Money Laundering Reporting Analyst

Standard Bank Group; Douglas; On-site; GBP 60,000 - 90,000; Full time

Job summary

Standard Bank Offshore in the Isle of Man is seeking an experienced Compliance Analyst to conduct in-depth analysis into high-profile PEPs/PIPs and related AML/CFT investigations, mitigating risks to the organisation. The role requires 3-4 years in Compliance, with knowledge of money laundering indicators, bank processes, and stakeholder engagement.

You will produce synopses for law enforcement and regulatory bodies and ensure adherence to applicable regulations.

Qualifications

• 3-4 years experience in Compliance.
• Experience in AML / CFT investigative work.
• Experience in analysis of money laundering indicators and trends.
• Experience in dealing with stakeholders at internal and external levels.

Responsibilities

• Assess the independent risk profiles of high-profile clients as a second line-of-defence, in relation to consequential risks.
• Analyse information arising from negative news, customer identification & verification, to enable the drafting of accurate synopses for submission to law enforcement & regulatory authorities.
• Submit data, perform data analytics, identify & analyse trends consistent with money launder, terrorist financing, & other suspicious activity, to determine the impact on operations.
• Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
• Conduct in-depth analysis to ensure that the organisations' products and services adhere to all relevant legislation and regulations.
• Maintain pro-active awareness of potential high-risk persons or entities through monitoring of open source information (e.g. press releases, social media)
• Store and manage all information and data on the required systems, in the required format and for the required duration as prescribed by the relevant data model and in adherence with the policies and procedures

Skills

Compliance

Regulatory framework

Fraud detection

Legal compliance

Governance & risk

Risk management

Education

Diploma in Risk Management

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.

NOTE: This role does not offer Relocation or Sponsorship. Applicants must be eligible to work in Isle of Man.

To conduct in-depth analysis and investigations into high profile, high-risk Politically Exposed Persons (PEPs) or Politically Influential Persons (PIPs), related to terrorist financing, money laundering, bribery, corruption, market abuse, other predicate offences or other suspicious activity, therefore mitigating the potential for operational losses, fines, penalties or reputational damage to the organisation.

Minimum Qualification:

• Diploma in Risk Management

Experience Required :

• 3-4 years experience in Compliance
• Experience in the analysis of money laundering and terrorist financing indicators and trends. Experience in bank processes, products and systems. Experience in dealing with different stakeholders at different levels both internal and external. Experience in AML / CFT investigative work.

Key Outputs :

• Assess the independent risk profiles of high profile clients as a second line-of-defence, in relation to consequential risks. Analyse information arising from negative news, customer identification & verification, to enable the drafting of accurate synopses for submission to law enforcement & regulatory authorities. Submit data, perform data analytics, identify & analyse trends consistent with money launder, terrorist financing, & other suspicious activity, to determine the impact on operations.
• Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
• Conduct in-depth analysis to ensure that the organisations' products and services adhere to all relevant legislation and regulations.
• Maintain pro-active awareness of potential high-risk persons or entities through monitoring of open source information (e.g. press releases, social media)
• Store and manage all information and data on the required systems, in the required format and for the required duration as prescribed by the relevant data model and in adherence with the policies and procedures

#SBO

Behavioural Competencies:

• Articulating Information
• Managing Tasks
• Taking Action
• Upholding Standards
• Following Procedures

Technical Competencies:

• Compliance
• Financial Industry Regulatory Framework
• Fraud Detection and Management
• Legal Compliance
• Promote Good Governance, Risk & Control
• Risk Management

#SBO