Job Purpose:
To contribute to the provision of effective and efficient compliance services
with the aim of achieving the IsDB's purpose, goals, and objectives. Protect
the interest of the bank and design ways and means to mitigate and
managecompliance risks relating to the activities of the Bank.Key
Accountabilities
*
Review and evaluate existing compliance policies, procedures and systems to
identify gaps, and propose necessary changes based on benchmarking and
researching best practices and global trends in AML/CFT/KYC.
* Design, develop and implement compliance policies and procedural guidelines relating AML/CFT/KYC issues and uses the guidelines as part of their compliance assessment on the adequacy of IDB's internal governance procedures to manage AML/CFT/KYC, in coordination with the Manager.
* Conduct proper background checks to IDB business units' respective new counterparts before engaging in any business relationship and provide subsequent monitoring input throughout the period of the relationship.
* Ensure identification and timely, efficient reporting of suspicious transactions and activities and conductaproper investigation of suspicious transactions or money laundering alerts.
* Respond to all AML/CFT/KYC inquiries received from IDB external counterparts (international/ regional/ local banks, corporations, governments, public entities, NGOs etc.).
Education, Experience & Certification
cademic and professional qualifications:
* Bachelor'sdegree in law,Islamic law,or any other relevant discipline.
* Minimum 8years of experiencein compliance or any relevant work preferably in an international/multilateral development sector.
* Experience in KYC/AML/CFT compliance is required.
* Any advanced training or experience in providing training in compliance or compliance-related matters is preferred.
Skills & Necessary Knowledge
Expertise in MDB's compliance matters e.g., sanctions, financial transactions,
AML, CFT, KYC, taxation, legal status, business, immunities, privileges, and
compliance with international standards & regulations.
* Expertise in preparation of work plans, periodic reports, and budgets to the management, preferably for compliance functions of MDBs and execution of such.
* Expertise in the development of policies, procedural guidelines, institutional statements, the delegation of authority, etc. relating to AML/CFT/KYC/Taxations/Sanctions...etc issues faced by MDBs/IFIs.
* Expertise in the establishment of communication channels with the compliance functions of external partners such as MDBs/IFIs and undertaking capacity development of partner MDBs/IFIs on Compliance related matters
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