Primary Purpose
The position involves the analysis and investigation of alerts pertaining to possible customer and payment screening matches, transaction monitoring rules and reporting requirements. The Analyst is also required to file applicable reports and recommendations regarding the management of positive matches to the Manager. Ensuring compliance with all AML/CFT/PF regulatory requirements including FICA i.e. KYC and the company’s internal processes; policies, procedures and regulations
Minimum Requirements
Qualifications
• Diploma and/or equivalent (Finance, Business, Accounting, Economics, Risk or equivalent)
• Money Laundering Control Certificate preferred
Duties and Responsibilities include but not limited to:
FINANCE
FINANCIAL MANAGEMENT
Contribute to cost savings effort
• Assist in mitigating risk of regulatory fines through timeous submission of reports
• Ensure AML activities are conducted in a cost efficient manner
• Ensure proper analysis of client profiles in line with AML legislation•
CUSTOMER CENTRICITY
Drive customer service
• Ensure all queries are attended to within agreed turnaround time.
• Analyse and assess business/customer requirements to provide timeous and fit-for-purpose solutions.
• Build and maintain customer relationship.
• Ensure the analysis of customer profiles is handled fairly
OPERATIONAL EXCELLENCE
Ensure operational efficiencies
• Provide input on the performance of the AML systems.
• Ensure the effective analysis and investigation of alerts and reports pertaining to possible unusual and suspicious transactions or conduct.
• Determine remedial steps required to remediate reporting errors and ensure resubmission.
• Contribute to screening hits feeding into customer risk assessment.
• Assisting with investigating and reporting of customers/transactions being the subject of FICA requests and subpoenas.
• Monitoring the conduct and transactions of specified high-risk scenarios, and reporting of same when required.
• Assist in the continuous testing of AML system rules and enhancement thereof and communicate test results and program gaps to the Business Units, AML IT teams and the system vendor
COMPLIANCE MANAGEMENT
Ensure compliance risk are managed
▪ Ensure the Bank continues to comply with the requirements of AML and CFT legislative requirements.
▪ Provide guidance to the Bank in complying with AML, CFT policy requirements.
▪ Monitor the Banks compliance with KYC screening and reporting obligations.
▪ Ensure reports are filed with the regulatory timeously.
▪ Ensuring compliance with the FICA requirements, and the company’s internal processes; policies; procedures and regulations
This position is advertised in line with our commitment to Employment Equity.