PREAMBLE

As a member of Tropical Bank Limited, your number one focus, over and beyond your assigned duties, will be to support all business activities that will further the achievement of the bank’s business objectives.

Job Requirements:

Education

• Honors Bachelors’ degree in Business, finance or related field.
• Understanding of the financial services sector, regulatory framework, Bank Policies and Procedures.
• Professional qualification in any of Governance, Compliance and Conduct, AML/CFT, Financial Crime Risk and Regulation or any other related Professional discipline (is an added advantage).

Work Experience:

A minimum of 1 year of experience in a similar or related role in the areas of AML & Regulatory compliance preferably in a busy commercial banking environment.

Role Profile

Coordinate and supervise the activities of the Branches and Head office units

Key Result Areas:

• Track and apprise management on the new bills and proposed amendments on relevant laws, circulars and any regulatory highlights across the industry.
• Preparing and ensure timely submission of daily regulatory report to management and monitor compliance to regulatory ratios.
• Follow up on submission of all prudential returns to regulators and other stakeholders within the set deadlines, prepare and share Compliance ratings to management on a weekly basis.
• Oversee the identification and reporting of any significant regulatory compliance breaches and maintain logs including fines, root cause analysis and recommendations.
• Work closely with Branches and Head Office Units to obtain necessary support information on suspicious transactions, Regulatory requirements and ensure timely closure of investigations.
• Proactively carry out market research on the new Regulatory risk trends, developments in the Industry to foster improvements in compliance within the bank.
• Follow up on the implementation of action plans to resolve all the Bank wide, Compliance, Regulatory and AML/CFT/CPF related issues identified by MRC, BRC, Internal/ External Audit, FIA, BOU, URA ensure closure and report on the progress.
• Monitor compliance with Regulatory requirements, conducting adhoc tests and gaps analysis on existing Policies and Procedures, mandatory displays, KYC/ CDD requirements for Customer, Agents and service providers in respect to applicable laws, regulations and industry practices.
• Ensure prompt response to information requests from all stake holders including but not limited to; competent authorities, Libyan Foreign Bank, Correspondent Banks, etc.
• Educate and Train all staff with respect to compliance with the applicable laws, rules and standards of Regulatory requirements.
• Implement the annual regulatory and AML/CFT/CPF work plan, risk/compliance monitoring tools/maps including activities, triggers, probability and actions.
• Conduct AML/CFT/CPF Risk Assessments through identification and review of risks associated with the Bank, including new products, projects, channels, and correspondent banking relationships.
• Keeping an inventory of all relevant Policies and Procedures in respect to AML/CFT/CPF and ensuring that they are up-to-date with both local and International Regulations.
• Ensure a 360 monitoring and reporting approach to AML/CFT/CPF across the Bank. This includes, Inbound and Outbound transfers, E-Channels, OTC, Trade Finance, IMTS, etc.
• Ensuring that STR or SAR are produced and shared with the Line Supervisors and MLCO and escalated to the FIA within the set timelines.
• Ensure timely submission of LCTR, ALCTR, IWTR and other returns in respect to AML/ CFT/CPF requirements including proper filling of soft and hard copies accordingly.
• Generating and conducting analytical reviews of AML/ CFT reports and Perform trend analysis of suspicious transactions.
• Prepare monthly reports on new transaction behaviours including Very High, High, Moderate, Low and Very Low risk customers and their transaction destinations.
• Monitor compliance with AMLA Cap.118 and any other Regulations issued thereunder, Internal AML/CFT/CPF Policy, Sanctions Policy and the KYC & CDD guidelines.
• Comply with AML/CFT/CPF policies and procedures, non-compliance of which shall be addressed as per the bank disciplinary processes.
• Ensure prompt response to AML/ CFT information requests from all stakeholders including Correspondent Banks and International Money Transfers (MITs).
• Perform periodic review on High Risk Accounts report on any unusual activity and follow-up on closure of any issues noted.
• Assess the appropriateness of internal policies, procedures in respect to ML/TF/PF risk and supervise the implementation of corrective measure to mitigate the identified issues.
• Perform any other duties as may be assigned from time to time.

