Anti Money Laundering Screening Analyst

Access Bank Plc; Gauteng; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A financial institution in South Africa is seeking a Compliance Officer to ensure adherence to anti-money laundering regulations. Responsibilities include screening transactions, conducting due diligence on high-risk customers, and collaborating with various internal teams. The ideal candidate should have 2–4 years of compliance experience and relevant professional certifications. This role offers comprehensive benefits including medical aid and training opportunities.

Benefits

Medical Aid

Provident Fund

Group Life Cover

Income Disability Cover

Funeral Cover

Training & Development

Qualifications

• 2–4 years’ compliance experience in the financial services/banking industry.
• 2–3 years or more experience in AML/CFT and sanctions.

Responsibilities

• Perform real-time sanction screening of customer transactions.
• Conduct enhanced due diligence (EDD) reviews of Politically Exposed Persons (PEPs).
• Monitor and review adverse media alerts.
• Write and prepare suspicious activity reports (SARs).
• Collaborate with compliance and legal teams.

Skills

Proficiency in conducting risk assessments

Ability to interpret legislation

Good analytical ability

Excellent communication and interpersonal skills

Organisational and planning skills

Deadline-driven

Self-motivated

Education

Professional certifications such as CAMS

Com / LLB qualification

Post-graduate diploma in Compliance Management

Tools

Word

Excel

PowerPoint

Job description

Job Mission / Objective

Responsible for conducting thorough screenings, reviews, and assessments on the alerts / reports generated to mitigate financial crime risks and ensure compliance with regulatory requirements.

Responsibilities

• Perform real‑time sanction screening of customer transactions, counterparties, and other relevant data against various sanctions lists and watchlists.
• Conduct enhanced due diligence (EDD) reviews of Politically Exposed Persons (PEPs) and their related entities to assess potential risks and ensure appropriate risk mitigation measures are in place.
• Monitor and review adverse media alerts and news sources to identify and assess reputational risks associated with customers and counterparties.
• Investigate and escape potential matches or hits identified during sanction screening, PEP reviews, and adverse media monitoring processes.
• Collaborate with cross‑functional teams including Compliance, Legal, and Operations to address issues related to sanction breaches, PEP relationships, and adverse media findings.
• Review PEP, Sanction, and Adverse Media triggers of possible matches.
• Conduct independent research to gather and record data and perform client due diligence.
• Write and prepare suspicious activity reports (SARs) when applicable.
• Ensure proper record‑keeping of data collected and analyzed.
• Escalate true matches to senior management for approval.
• Ensure efficient identification, monitoring, and reporting of accounts considered high‑risk accounts.
• Assess AML Reports relating to ongoing monitoring of high‑risk accounts.
• Support the development of Access Bank (SA) Ltd Compliance Framework.
• Support the maintenance of the applicable Access Bank (SA) Ltd Regulatory Universe.
• Help identify potential weaknesses in processes.
• Act as a subject‑matter expert to employees, providing guidance on actions to take in dealing with high‑risk accounts related to PEPs, sanctions, and adverse media customers.
• Create an environment oriented to trust and open communication.
• Maintain excellent relationships with internal and external stakeholders.
• Contribute to the preparation and delivery of regular reports to various stakeholders, EXCO and Audit and Compliance Committee.
• Assist fellow compliance officers and team members in achieving project or operation goals and reporting deadlines.
• Identify and extract possible synergies between internal audit and foster a co‑operative relationship to the advantage of the business.
• Perform general compliance administrative duties.
• Ensure attendance of business workshops and training sessions.

Qualifications & Experience

• Professional certifications such as CAMS (Certified Anti‑Money Laundering Specialist) or equivalent are preferred.
• Com / LLB qualification (advantage).
• Appropriate professional qualification from a reputable educational institution or professional body or accredited compliance course endorsed by the Compliance Institute (advantage).
• Post‑graduate diploma in Compliance Management (advantage).
• 2–4 years’ compliance experience in the financial services/banking industry.
• 2–3 years or more experience in AML/CFT and sanctions.

Skills / Specialized Know‑How

• Proficiency in conducting risk assessments and analysing customer data.
• Ability to interpret legislation.
• Understanding of and ability to implement monitoring methodologies.
• Strong knowledge of AML/CFT regulations and compliance requirements in South Africa.
• Computer literacy (Word, Excel, PowerPoint).
• Good analytical ability.
• Excellent communication and interpersonal skills.
• Good organisational ability and time management.
• Excellent report‑writing skills.
• Organisational and planning skills.
• Ability to cope under pressure.
• Assertive, confident, patient, and able to adapt with various team dynamics.
• Deadline‑driven.
• Self‑motivated and able to work independently and in a team.
• Attentive to detail, diligent, proactive, and with a keen sense of responsibility and accountability.
• Willing to travel nationally when required.
• All appointments will be made in line with Access Bank's Employment Equity plan.

Benefits

• Medical Aid
• Provident Fund
• Group Life Cover
• Income Disability Cover
• Funeral Cover
• Training & Development

EEO Statement

The Bank supports the recruitment and advancement of individuals living with disabilities. In order for us to fulfil this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless required by law to disclose it to other parties. Employees who apply and do not hear from HR within 30 days of the closing date may assume that their application was not successful, and we thank you for applying.