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Head of AML Division – DəmirBank

DemirBank OJSC is seeking a Head of AML Division.

Having already long history and wide experience, DemirBank is one of leading banks in the country. The bank was established on 6th of October 1989 as one of the first commercial banks in the country. As an employer, the Bank is investing in its human resources through contemporary trainings, providing excellent working atmosphere and building staff capacity in order to plant the seeds of more successful future. DemirBank offers world of career opportunities with competitive compensation and incredible benefits. Joining DemirBank you will also find more ways to advance your skills in a supportive environment, working alongside a diverse, international and talented team that thrives on creativity and collaboration.

Roles & Responsibilities

• Preparation of AML reports according to regulatory authorities’ requests;
• Performs supervisory activities, including identifying performance problems and seeking guidance for remedial action, reviewing performance, and participating in interviewing and selecting staff;
• Plans, assigns, monitors, reviews, evaluates and leads the work of others;
• Devise and analyse metrics and prepare reports related to key measurements of AML transaction monitoring activities;
• Promptly escalate AML risk relevant and critical or reputational risk matters;
• Provide guidance and support in the detection and reporting of suspicious activity;
• Investigate and assess alerts relating to potential money laundering risks in the bank;
• Stay current with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends;
• Identify potential systemic procedural weaknesses in processes and additional training requirements for the Bank;
• Act as a subject matter expert to employees, providing guidance on what actions to take in dealing with high risk customers. This entails developing and maintaining a current knowledge of industry AML initiatives and best practices coupled with general awareness of AML regulatory changes and assisting project teams in remaining compliant;
• Assist with addressing internal queries and external queries (from financial institutions and regulators) relating to money laundering matters;
• Ensure effective record-keeping of data collected and analyzed in line with Proceeds of Crime and AML regulations;
• Take responsibility for leading the analysis, design and development of innovative and best practice AML and Bank Solutions to deliver business objectives, optimal system performance and Compliance.
• Monitoring implementation of internal control in order to  prevent  money laundering and terrorism financing in the departments and branches of the Bank;
• Instruct Bank employees on the implementation of internal controls for AML/CFT, maintain awareness of changes to internal procedures and further knowledge testing of employees.

Qualification and requirements:

• Candidate must possess professional degree in Finance/Banking/Business/Economics/Law studies;
• At least 3 years of past working experience in the field of AML/CFT;
• Strong analytical skills, ability to work with a large database;
• Knowledge of regulatory documents of FMSC (Financial Markets Supervision Chamber) and AML/CFT legislation;
• Knowledge in the field of risk management and lending;
• Knowledge of Azerbaijani (Fluent), Russian (Fluent) and English (upper intermediate);
• Responsibility, efficiency, communication and teamwork skills;
• Superb data analysis skills coupled with ability to organize and analyze complex data sets;
• Proficiency in MS Excel;
• Ability to easily grasp and comprehend AML risks in the bank and to develop user requirements as well as recommend automated solutions to mitigate those risks.

DemirBank works in a competitive environment and seeks dynamic candidates who enjoy taking initiative and improving performance. Candidates are required to submit CVs/Application Forms until August 2, 2017. via e-mail at [email protected].

Please indicate the name of the position you are applying for in the subject line of the email (Head of AML Division). Otherwise the candidacy will not be considered in the review process of the applications collected.
Please be advised that only shortlisted candidates will be invited to next stages of the recruitment process.

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