Desired Knowledge, Skills& Abilities:

• Good analytical skills
• Attention to detail
• Good interpersonal skills, ability to listen, communicate and train.
• Self-monitoring and ability to travel
• Team player
• High performer with proven track record
• Not undergoing any disciplinary action
• High level of integrity

• Track and apprise management on the new bills and proposed amendments on relevant laws, circulars and any regulatory highlights across the industry.
• Preparing and ensure timely submission of daily regulatory report to management and monitor compliance to regulatory ratios.
• Follow up on submission of all prudential returns to regulators and other stakeholders within the set deadlines, prepare and share Compliance ratings to management on a weekly basis.
• Oversee the identification and reporting of any significant regulatory compliance breaches and maintain logs including fines, root cause analysis and recommendations.
• Work closely with Branches and Head Office Units to obtain necessary support information on suspicious transactions, Regulatory requirements and ensure timely closure of investigations.
• Proactively carry out market research on the new Regulatory risk trends, developments in the Industry to foster improvements in compliance within the bank.
• Follow up on the implementation of action plans to resolve all the Bank wide, Compliance, Regulatory and AML/CFT/CPF related issues identified by MRC, BRC, Internal/ External Audit, FIA, BOU, URA ensure closure and report on the progress.
• Monitor compliance with Regulatory requirements, conducting adhoc tests and gaps analysis on existing Policies and Procedures, mandatory displays, KYC/ CDD requirements for Customer, Agents and service providers in respect to applicable laws, regulations and industry practices.
• Ensure prompt response to information requests from all stake holders including but not limited to; competent authorities, Libyan Foreign Bank, Correspondent Banks, etc.
• Educate and Train all staff with respect to compliance with the applicable laws, rules and standards of Regulatory requirements.
• Implement the annual regulatory and AML/CFT/CPF work plan, risk/compliance monitoring tools/maps including activities, triggers, probability and actions.
• Conduct AML/CFT/CPF Risk Assessments through identification and review of risks associated with the Bank, including new products, projects, channels, and correspondent banking relationships.
• Keeping an inventory of all relevant Policies and Procedures in respect to AML/CFT/CPF and ensuring that they are up-to-date with both local and International Regulations.
• Ensure a 360 monitoring and reporting approach to AML/CFT/CPF across the Bank. This includes, Inbound and Outbound transfers, E-Channels, OTC, Trade Finance, IMTS, etc.
• Ensuring that STR or SAR are produced and shared with the Line Supervisors and MLCO and escalated to the FIA within the set timelines.
• Ensure timely submission of LCTR, ALCTR, IWTR and other returns in respect to AML/ CFT/CPF requirements including proper filling of soft and hard copies accordingly.
• Generating and conducting analytical reviews of AML/ CFT reports and Perform trend analysis of suspicious transactions.
• Prepare monthly reports on new transaction behaviours including Very High, High, Moderate, Low and Very Low risk customers and their transaction destinations.
• Monitor compliance with AMLA Cap.118 and any other Regulations issued thereunder, Internal AML/CFT/CPF Policy, Sanctions Policy and the KYC & CDD guidelines.
• Comply with AML/CFT/CPF policies and procedures, non-compliance of which shall be addressed as per the bank disciplinary processes.
• Ensure prompt response to AML/ CFT information requests from all stakeholders including Correspondent Banks and International Money Transfers (MITs).
• Perform periodic review on High Risk Accounts report on any unusual activity and follow-up on closure of any issues noted.
• Assess the appropriateness of internal policies, procedures in respect to ML/TF/PF risk and supervise the implementation of corrective measure to mitigate the identified issues.
• Perform any other duties as may be assigned from time to time.

• Good analytical skills
• Attention to detail
• Good interpersonal skills, ability to listen, communicate and train.
• Self-monitoring and ability to travel
• Team player
• High performer with proven track record
• Not undergoing any disciplinary action
• High level of integrity

• Honors Bachelors’ degree in Business, finance or related field.
• Understanding of the financial services sector, regulatory framework, Bank Policies and Procedures.
• Professional qualification in any of Governance, Compliance and Conduct, AML/CFT, Financial Crime Risk and Regulation or any other related Professional discipline (is an added advantage).