Company Profile

Advans is a leading microfinance group established in 2005. Advans mission is to respond to the need for financial services of small businesses and other populations who have ill-adapted, limited or no access to formal financial services. The Advans Group currently spans nine countries: Cambodia, Cameroon, Ghana, the Democratic Republic of Congo, Côte d’Ivoire, Pakistan, Nigeria, Tunisia and Myanmar. As at end October 2019, the group served more than 1,000,000 clients and employed more than 7,300 staff. Headquartered in Luxembourg with support services in Paris, the group’s shareholders are EIB, KfW, FMO, CDC Group plc, FISEA (AFD Group) and IFC.

Advans Ghana, subsidiary of the international microfinance group Advans, started its activities in 2008. The institution offers a full range of adapted financial products and services to micro, small and medium sized enterprises in Ghana. The institution serves more than 64,000 clients through a network of 20 points of sale and over 650 employees.

Job Description

Job Profile: Anti Money Laundering/Counter-Terrorism Financing-(AML/CFT) Analyst
Advans Ghana Saving and Loans - Accra

Do you want to work in an international environment? Do you have  passion for financial inclusion, serving the under-served and developing mutually beneficial business partnerships? Then Advans Ghana has a position for you! 

In joining the Risk Department as AML/CFT ANALYST, you will be responsible for maintaining the company’s obligations relating to the identification, review and reporting of money laundering activities. This role is a full-time position based in Accra, at the Head Office of Advans Ghana Savings and Loans.

What will your role be?
Under the direct supervision of the Operational  Risk Managers and Chief Risk Officer, you will utilize various tools in detecting, screening and monitoring of all systems, processes to ensure compliance with BoG/FIC guides, FATF Recommendation and AML regulation; as well as prepare, review, and submit regulatory reports. 

Main Responsibilities

• Performing reviews of client account opening to identify breaches and liaise with business units to ensure compliance with KYC procedures.
• Providing assistance to branches and other units to resolve difficult AML/CFT issues and take necessary steps to ensure corrective measures.
• Performing daily monitor and screen transactions to identify suspicious transactions to ensure compliance.
• Conducting regulatory monitoring to ensure that all new developments are incorporated into Company’s policies.
• Assisting in the development and review of existing policies and procedures.
• Reviewing ex-post controls on remittances to ensure that all reflags are identified and addressed timeously.
• Assisting branches in conducting due diligence on transaction as may be required.
• Continuously review institutional AML/CFT risk assessment based on changes of risk levels.
• Performing update of sanctions, black and watch list and PEPs as may be required.
• Supporting the development of AML/CFT risk assessment framework 
• Developing an internal watch list and monitor to ensure that only desirable persons transact business with the Company.
• Supporting and monitoring the implementation of control measures in all business units to mitigate the risk of AML/CFT
• Evaluating AML/CFT information received from all business units to continuous improvement in controls. 
• Conducting self-assessment and work with different departments to follow up closure of gaps identified. 
• Assessing the regulatory risks of new business initiatives, regulatory interventions and changes to the financial environment
• Ensuring all management personnel and staffs are fully knowledgeable of the risks involved and about their responsibilities with regards to AML-CFT.
• Meeting all regulatory requirements and recommendations for anti-money laundering compliance. Co-operate with any lawful requests for information made by government agencies during their investigations. 
• Provide for periodic review as well as timely updates to implement changes in regulations
• Support the AML RO to provide training on AML/CFT Topics
• Liaise with third parties to perform on issues related to remittances and general AML/CFT.
• Attend workshops organized by Savings and Loans Association, BoG, and FIC to keep abreast with current trends in AML/CFT 

Reporting
Prepare monthly, quarterly reports including data capture, self-risk assessment and other reports as may be required to Produce Adhoc reports for review.

Required Skills or Experience

What kind of profile are we looking for?

You hold a bachelor’s degree preferably in the quantitative field from a recognized institution. ACAMS qualification is desirable; and at least 2-3 years’ experience AML/CFT function in a financial services industry. 

You have:

• Familiarity with operational, financial and quality assurance procedures and regulations is a must
• Knowledge of statistics and experience using statistical packages for analyzing datasets (Excel, internal tools, etc.)
• Strong analytical skills with the ability to collect, organize, analyze, and disseminate significant amounts of information with attention to detail and accuracy