Vice President Money Laundering Reporting Officer

🚨We're Hiring: Vice President, Money Laundering Reporting Officer

Are you an experienced professional with a passion for combating financial crime and ensuring regulatory compliance? We are seeking a highly skilled Money Laundering Reporting Officer to lead our team and drive excellence in our anti-money laundering efforts.

About Us:

Network International is the largest Financial Technology company in the Middle East and Africa. Payments is our core business where we provide services in more than 50 countries – UAE, Jordan, South Africa, Egypt are some of our key markets. Apart from payments, we provide services on Data and Insights, Lending, Insurance, Risk Solutions, etc. Our core customers are businesses at every scale and segment, though recently we have been growing in the direct-to-consumer card segment as well.

Our EVP:

At Network International, every second counts. As a leader in the fast-paced world of financial services, we thrive on innovation, agility, and the relentless pursuit of excellence.

We recognize industry trends, the dual nature of technological advancements, and the scarcity of top talent. This is why we prioritize investing in our people.

Here, you’ll work alongside industry experts to solve complex problems and leverage cutting-edge technology to stay ahead of the competition.

We offer a culture where your skills are valued, your growth is prioritized, and your achievements are recognized—because winning isn't just our goal; it's our standard.

🌟About the Role🌟

The job holder is responsible for analyzing and resolving account monitoring alerts generated by our alert monitoring system. The leader will manage a multi-faceted team that reviews time sensitive alerts on high-risk clients and transaction-based scenarios. Responsible to ensure efficient identification and monitoring of suspicious activities and transactions in NI and ensure timeous reporting of suspicious transactions to the Financial Intelligence Unit (FIU) and working closely with other critical functions (eg. FMU)

Responsible to translate rules and regulations to actionable processes and procedures to facilitate compliance with all AML rules and regulations and maintains up to date knowledge on trends in the AML and Sanctions areas. Additionally, to assist Compliance Assurance and team for ongoing development and improvement to the AML/CTF investigations and ensure that procedures are updated to reflect current practice.

📋Key Responsibilities:

• Primarily responsible to analyze merchant transactions and investigate thoroughly with reference to client's KYC profile in a timely manner; as well as ensuring significant issues and potential financial crime incidents are escalated to the relevant stakeholders.
• Manage suspicious activity case work in a timely and efficient manner. Execute a variety of tasks in support of the conduct of investigations.
• Summarize, in writing, suspicious activity for advanced investigations.
• Escalate cases and issues as appropriate for advanced investigation and analysis.
• Manage and monitor requests from regulatory authorities with regards to SARs reported.
• Provide training to analysts on policy, procedures, Investigative techniques and applicable AML laws and regulations.
• Review SARs and submit to Regulatory Head of Compliance for approval.
• Perform user acceptance testing on system and application enhancement.
• Work closely with AML and Fraud team to make recommendations, identify trends and evaluate risks.
• Ensure technical support and advice on Anti Money Laundering compliance matters are conducted in an effective, timely manner and in line with relevant legislation and regulations.
• Regular update on procedures in accordance to the guidelines set by the Group and regulators
• Implement measures to monitor effectiveness of AML investigations analysts.
• Assess and analyze case investigations to make suspicious activity determinations regarding cases prepared by AML Investigations Analysts.
• Oversee assigned resources to ensure that BSA/AML, investigation programs are implemented effectively and in the most cost-effective manner.
• Coordinate the development of written procedures and develop processes under the guidance Head of Regulatory Compliance and Monitoring to ensure completion of required tasks. May assist in the development of enterprise-wide policies, procedures and required risk assessments.
• Supervise assigned team of AML Analysts within the Transaction Monitoring team.
• Coordinate requests from Law Enforcement related to criminal investigations and requests related to Suspicious Activity Reporting.
• Demonstrate compliance with all regulations that apply to your position and keep up to date on regulation changes.

🎓Qualifications

• Strong knowledge of AML processes, communication of, and adherence to, the procedures of AML compliance functions knowledge is critical to both conducting SAR determinations and / or conducting CDD reviews.
• Thorough knowledge of investigative techniques including transaction analysis, evidence gathering and demonstrated research and/or pattern recognition skills.
• Detailed analytical and research skills including use of online research tools and report writing.
• Ability to work independently and display initiative.
• Detailed planning and organizing skills.
• Ability to follow specific goals and meet required deadlines.
• Meaningful AML investigations experience, quality and depth of experience is more important than number of years of experience.
• Bachelor’s Degree or higher educational qualification.
• Diploma in Anti Money Laundering or related field will be distinct advantage.
• Strong analytical skills required to organize and analyze multiple, complex data sets as well as strong interpersonal and organizational skills.
• Computer literacy essential (Word, Excel).
• Excellent organizational skills and attention to detail.
• 5-7 years if experience in AML monitoring and surveillance