Branch AML/CFT Reporting Officer
Bank of Baghdad
Location: Bank of Baghdad
Department: AML/CFT Reporting Department
Position Level: Officer
Reporting To: AML/CFT Reporting Department
About the Role
Bank of Baghdad is seeking a qualified and detail-oriented Branch AML/CFT Reporting Officer to support and monitor the implementation of Anti-Money Laundering and Counter-Terrorist Financing requirements at the assigned branch.
The successful candidate will ensure compliance with applicable Iraqi regulatory requirements, Central Bank of Iraq instructions, and the Bank's internal AML/CFT policies and procedures.
The role focuses on customer due diligence, KYC documentation, enhanced due diligence (EDD), sanctions screening, suspicious activity identification and reporting, AML monitoring system alerts, and coordination with the AML/CFT Reporting Department at General Administration.
Key Responsibilities
- Monitor and support the implementation of the Bank's approved AML/CFT policies and procedures at the assigned branch.
- Verify customer identification documents by comparing the submitted documents with the individuals presenting them.
- Review Know Your Customer (KYC) forms and ensure the completeness and accuracy of customer information and supporting documentation.
- Verify the completion of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) procedures, particularly for high-risk customers.
- Ensure customers are screened against local and international sanctions lists before establishing banking relationships.
- Provide the branch with updated lists issued by the Committee for Freezing Terrorists' Funds, based on official publications and information received from the AML/CFT Reporting Department.
- Monitor and respond to alerts generated by AML monitoring systems, collect the required supporting information and documentation, and forward them to the AML/CFT Reporting Department through official communication channels.
- Identify and promptly report suspicious transactions or activities that may be associated with money laundering or terrorist financing to the AML/CFT Reporting Manager or their authorized deputy, without tipping off the customer.
- Follow up on customer information updates and address missing documents or deficiencies in customer files.
- Ensure the proper retention of customer and transaction records in accordance with applicable laws and regulatory instructions.
- Provide guidance and support to branch employees on AML/CFT requirements and procedures.
- Participate in AML/CFT training programs and promote employee awareness of suspicious activity indicators and regulatory requirements.
- Cooperate with Internal Audit, Compliance, and regulatory authorities during inspections, examinations, and audit activities.
- Submit periodic reports to the AML/CFT Reporting Department, highlighting non-compliance cases, regulatory observations, and implementation challenges.
- Follow up on corrective actions arising from internal audit findings, regulatory inspections, and supervisory reviews.
- Request additional customer information and supporting documentation whenever necessary.
- Request the suspension of account-opening procedures or transaction execution until the required due diligence measures have been fulfilled, in accordance with the Bank's policies and delegated authority.
- Seek technical guidance from the AML/CFT Reporting Department before proceeding with transactions involving elevated risk.
- Submit monthly reports to the AML/CFT Reporting Department no later than the 10th day of the following month.
- Attend AML/CFT training sessions organized by the Bank's General Administration and other relevant professional development programs.
Requirements
- Bachelor's degree in Business Administration, Economics, Law, Accounting, Banking and Financial Sciences, or another relevant discipline.
- 1–3 years of relevant experience in the banking sector, subject to confirmation of the exact minimum experience requirement.
- Good knowledge of Iraqi Anti-Money Laundering and Counter-Terrorist Financing Law No. 39 of 2015.
- Good understanding of Central Bank of Iraq instructions and regulatory requirements relating to AML/CFT and customer due diligence.
- Practical knowledge of KYC, CDD, and EDD procedures.
- Familiarity with local and international sanctions screening requirements.
- Ability to use banking systems and AML monitoring systems.
- Strong reporting, analytical, and communication skills.
- Excellent organizational and time-management abilities.
- Ability to work under pressure and meet reporting deadlines.
- High attention to detail and commitment to confidentiality and regulatory compliance.
Technical Knowledge / Core Competencies
- Anti-Money Laundering (AML).
- Counter-Terrorist Financing (CFT).
- Know Your Customer (KYC).
- Customer Due Diligence (CDD).
- Enhanced Due Diligence (EDD).
- Sanctions Screening.
- Suspicious Transaction Identification and Reporting.
- AML Monitoring Systems and Alert Management.
- Customer File Review and Documentation.
- Iraqi Banking Regulations and Central Bank of Iraq Instructions.
- Regulatory Reporting and Compliance Monitoring.
- Risk Identification and Assessment.
Professional Certifications
- KYCS Certificate – Mandatory as specified in the original job description.
Key Performance Indicators (KPIs)
Performance will be assessed based on the following indicators:
- Percentage of complete and accurate KYC customer files at the branch.
- Percentage of customer information updates completed within the required timelines.
- Response time to alerts generated by AML monitoring systems.
- Compliance rate with applicable regulatory instructions and internal circulars.
- Number of regulatory or audit findings related to the branch's AML/CFT activities.
- Attendance and completion rate of AML/CFT training programs.
Working Days & Hours
To be confirmed by Bank of Baghdad.
Benefits and Employment Conditions
Employment conditions and benefits will be communicated to shortlisted candidates in accordance with Bank of Baghdad's approved policies.
Application
If you have relevant banking experience, strong knowledge of AML/CFT regulations, and a commitment to maintaining the highest standards of regulatory compliance, we invite you to apply.
Join Bank of Baghdad and contribute to strengthening our compliance framework and protecting the integrity of the banking system.
Apply through the official LinkedIn job posting.
