AML Analysts x2

Description

• Responsible for the efficient identification, monitoring and reporting of suspicious activities and transactions in the Bank, and further assist with money laundering related queries received from corresponding Banks

Duties

• Monitoring of the Client Screening Application (Investigation and Analysis):
• Monitor and review alerts generated by the client screening system (PEP, Sanctions and Adverse media) and conduct appropriate reviews to facilitate closure of alerts or further investigation/reporting
• Act as a subject matter expert to employees, providing guidance on what actions to take in dealing with high-risk accounts related to PEPs, Sanctions and Adverse media customers
• Monitoring of Transactions screening Applications (Local and Cross Border):
• Perform investigations where there are ML/TF/PF suspicions regarding clients’ transactions, activities and/or matters with a holistic review, adequate data and recording evidence to detect any suspicious transaction
• Additionally, Escalate findings clearly and concisely for internal review by the Senior Analyst and/ or Manager: AML Compliance
• Review of SDA transactions/ Trade Services Documents/ Business Queries:
• Timeous review of SDA transaction above a determined threshold to determine if such a transaction is in line with the financial profile of the client and if adequate documents have been obtained to mitigate the ML/TF and PF risks
• Monitoring of High-Risk Business Relationships:
• Monitor the high-risk business relationships and ensure that enhanced due diligence is performed at on-boarding and during the business relationship
• KYC – Correspondent Banking Relationships:
• Timely completion of correspondent banking questionnaires and queries, as well as escalation to management of all correspondent banking issues
• Regulatory Engagement:
• Maintain a sound relationship with the FIC
• Timeously attend to queries as required by the Financial Intelligence Centre and Bank of Namibia or relevant Law Enforcement Agencies (includes execution of intervention orders)
• AML/CFT/CPF Training:
• Conduct AML/CFT/CPF related training
• AML/CFT/CPF Process Manuals:
• Update the Bank’s AML/CFT/CPF Process manuals

Requisites

• Experience/Knowledge & Skills:
• Minimum 2 years’ experience in financial services data analysis. AML Compliance specific experience preferred
• Strong analytical skills required to organize and analyze multiple, complex data sets as well as strong interpersonal and organizational skills
• Computer literacy essential
• Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods
• Strong technical skills
• General understanding of marketplace AML issues and AML suspicious activity transaction monitoring systems, data mining/analytical tools, and KYC automated solutions is helpful
• Strong ability to quickly grasp and understand business unit specific AML risks, develop comprehensive user requirements, and provide recommendations for appropriate automated solutions to mitigate those risks
• Qualifications:
• Bachelor’s degree or higher education level
• Diploma in Anti Money Laundering or related field will be distinct advantage
• Certification in a professional association such as the Association of Certified Anti- Money Laundering Specialists (ACAMS) would be a distinct advantage
• Core Competencies:
• Deciding and Initiating Action
• Adhering to principles & values
• Applying Expertise and Technology
• Analysing
• Learning & Researching
• Planning and Organising
• Achieving Personal Work Goals and Objectives
• Entrepreneurial and Commercial Thinking

Notes

• Only shortlisted applicants will be contacted