ANALYST: AML SANCTIONS & SURVEILLANCE

M-Ploy Global Resourcing; Centurion; On-site; ZAR 200 000 - 300 000; Full time

Job summary

An established industry player is seeking an Analyst for Anti-Money Laundering, Sanctions, and Surveillance. This role is crucial in supporting the AML Manager to enhance efficiencies in the AML area. You will assist in conducting gap assessments, designing AML processes, and implementing training programs for employees. The position also involves monitoring trends in the industry and ensuring compliance with financial crime regulations. If you have a strong background in AML and a passion for combating financial crime, this opportunity is perfect for you to make a significant impact.

Qualifications

• 5 to 10 years of experience in AML and financial crime.
• Degree required with knowledge of compliance systems.

Responsibilities

• Assist in AML processes, including training and monitoring.
• Design and implement risk-based AML programs and controls.

Skills

AML

Microsoft Office

Advanced Excel

Enterprise risk management principles

Financial crime knowledge

Education

Degree

Tools

Compliance systems

AML systems

Job description

ANALYST: AML, SANCTIONS & SURVEILLANCE

PURPOSE
The Analyst: Anti-Money Laundering, Sanctions and Surveillance role supports the Manager: Anti-Money Laundering (also known as Anti-Money Laundering Officer {AMLO}) to increase efficiencies in the AML area. This will entail the following:

1. Assist in the undertaking of gap assessments as it relates to the FICA requirements for client on-boarding.
2. Assist in enhancing the control environment by identifying gaps related to money laundering and financial crime.
3. Assist in the designing of AML processes and implementation to deter and detect money laundering and terrorist financing.
4. Assist in implementing the elements of an AML/Sanctions programme, including a financial crime programme.
5. Assist in the training of employees on the AML program. This includes CTR, STR, TPR and reporting anonymously without tipping off the individuals concerned amongst other requirements.
6. Maintain and monitor training statistics related to AML.
7. Assist with designing a risk-based programme which will include the following:
1. Designing system controls.
2. Analysing screening data and identifying potential red flags.
3. Analysing AML transactional data.
4. Keeping and maintaining version controls of all clients screened.
5. Ensuring that the risk rating outcomes are monitored.
6. Ensuring all processes and controls are mapped and documented to detect potential money laundering.
8. Support the credit and other transactional processes in ensuring sanctions screening is undertaken upfront.
9. Assist the Manager AML with reports submitted to various committees.
10. Support Manager AML with relationships with our stakeholders and assist in the preparation for various inspections, including preparation of material and gathering of information for the inspection.
11. Participate in industry forums.
12. Monitor industry trends.

Desired Skills:

• AML
• Microsoft Office and Advanced Excel - Knowledge of enterprise risk management principles including financial crime.
• Knowledge / Experience of compliance and AML systems / tools.

Desired Work Experience:

• 5 to 10 years.

Desired Qualification Level:

• Degree.