CORE PURPOSE OF THE JOB
To review and provide a level 1 approval support for processing of applications requiring enhanced due diligence submitted by AML to the AML committee. To provide support to the Transaction Monitoring function in investigating cases and making a determination for reporting. To investigate typologies currently deployed on the SAS environment and suggest enhancements to the environment as and when required. To provide support where AML staff are on leave to ensure that all tasks are completed within the designated timeframes.
MAIN FUNCTIONS OF THE JOB INCLUDE:
- Enhanced Due Diligence (EDD)
Ensures that the EDD applications process is conducted efficiently and accurately while identifying and mitigating the appropriate risks. Ensuring that all rules as per the CDD/EDD procedure are applied and provide a response to AML’s recommendations. - Transaction Monitoring
Analyses and investigates alerts generated by the automated transaction monitoring system (ATMS), including reporting of statistics to senior management. Prepares 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 ATMS to continually enhance the capabilities of the system.
QUALIFICATIONS
A Degree in Business or Commerce will be required to meet the requirements of the role at the highest level of competence. Anti-money laundering, compliance qualification is advantageous.
PREFERRED EXPERIENCE
A minimum of 3 years’ experience in an anti-money laundering or compliance environment. A minimum of 3 years banking/financial services experience. IT skills are a definite advantage.
KNOWLEDGE
Microsoft Office, AML/CTF Policies and Procedures, Knowledge of Anti-Money Laundering and Counter Terrorist Financing (AML/CTF) legislation and associated guidance notes (i.e., FICA, Prevention of Organized Crime Act (POCA), POCDATARA), FATF Recommendations, and international best practice.
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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