Financial Crime Analyst

Standard Bank Group; Douglas; On-site; GBP 45,000 - 65,000; Full time

Job summary

Standard Bank Offshore is seeking a Compliance professional to conduct surveillance, analyse and investigate customers related to potential terrorist financing and money laundering, ensuring operations remain compliant. The role entails working with stakeholders across bank processes and regulatory requirements.

Experience in AML/CTF, data analytics and investigative surveillance is required, with emphasis on thorough analysis of alerts and high-risk customers to prevent operational losses and

Qualifications

• 3-4 years experience in Compliance.
• Experience in bank processes, products and systems.
• Experience in Anti-Fraud, Bribery, Market Abuse, Money Laundering and Combatting Financing of Terrorism Surveillance, Analytics and Investigation.

Responsibilities

• Analyse alerts (System, Manual, Regulatory, Remittance Platform & Excon Alerts) to identify suspicious activities relating to money laundering & terrorist financing.
• Analyse all information related to alerts and/or instructions received to detect possible money laundering; terrorist financing; sanctions breaches, exchange control contraventions and other legislative breaches.
• Analyse all matters relating to high‑risk customers containing adverse information, complex and significant issues to line management for immediate action to avoid operational losses, fines, penalties or reputational damage.
• Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
• Collaborate with the Financial Intelligence Centre to address large scale or sensitive financial crimes as they relate to specific requests issued by the FIC.

Skills

Compliance experience

Bank processes

Stakeholder management

AML surveillance

Data analytics

Job description

Standard Bank Offshore is the offshore arm of the Standard Bank Group, a leading Africa focused financial services group, and an innovative player on the global stage. Our international Banking, Lending, Investment, Fiduciary and Wealth Management services offers a variety of career-enhancing opportunities - plus the chance to work alongside some of the sector’s most talented, motivated professionals.

Our clients range from individuals to businesses of all sizes, high net worth families and large multinational corporates and institutions. We're passionate about creating growth in Africa and SBO is perfectly positioned to support the growth of our organisation from our office in the Isle of Man, Jersey, London, MAUs and South Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

NOTE: This role is not open to Relocation or Sponsorship. Isle of Man residents are eligible to apply.

To conduct surveillance, analyse and investigate customers with respect to potential terrorist financing and money laundering related to bribery, corruption, another predicate offences or other suspicious activity, based on System and Manual Alerts. This is essential in order to contribute to the assurance that business is undertaken in a compliant manner to avoid operational losses, fines, penalties or reputational damage to the organisation.

Qualifications

Experience Required :

• 3- 4years experience in Compliance
• Experience in bank processes, products and systems. Experience in dealing with different stakeholders at different levels both internal and external.
• Experience in the realm of Anti-Fraud, -Bribery, -Market Abuse, -Money Laundering and Combatting Financing of Terrorism Surveillance, Analytics and Investigation.

Key Outputs :

• Analyse alerts (System, Manual, Regulatory, Remittance Platform & Excon Alerts) to identify suspicious activities relating to money laundering & terrorist financing. Assess the independent risk profiles of clients as a second line-of-defence, in relation to consequential risks. Conduct in-depth research & perform data analytics to identify patterns & trends consistent with money laundering, terror financing, and other types of suspicious activity. Escalate trends & typologies to line management.
• Analyse all information related to alerts and/or instructions received, via any method or form, in order to detect possible money laundering; terrorist financing; sanctions breaches, exchange control contraventions and any other legislative breaches.
• Analyse all matters relating to high‑risk customers containing adverse information, complex and significant issues to line management for immediate action in order to avoid operational losses, fines, penalties or reputational damage to the organisation.
• Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
• Collaborate with the Financial Intelligence Centre to address large scale or sensitive financial crimes, as they relate to specific requests issued by the FIC

Additional information

• Developing Expertise
• Following Procedures
• Managing Tasks
• Interpreting Data
• Compliance
• Financial Industry Regulatory Framework
• Fraud Detection and Management
• Legal Compliance

#SBO

Additional Information

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