and procedures

• Act as a point of contact with regards to correspondent banking related queries such as due diligence questionnaires and RFIs Trade Finance Compliance Advisory

• Provide subject matter guidance and support to the Trade Finance Operations team with regards to trade-based money laundering risks such as economic sanctions, dual-use goods, and high-risk commodities etc

• Conduct sample testing on transactional due diligence carried out by Trade Finance
Operations. Unusual & Suspicious Activity Investigation and Reporting

• Review and investigate Unusual Activity Reports and make recommendations to the
MLRO as to whether there are reasonable grounds to know or suspect money laundering
and / or terrorism financing

• Conduct research related to money laundering, terrorist financing, fraud and other
elements of financial crime and determine the materiality of such findings

• Draft disclosures for Suspicious Activity Report and liaise with law enforcement agencies as and when required

• Provide training to staff on suspicious activity reporting requirement and procedures

Horizon scanning

• Pro-actively researching future changes in regulation and industry guidance;

• Reviewing and conducting analysis of industry fines

• Conducting GAP analysis and implementing changes where necessary

Teamwork

• As and when required, provide risk-based and proportionate input to and support the
design and execution of Bank-wide correspondent banking and trade finance compliance
related projects

• Identify and prioritise their work to ensure that work objectives are fulfilled

• Collaborate closely with other members of the wider compliance team, and share
experience, insight and perspectives to support the development of a comprehensive,
risk-based and rounded compliance framework and culture

Personal development

• Stay abreast of developments in regulatory rules and good practice to ensure the Bank's correspondent banking and trade finance compliance framework remains fit for purpose and up to date with the latest regulatory developments and industry best practice

• Identify and undertake activities to develop professional knowledge, skills and
understanding, and ensure that personal resources (particular knowledge,
understanding, skills and time) are appropriately used.

• Take personal responsibility for making things happen and take pride in high quality
work

Commerciality

• Continuously consider how to automate controls and make processes more efficient

• Be commercially minded, always looking for solutions that satisfy Compliance
requirements and minimise adverse business impact

Technical Knowledge

• Must have good knowledge of the legal requirements and regulatory expectations related correspondent banking and trade finance compliance risks

• Must have a good understanding of customer due diligence (CDD) and enhanced due
diligence (EDD)

• Must be able to understand and apply outcome focused regulation and have a sound risk awareness

Experience

•Experience within a financial services environment

• Relevant experience with correspondent banking and / or enhanced due diligence gained within a Second Line of Defence / Compliance function essential

• Experience investigation Unusual Activity Reports / Internal SARs and making disclosures of Suspicious Activity Reports (SARs) to the NCA essential

• Experience working as part of Financial Intelligence Unit within an international financial
services firm would be an advantage