Al Ahli Bank of Kuwait – Egypt (ABK-Egypt) has announced a vacancy for an AML - MIS & Systems Unit Head (head of the anti-money laundering management information and systems unit) to work within the anti-money laundering unit. The role covers reviewing unusual transactions, developing regulatory reports and overseeing anti-money laundering and counter-terrorist financing systems, in line with applicable laws and regulatory instructions.

Responsibilities of the AML unit head

The role's main responsibilities include:

  • Reviewing and assessing suspicious and unusual financial transactions, whether flagged by the bank's systems or referred by branches and other departments.

  • Helping prepare and review reports submitted to the Audit Committee and to the Egyptian Money Laundering and Terrorist Financing Combating Unit (EMLCU).

  • Analysing reports and developing them in line with regulatory requirements.

  • Reviewing and updating anti-money laundering programmes and procedures, and ensuring banking products and services comply with the law, Central Bank of Egypt (CBE) instructions and internal policies.

  • Following up on customer data update (KYC) procedures and completion rates.

  • Examining official authorities' inquiries about customer data and preparing the findings for presentation to the Head of Compliance.

  • Taking part in implementing and developing anti-money laundering, watch-list monitoring and customer identity verification systems.

  • Reviewing daily and monthly reports on money transfers, foreign currency and incoming transfers, verifying that alerts have been examined and documenting the actions taken.

  • Testing and adjusting monitoring scenarios on the Oracle AML and SafeWatch systems.

  • Preparing and reviewing reports on e-wallets, activity risk assessments, incoming transfers from high-risk countries, and periodic reports submitted to management.

  • Following up on overdue cases at branches and other divisions through weekly follow-up reports.

  • Reviewing operational procedures from an anti-money laundering perspective and taking part in projects related to system development or the launch of new products and services.

Application requirements

The bank has set out the qualifications and experience required for the role, including:

  • A bachelor's degree in business administration, economics, finance or a related field from a recognised university.

  • At least 10 years of banking experience.

  • At least 5 years of experience in anti-money laundering.

  • Experience managing anti-money laundering activities and resolving compliance issues.

  • Knowledge of banking standards, banking products and services, and international anti-money laundering and counter-terrorist financing requirements.

  • A professional anti-money laundering certification is an advantage.

The role targets experienced bankers specialising in anti-money laundering and compliance who can review transactions and regulatory reports and work with the relevant banking systems.

For more details and to apply for the job, click here