Job Responsibilities:

• Supports the AML unit by ensuring the implementation of the AML and Economic sanctions activities in Allianz Egypt in alignment with the local requirements and the Group standards, communicates and handles the needed requirements from the Regulator or Group.  
• Manages and handles the day-to-day operation of the AML program. Monitor & assess the appropriateness & adequacy of carried out spot checks by the compliance team, identified potential areas of AML weaknesses and risks, developed & implemented corrective action plans.
• Daily closure of raised alerts through internal screening system
• Follow-up with the relevant business owners on the implementation of the AML relevant external local regulatory requirements (new/ changes).
• Responsible for screening, assessing all the escalated AML cases from the 1st line of defense, in addition to reporting to the relevant governmental bodies and SARs or TRSs.
• Supports in localizing and regularly reviews the AML Group policies and develops detailed procedures for the AML Programs and its related activities to prevent illegal, unethical, or improper conduct.
• Supports in providing Compliance trainings for all Allianz Egypt new staff and existing staff, and responsible for providing all AML updates and changes related to the AML guidelines to all employees.
• Monitors and keeps the records of the local AML regulator Correspondences, AML activities and the regulator reports.
• Supports in providing required reports; as directed or requested, to the Senior Compliance Manager, Head of Compliance, Board of Management, Group Compliance, local regulator or the Money Laundry Combating Unit.
• Assists in any additional tasks related to AML activities assigned by the Compliance senior Manager, Head of Compliance, Group, or the regulators.

Required Qualifications:

• Understanding of corporate governance & regulatory requirements.
• Understanding the Money Laundry and Financing Terrorism local requirements.
• Data mining/analytical skills, root cause analysis and drawing logical conclusions.
• Understanding the Money Laundry and Financing Terrorism local requirements.
• Financial crimes investigation skills.
• 2 - 3 years of experience in control function.
• 2 to 3 Years Money Laundry and financing Terrorism officer.
• Preferably with advanced AML certificates.
• Background in the financial services industry is an advantage.