Compliance Officer job description

About the job

We are looking for a compliance officer to make sure the organization follows the law, regulators' instructions and its own policies, and to spot money laundering risks and breaches early and report them as procedures require.

Duties and responsibilities

• Check that the organization follows the law and regulators' instructions, such as those of the Central Bank of Libya
• Apply know-your-customer and due diligence checks to new and existing customers
• Monitor transactions and review and report suspicious activity to the competent authority
• Screen names against local and international sanctions lists
• Update compliance policies and procedures whenever the rules change
• Assess compliance risks in new products and processes
• Train staff on compliance and anti-money laundering
• Prepare regular compliance reports for management and regulators

Requirements

• Bachelor's degree in law, accounting, banking or business administration
• 3 to 6 years of experience in compliance or anti-money laundering

The years of experience follow the level you choose when posting.

Skills

• Compliance
• Anti-money laundering
• Know your customer
• Risk assessment
• Report writing
• Regulatory requirements
• Transaction monitoring
• Sanctions screening

Preferred

• A professional certificate such as CAMS or ICA
• Experience in Libyan banking
• Good English