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Head of AML Unit

Job description

Position:   Head of AML Unit
Work type: Full Time
Location:  Baghdad 
Client:      Financial Soultions Company

Job Summary:

Responsible for establishing internal procedures to prevent money laundering and assist in all matters concerning financial crimes in coordination with the broader AML team.


Key Responsibilities:
-Developing a Well-Defined Customer Identification Program (CIP).
-Developing AML KYC Onboarding Lifecycle Process Flow and procedures for all type of customers of the company.
-Conducting an ongoing AML Periodic Reviews for Low, Medium, and High-Risk Clients
-Review AML alerts to detect, investigate and report suspicious activity
-Build relationship with the AML Office and act as main liaison with them.
-Review, populate and communicate AML Office announcements.
-Conduct customer onboarding based on appropriate due diligence.
-Update sanction lists upon new releases.
-Perform policy updates to reflect changes in AML regulations and other applicable laws as well as regulatory requirements.
-Oversee the company’s KYC, AML, and sanctions screening policies and related frameworks.
-Coordinate suspicious activity reporting to regulatory authorities in timely manner
-Establish and maintain the company’s AML compliance training program
-Work with all stakeholders within the company to communicate and implement AML regulatory mandates.


-Bachelor’s degree in finance, Accounting, Law or related fields
-3-5 years in AML or Compliance
-Good Knowledge of Microsoft Office
-Experience in E payment is Preferred.
-Having Clerance from CBI is a must.