Aml Analyst

Introduction

As an AML Analyst, you will be assisting the AML Officer and the Chief Compliance Officer in ensuring that all AML/CFT reporting requirements are timeously done in accordance with regulatory timelines. To provide support to the AML officer by ensuring continuous self-development in AML trends and typologies and by assisting the AML officer to advise and provide training to staff where necessary.

The Role

To assist the AML Officer and Chief Compliance Officer to formulate the Risk Management and Compliance Programme as per S42 of the Act by conducting the following tasks:
Formulating step by step AML/CFT Procedures

Conduct analysis of static data for the risk calculator;
Assist in the implementation of the risk calculator and risk assessment guide

Update CDD requirements including the verification matrix

Update the client information form to incorporate approved requirements

Where applicable, compile an implementation plan for the remediation of CDD for all clients when CDD requirements are updated

Compile an implementation plan for the re-identification of all clients

To monitor and conduct screening (Name, Payment and Vessel Screening)

Transaction Monitoring

To perform, review and monitor activities under the RE-ID programme

To conduct Enhanced Due Diligence (EDD)

To ensure that all payments that alert are investigated and cleared from the queue timeously

Level 1 review and sign off on all manual vessel screening and payments

Level 1 review and sign off on all name screening hits identified through the NGS Name Screening System., ensuring that all positive matches are investigated and has a relevant impact on the client’s risk rating.

To ensure that all name screening hits are investigated and signed off within 5 business days

To assist the AML Specialists in Ensuring all cases are attended to within 48 hours of the generation date with a view to determine whether a report should be submitted to the FIC.

Ensuring that any STRs identified are reported

Keeping a register of all clients according to their risk rating

Advising the Corporate Banking Department, Treasury Department and Cape Town on clients to be reviewed as, and when, they are due

Conduct 1st review of the completed Re-Identification process of clients and advise frontline departments on documents needed

**Client On-Boarding**: Conducting pre-screening; complete an enhanced due diligence when necessary; review and sign off client files; review the client information captured on the core banking system; To conduct level 1 investigation and sign off on the name screening results and to conduct level 1 review and sign off of on the Risk Rating section

Enhanced Due Diligence (EDD)

GoAML (Section 27, 32 and 34 Requests from the FIC)

Non-Disclosure Agreements (NDA) and Guarantee Screening

To assist with AML related projects according to Business and legislative requirements

To provide guidance to business in terms of medium high risk transactions and clients

To ensure that there is a current understanding of money laundering, terrorist financing and proliferation financing issues, including regulations, industry best practice and criminal typologies and developing trends.

To provide frontline departments with feedback on all screening results where there has been significant adverse information identified.

Work Experience

Qualifications and Skills