AML Monitoring Officer specializing in transaction monitoring and alert handling at financial institution. Ensuring compliance and collaborating with external AML vendors in Limassol, Cyprus.
About the role
- KYC Specialist handling AML/KYC activities for Petroineos Trading Limited. Engaging with traders and compliance processes in a hybrid work environment.
Responsibilities
- Conduct AML/KYC reviews of new counterparties requested by the business, following the agreed Due Diligence process with regard to sanctions, financial crime and other requirements.
- Ensuring all relevant information is up to date and that any change in risk profile has been identified and addressed along with ongoing monitoring of counterparties, for example investigating alerts from automated and semi-automated screening tools and conducting counterparty re-reviews when required.
- Liaise with counterparties as necessary to obtain documentation relating to AML/KYC checks.
- Assist the business in getting our companies registered to trade with potential new partners.
- Maintaining systems with key counterparty data and producing required statistics.
- Act as a QA function when needed for KYC activities.
- Working with the MLRO to enhance the AML programme, draft and update processes and procedures as required and keeping up to date with legal requirements and industry good practice.
- Help the business to understand and identify AML/KYC risks and requirements.
- Ensure AML records are created and retained in the correct manner and meet all retention requirements.
- Assist the Compliance team as required developing a broader understanding of Compliance rules, regulations and requirements.
- Maintain central database of company documents.
Requirements
- Solid academic background
- Ideally possess a recognised professional qualification relevant to the area of KYC or Compliance or with recent experience of KYC/DD
- Knowledge of AML regulations inclusive of POCA, JMLSG guidelines and Money Laundering Regulations 2003 and 2007, FCA rules,
- Proficient with MS Excel, Word.
- You will be a team player and be able to work effectively in a team environment
- Self-motivation with affinity for detail; someone who can take the initiative when required.
- Demonstrated ability to effectively work independently, set priorities, meet deadlines, communicate effectively and manage projects.
- Account opening experience
- Basic commercial understanding and awareness of the trading business enabling the individual to enter meaningful conversations with commercial staff
- Ability to work quickly and take important decisions under pressure, and manage workload ahead of time while retaining the ability to switch priorities as required by commercial realities, while remaining diligent, with an excellent eye for detail
- Effective communication skills, as well as robust analytical skills, especially the ability to identify cause-effect relationships, patterns, implications of data, and be able to integrate pieces into a meaningful conclusion.
Benefits
- The role offers a competitive salary (commensurate with experience), plus potential for discretionary bonuses and a comprehensive benefits package.
Job title
Job type
Experience level
Salary
Not specified
Degree requirement
No Education Requirement
Location requirements
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