Assistant Manager AML/CFT

Assistant Manager AML/CFT

Job Objectives

  • Assisting the department manager in supervising the implementation of anti-money laundering (AML) and counter-terrorism financing (CTF) policies and procedures.
  • Ensuring compliance with local and international laws and regulations related to AML and CTF.
  • Enhancing the bank's role in identifying and reporting suspicious activities.

Responsibilities and Duties

  • Assisting the manager in managing the department.
  • Reviewing and analyzing the policies and procedures of the AML and CTF reporting department.
  • Monitoring payment operations and related compliance requirements in coordination with the compliance team.
  • Checking local and global blacklists using the World-Check system and updating the sanctions list based on the Anti-Money Laundering Office updates.
  • Responding to department inquiries related to other departmental tasks and following up on application forms.
  • Updating KYC documents in the archiving system.
  • Reviewing "Know Your Customer" (KYC) forms for individual and corporate accounts according to the bank's policies and procedures.
  • Detecting suspicious activities/transactions by identifying and applying optimal indicators for suspicious behaviors of individuals and companies.
  • Reviewing and assessing alerts related to AML risks in transaction monitoring systems.
  • Escalating suspicious alerts for further review and investigation.
  • Auditing and approving card issuance, account openings, and other client services.
  • Reporting fraudulent and suspicious transactions as per legal requirements.
  • Coordinating with regulatory authorities to respond to inquiries or information requests.
  • Training staff and providing technical support and advice.
  • Keeping track of changes in AML and CTF laws and regulations.

Job Specifications

  • The age of the AML reporting assistant must not be less than 30 years, and they must hold Iraqi nationality exclusively.
  • Must have a bachelor’s degree in one of the following fields: law, financial management, public administration, accounting, financial and banking sciences, economics, or statistics. A diploma in the mentioned specialties is also acceptable.
  • Must have completed several training courses in AML, either inside or outside Iraq, totaling no less than 75 training hours, and must possess a certified specialization such as ACAMS (Certified Anti-Money Laundering Specialist), CGSS (Certified Global Sanctions Specialist), or CFCS (Certified Financial Crime Specialist).
  • Must have at least 3 years of banking experience with a good command of the English language
  • Must hold Iraqi nationality exclusively, reside in Iraq, have a known and permanent residence, and be fully dedicated to this position.
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