Junior: Aml Analyst

Findojobs South Africa; Gauteng; On-site; ZAR 300,000 - 450,000; Full time

Job summary

A leading bank in South Africa is looking for an AML Analyst to ensure compliance with AML/CFT regulations and investigate alerts related to payment screenings. Candidates should have prior experience in financial services, analytical skills, and knowledge of AML policies. This role is vital for maintaining the bank's integrity in financial activities.

Qualifications

• Minimum 1 year of experience in a similar role.
• 1-3 years of experience in financial services.
• Diploma or equivalent in a relevant field.

Responsibilities

• Ensure compliance with AML and CFT regulations.
• Investigate alerts related to payment screening.
• Compile and submit daily AML reports.

Skills

Knowledge of AML, CFT regulations

Analytical skills

Attention to detail

Ability to analyze information from multiple sources

Microsoft Office (Advanced Excel skills)

Education

Diploma in Finance, Business, Accounting, Economics, Risk

Money Laundering Control Certificate

Job description

The position involves the analysis and investigation of alerts pertaining to possiblecustomer and payment screening matches, transaction monitoring rules and reportingrequirements. The Analyst is also required to file applicable reports and recommendationsregarding 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.

TECHNICAL COMPETENCYREQUIREMENT

• knowledge of AML, CFT regulations and principles
• Analytical and Attention to detail
• Good knowledge and understanding of AML policies, procedures, and controlarrangements in complex AML operations.
• Knowledge of financial industry products and services would be advantageous.
• Ability to understand and efficiently analyse information from multiple sources.
• Ability to work independently and meet deadlines
• Knowledge and experience of sanction screening, reporting and customer duediligence.
• Microsoft Office (Advanced Excel skills)

REQUIRED MINIMUMEDUCATION AND TRAINING

• Diploma and / or equivalent (Finance, Business, Accounting, Economics, Risk orequivalent)
• Money Laundering Control Certificate preferred

REQUIRED MINIMUM WORKEXPERIENCE

• Minimum 1 year of experience in similar role
• 1 - 3 year's experience in a financial services industry

FINANCIALMANAGEMENT

• Assist in mitigating risk of regulatory fines through timeous submission ofreports
• Ensure AML activities are conducted in a cost-efficient manner
• Ensure proper analysis of client profiles in line with AML legislation

CUSTOMERCENTRICITY

• Ensure all queries are attended to within agreed turnaround time.
• Analyse and assess business / customer requirements to provide timeousand fit-for-purpose solutions.
• Build and maintain customer relationship.
• Ensure the analysis of customer profiles is handled fairly.

OPERTIONALEXCELLENCE

• Provide input on the performance of the AML systems.
• Ensure the effective analysis and investigation of alerts and reportspertaining to possible unusual and suspicious transactions or conduct.
• Determine remedial steps required to remediate reporting errors andensure 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 enhancementthereof and communicate test results and program gaps to the BusinessUnits, AML IT teams and the system vendor.

CULTURE AND ENGAGEMENT

• Contribute to making the department a great place to work.
• Promote teamwork (level of teamwork, accountability, delivery, quality &speed of information shared contribution to efficiency and effectiveness ofarea)
• Make effort to forge and maintain quality inter-personal relationships.
• Take accountability for the achievement to operational objectives withinarea of control and influence.
• Support and drive the business's core values.
• Promote the sharing of knowledge.

COMPLIANCEMANAGEMENT

Ensure the Bank continues to comply with the requirements of AML andCFT legislative requirements.

Provide guidance to the Bank in complying with AML, CFT policyrequirements.

Monitor the Banks compliance with KYC screening and reportingobligations.

Ensure reports are filed with the regulatory timeously.

Ensuring compliance with the FICA requirements, and the company'sinternal processes; policies; procedures and regulations.

STAKEHOLDERMANAGEMENT

• Ensure Bank objectives are communicated to all stakeholders.
• Provide support to correspondent banking partners.
• Identify problem areas and recommend corrective action is taken.
• Liaise with business on all relevant matters within area of responsibility.
• Facilitate liaison with the systems providers to ensure proper understandingof the system specifications, requirements and functions.
• Ensure quality engagement and correspondence with various businesspartners.
• Close interaction with various teams / functions in the Bank to ensureawareness of system related challenges and speedy resolution.

REPORTING

• Extracting of reports from go AML Message Board and saving in S : drivefolders for long term record keeping.
• Daily analysis and investigating of submitted batch and manual reportresults as received from the FIC.
• Investigation of all failed reports for route course analysis.
• Filing of Manual CTR's as and when required.
• Submit reports, daily analysis.
• Resubmission of remediated reports within prescribed timeframe.
• Assist in the compilation of monthly AML metrics for management reportingpurposes

LEARNING ANDGROWTH

Assist Senior Analyst with AML Compliance training content and wherenecessary provide AML training to Business.

Take ownership for driving own career development.

Achievement of objectives / milestones set out in the development plan.

Broaden skills to ensure greater marketability and value within the bank.

This position is advertised in line with our commitment to Employment Equity.

Create a job alert for this search