SENIOR AML/CFT OFFICER – Non-Bank Financial Institutions Regulatory Authority (NBFIRA)

NBFIRA AML/CFT VACANCIES

The Non-Bank Financial Institutions Regulatory Authority Act 2006 (amended in 2016) established the Non-Bank Financial Institutions Regulatory Authority (NBFIRA), to regulate and enforce compliance within the Non-Bank Financial Institutions sector in order to safeguard the stability, fairness and efficiency of the non-bank financial sector.

The Authority is in search of a qualified individuals to fill the positions below:

SENIOR AML/CFT OFFICER

Main Purpose of the Job

To implement supervisory support strategies with regards to the Authority’s AML/CFT obligation to ensure it meets objectives of deterring financial crime.

Principal Accountabilities
• Attends to queries from the Public and Stakeholders on the implementation of the NBFIRA Act, Financial Intelligence Act and any other AML/CFT Legislation
• Monitors reporting suspicious / unusual transactions of the Authority
• Advises stakeholders on anti-money laundering compliance issues
• Interprets regional and international anti-money laundering policies recommendations and develops strategies for monitoring compliance
• Develops business specific anti-money laundering compliance programme
• Develops customer identification program procedures
• Assess compliance to statutory and regulatory requirements
• Assess adequacy of organisation’s anti-money laundering compliance programmes
• Creates public awareness by training stakeholders on the implementation of the NBFIRA Act, Financial Intelligence Act and any other AML/CFT Legislation
• Develops solutions to potential issues involving compliance and regulatory risk

Position Requirements

• Master’s Degree in Economics, Finance, Accounting, Law, Business Management or relevant field in financial regulation
• Membership to a professional internationally recognized institute will be an added advantage
• Minimum of 5 years’ experience in a financial regulation environment; expert knowledge in AML matters