Transaction Monitoring Analyst - Durban
Main job function
CORE PURPOSE OF THE JOB
To manage the money laundering and terror financing risk of the Bank in line with the Financial Intelligence Centre (FIC) Act and related legislation by analysing and investigating suspicious and unusual activity and assisting with reporting obligations.
MAIN FUNCTIONS OF THE JOB INCLUDE:
Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF)
Transaction Monitoring
Analyses and investigates alerts generated by the automated transaction monitoring system (SAS AML), including reporting of statistics to senior management
Prepares draft suspicious transaction reports (STRs) for submission to the Financial Intelligence Centre
Provides input and analysis into the review and amendment of typologies, parameters and settings relating to the automated transaction monitoring system
Assists with user acceptance testing relating to enhancements to the transaction monitoring system to continually enhance the capabilities of the system
Training
Assists with compilation of training material relating to AML/CTF
Other
Research local and international money laundering trends
Provides administrative support to the other members of the department as and when necessary
Relief Duties
Assist with relief duties in the absence in the absence of the MLCO, Sanctions Officer and/or AML Admin Assistant)
Special Projects
Assists with AML/CTF and other regulatory projects that form part of the department objectives and AML responsibilities of the Bank.
QUALIFICATIONS
A tertiary qualification in Commerce, Finance, Law or other related area will be required in order to meet the requirements of the role at the highest level of competence
Anti-money laundering, compliance or anti-fraud professional membership or qualification advantageous
PREFERRED EXPERIENCE
1-2 years banking experience
AML or data analytics experience would be an advantage
KNOWLEDGE
Microsoft Office
Knowledge of the banks systems an advantage
Knowledge of banks policies and procedures
Knowledge of AML/CTF/ Sanctions would be an advantage
A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.
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