AML & Compliance Officer
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Job Details
Skills And Tools:
Job Description
liwwa (liwwa.com ) is a FinTech company that provides credit to underserved small- and medium-sized Enterprises (SMEs) in Jordan. To date we have supported more than 715 businesses, with total lending in excess of $100 million. We also own and operate the liwwa Marketplace, which allows retail investors to fund local SMEs and generate above-market returns. Our mission is to achieve job and income growth and positive social impact across the MENA region.
liwwa is seeking an experienced analytical and strategic AML & Compliance Officer to join our team in Egypt and lead in conducting AML reviews, investigations, and implementations, and ensuring compliance with local regulations.
Main Responsibilities:
- Handle the Anti-Money Laundering program in the company.
- Maintain oversight of any suspicious or unusual activities and ensure the correct action is undertaken.
- Draft, modify, and monitor the implementation of the company's AML & CFT policies and procedures.
- Ensure all aspects of CDD (Customer Due Diligence) & KYC( Know your Customer) procedures and necessary account opening documents are implemented in line with regulatory requirements.
- Ensure any suspicious and unusual activities are closed with adequate and documented explanations.
- Check and conduct an AML investigation regarding any suspicious and unusual activities related to Money laundering and terrorist financing.
- Perform EDD (Enhanced Due Diligence) and ongoing monitoring based on the account assessment.
- Perform assessments for AML/CFT internal practices, policies, and procedures and update as required.
- Ensure proper implementation of AML practices by all company employees and provide periodic training to all staff members.
- Satisfy all the company regulatory requirements set by the Financial Regulatory Authority (FRA) and AML compacting Unit.
- Produce a biannual report containing the unusual and suspicious activities reported to the Unit for submission to the FRA.
Minimum Qualifications:
- Minimum 3-5 years of experience in the field of internal auditing, supervision, risk assessment and/or internal supervision is a must.
- Bachelor degree in economics/banking/finance/accounting, or related field.
- Comprehensive Knowledge of AML & CFT regulatory requirements (Laws, Regulations, rules).
- Comprehensive Knowledge of FATF s recommendations.
- Exceptional Legal and moral integrity.
- Excellent report writing skills.
- Strong communication skills.
- Strong Analytical thinking
- Proficiency in Microsoft Office Word and Excel.
- Good command of Arabic and English.
Preferred Qualifications:
- FRA Certified
- Professional Qualification, certificate, or postgraduate studies
- Familiarity with AML/CFT monitoring systems and related investigation processes