AML/CFT Manager

AML/CFT Manager Location: Baghdad, Iraq Employment Type: Full-Time Workplace Type: On-site Department: Anti-Money Laundering & Counter-Terrorist Financing (AML/CFT) Reporting About the Role Bank of Baghdad is seeking a highly qualified and experienced AML/CFT Manager to lead and oversee the Bank's Anti-Money Laundering and Counter-Terrorist Financing reporting activities. The successful candidate will be responsible for ensuring compliance with applicable banking laws, Central Bank of Iraq (CBI) regulations, and AML/CFT requirements while strengthening the Bank's financial crime prevention framework. This position requires strong leadership, extensive banking experience, regulatory expertise, and the ability to effectively coordinate with regulatory authorities, senior management, and internal departments. Key Responsibilities Lead and manage the Bank's AML/CFT Reporting Department, ensuring effective implementation of AML/CFT policies, procedures, and regulatory requirements. Oversee the identification, monitoring, analysis, and investigation of unusual and suspicious financial transactions. Ensure timely and accurate submission of Suspicious Transaction Reports (STRs) to the relevant regulatory authorities. Review and document decisions related to suspicious transaction investigations, including cases where no suspicious activity is identified. Develop, implement, review, and continuously improve AML/CFT policies, procedures, and internal control frameworks. Supervise AML/CFT compliance activities across the Bank's branches through periodic monitoring, inspections, and compliance reviews. Oversee Know Your Customer (KYC), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) processes. Monitor high-risk customers, review financial transactions, and conduct risk-based customer assessments. Coordinate with Compliance, Risk Management, and Internal Audit departments to identify, assess, and mitigate financial crime risks. Ensure compliance with applicable sanctions screening and correspondent banking due diligence requirements. Prepare and submit periodic AML/CFT reports to the Audit Committee, Board of Directors, and relevant regulatory authorities. Coordinate the Bank's annual AML/CFT risk self-assessment and recommend appropriate risk mitigation measures. Maintain accurate AML/CFT records, investigation documentation, and regulatory reporting files. Develop and coordinate AML/CFT training and awareness programs for Bank employees. Supervise, coach, and develop the AML/CFT team to ensure effective performance and regulatory compliance. Maintain effective communication and coordination with the Central Bank of Iraq (CBI) and relevant AML/CFT authorities. Qualifications & Requirements Bachelor's degree in Law, Banking & Finance, Business Administration, Economics, Statistics, or a related field . Minimum 5 years of banking experience , preferably in AML/CFT, Compliance, Financial Crime Prevention, or Regulatory Reporting. Strong knowledge of Anti-Money Laundering and Counter-Terrorist Financing regulations and applicable Iraqi banking laws. Good understanding of Central Bank of Iraq (CBI) regulations and regulatory reporting requirements. Practical experience in suspicious transaction monitoring, investigation, and regulatory reporting. Strong knowledge of KYC, CDD, EDD, sanctions screening, and risk-based customer monitoring. Experience in developing, implementing, and reviewing AML/CFT policies, procedures, and internal controls. Strong understanding of financial crime risks, regulatory compliance, and banking operations. Proven leadership, team management, and organizational skills. Excellent analytical, investigative, problem-solving, and decision-making abilities. Strong communication, reporting, and stakeholder management skills. Ability to work effectively with regulatory authorities and cross-functional departments. Good command of the English language . High level of professional integrity, confidentia