Transaction Monitoring Officer Job at Fidelity Bank Plc

Fidelity Bank Plc began operations in 1988 as Fidelity Union Merchant Bank Limited. By 1990, it had distinguished itself as the fastest growing merchant bank in the country. However, to leverage the emerging opportunities in the commercial and consumer end of financial services in Nigeria, in 1999, it converted to commercial banking and changed its name to Fidelity Bank Plc. It became a universal bank in February 2001, with a license to offer the entire spectrum of commercial, consumer, corporate and investment banking services.

We are recruiting to fill the position below:

Job Position: Transaction Monitoring Officer

Job Locations: Lagos, South-South, South-East, North
Job Type: Full-time
Job Field: Compliance

Job Objective(s)

• Ensuring compliance to regulatory guidelines and procedures in relation to Customer Onboarding & Customer Activity Monitoring

Duties & Responsibilities

• Obtain transaction information from IT, IOPs and Control in form of reports and alerts and analyze to determine extract transactions for further review, monitoring and investigation, 
• Monitoring, Unusual transaction, Government accounts to Personal Accounts in cash withdrawals/transfers.(NGN/FX) 
• Monitoring, Transaction involving NGO/NPO/Churches/Mosques (NGN/FX) 
• Monitoring of Huge Cash Lodgments/Huge inflows( NGN/FX) 
• Monitoring of company account doing large multiple transactions(NGN/FX) 
• Monitoring, High Volume of transactions within a short period.(NGN/FX) 
• Huge Cash Payments to BDC’s( NGN/FX) 
• Monitoring; Large and Structured payment into individual account.(NGN/FX) 
• Monitoring of HUGE Cash Withdrawals.(HGN/FX) 
• Monitoring of Multiple cash withdrawals from account (NGN/FX) 
• Review Huge Transaction into PEP accounts (NGN/FX) 
• Monitoring and Review of transactions of MTO’s (NGN/FX) 
• Monitoring and Review of transactions of WUMT/MoneyGram(FX) 
• Monitor wire transfer through SWIFT Sanctions screening and Acuity/ Ensuring Sanction individuals, entities and Nationals are filtered through the SWIFT Engine for Compliance action. 
• Return of FX Inflows and Closure of Accounts That Have Received Suspicious Funds 
• Monitoring and Conduct of Enhanced Due Diligence ( EDD) on customers /accounts 
• Conduct Compliance Investigation and prepare Compliance Investigation Report based on identified Suspicious Transactions red-flags,  
• Schedule and prepare Suspicious Transactions Reports (STR) and ensure they are filed to NFIU though their GoAML Portal, 
• Review and Monitor Customer with full change of Name and their BVN and schedule for proper report rendition. 
• Review of staff Account 
• Any other task as may be assigned by the supervisor.

Qualifications

• Bachelor’s Degree in Social Science or Humanities or HND with a Master’s Degree.

Experience:

• Minimum of 3 – 5 years of working experience

Experience / Skills:

• Good written and oral communication skills. 
• Good interpersonal and relationship skills.  
• Excellent negotiation skills  
• Good reporting Skills 
• Risk Conscious 
• Independent & Assertive 
• Excellent knowledge of bank and regulatory procedures and policies  
• In-Depth knowledge of Banking Operations/Products 
• In-Depth accounting knowledge/background 
• In-Depth Total Quality Management 
• In-Depth Credit, operations, computer systems (Data Center), GIS, etc.