Senior AML Analyst

Primary Purpose

The position involves the analysis and investigation of alerts pertaining to possible customer and payment screening matches, transaction monitoring rules and reporting requirements. The Analyst is also required to file applicable reports and recommendations regarding the management of positive matches to the Manager. Ensuring compliance with all AML/CFT/PF regulatory requirements including FICA i.e. KYC and the companys internal processes; policies, procedures and regulations.

Minimum Requirements

• Degree and/or NQF Equivalent in Legal or Audit or Compliance or Risk Management or Commerce
• Money Laundering Control and/or CAMS Certificate (preferred)
• Minimum 5 years of experience in similar role
• Minimum 3 years experience in a financial services industry

Duties and Responsibilities include but not limited to:

FINANCE

FINANCIAL MANAGEMENT

• Ensure adequate controls are in place to mitigate risk of regulatory fines through timeous submission of reports
• Ensure AML activities are conducted in a cost efficient manner
• Ensure proper analysis of client profiles in line with AML legislation

CUSTOMER CENTRICITY

Drive customer service

• Drive customer centricity within the bank for your respective areas
• Ensure all queries are attended to within agreed turnaround time.
• Analyse and assess business/customer requirements to provide timeous and fit-for-purpose solutions.
• Build and maintain customer relationship.
• Ensure the analysis of customer profiles is handled fairly.
• Stay abreast of customer requirements and trends to ensure enhanced customer value proposition

OPERATIONAL EXCELLENCE

Ensure operational efficiencies

• Regular review of quality of Bidvest bank internal AML monitoring systems.
• Ensure the effective analysis and investigation of alerts and reports pertaining to possible unusual and suspicious transactions or conduct including quality assurance.
• Determine remedial steps required to remediate reporting errors and ensure resubmission.
• Ensure quality outcomes on the customer risk assessment process.
• Conduct investigations 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.
• Continuously test AML system rules and enhancement thereof and communicate test results and program gaps to the Business Units, AML IT teams and the system vendor.

COMPLIANCE MANAGEMENT

Ensure compliance risk are managed

• Ensure the Bank continues to comply with the requirements of AML and CFT legislative requirements.

• Provide guidance to the Bank in complying with AML, CFT policy requirements.

• Monitor the Banks compliance with KYC screening and reporting obligations.

• Ensure reports are filed with the regulatory timeously.

• Ensuring compliance with the FICA requirements, and the companys internal processes; policies; procedures and regulations

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