AML Surveillance Analyst (m/f)

Description

• The AML Surveillance Analyst is responsible for the efficient identification and monitoring of suspicious activities and transactions in the Bank; timeous reporting of suspicious transactions and activities to the Financial Intelligence Centre; and further assist with money laundering related queries received from Corresponding Banks

Duties

• Investigation for potential money laundering/terrorist and proliferation financing risks in the Bank
• Ensure efficient identification and monitoring of suspicious activities and transactions
• Maintain current understanding of money laundering/terrorist and proliferation financing issues, including policies, procedures, regulations, industry best practice, financial crime typologies and developing trends
• 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
• Monitoring of transactions screening applications (Local and Cross Border)
• Obtain documentary evidence of suspicious transactions and activities and ensure effective record keeping of suspicious transaction/activities identified and reported to the Financial Intelligence Centre in line with the regulatory requirements
• Prepare suspicious activity reports (SARs) and suspicious transaction reports (STRs) /Additional Information Files (AIFs), when required
• 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; and escalation to management of all correspondent banking issues
• Regulatory Engagement
• Maintain a sound relationship with the FIC and 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 of two 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
• Analyzing
• Learning & Researching
• Planning and Organizing
• Achieving Personal Work Goals and Objectives
• Entrepreneurial and Commercial Thinking

Notes

• Only shortlisted applicants will be contacted