Transaction Monitoring Officer

Transaction Monitoring Officer at Fidelity Bank Plc

Fidelity Bank Plc began operations in 1988 as Fidelity Union Merchant Bank Limited, rapidly establishing itself as a leader in merchant banking. In 1999, the bank transitioned to commercial banking, expanding into the consumer financial services sector under the name Fidelity Bank Plc. It became a universal bank in 2001, now offering a full range of commercial, consumer, corporate, and investment banking services.

Locations:

Lagos, South-South, South-East, North

Job Field:

Compliance

Job Objective:

The Transaction Monitoring Officer is responsible for ensuring compliance with regulatory guidelines in customer onboarding and monitoring customer activities.

Duties & Responsibilities:

• Analyze transaction reports from IT, IOPs, and Control teams to identify suspicious activities for further review.
• Monitor unusual transactions, including government accounts and personal accounts, NGOs, churches, and mosques.
• Track large cash lodgments, inflows, and company accounts with high transaction volumes.
• Monitor high-frequency transactions, large cash payments to BDCs, and structured payments into individual accounts.
• Screen SWIFT wire transfers to filter sanctioned individuals, entities, and nationals.
• Oversee the return of suspicious FX inflows and account closures as needed.
• Conduct enhanced due diligence (EDD) on flagged accounts and prepare compliance investigation reports.
• File Suspicious Transaction Reports (STRs) to the Nigerian Financial Intelligence Unit (NFIU) via GoAML Portal.
• Conduct periodic reviews of customer accounts with name changes and staff accounts.

Qualifications:

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

Experience:

• Minimum of 3-5 years relevant experience.

Skills:

• Strong written and oral communication.
• Effective interpersonal and negotiation skills.
• Proficient in compliance reporting and risk management.
• Knowledgeable in bank regulatory procedures, banking operations, and quality management.

Application Closing Date:

Not Specified

See Also: Accounting Manager at Moniepoint Incorporated