Transaction Monitoring Specialist

6 days ago


Durban, KwaZulu-Natal, South Africa Armstrong Appointments Full time
Job Summary

Armstrong Appointments is seeking a highly skilled Transaction Monitoring Specialist to join our team. As a key member of our Financial Intelligence department, you will play a critical role in managing the Bank's money laundering and terror financing risk.

Main Responsibilities
  • Manage the Bank's money laundering and terror financing risk in accordance with the Financial Intelligence Centre (FIC) Act and related legislation.
  • Analyse and investigate suspicious and unusual activity to identify potential threats.
  • Assist with reporting obligations and provide input on the review and amendment of typologies, parameters, and settings relating to the automated transaction monitoring system.
  • Conduct user acceptance testing to enhance the capabilities of the transaction monitoring system.
  • Develop and deliver training material on Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF) best practices.
  • Provide administrative support to the Financial Intelligence department as needed.
Requirements
  • Tertiary qualification in Commerce, Finance, Law, or a related field.
  • Experience in AML, compliance, or anti-fraud is highly desirable.
  • Strong analytical and problem-solving skills.
  • Excellent communication and interpersonal skills.
  • Proficiency in Microsoft Office and knowledge of the Bank's systems.
Preferred Qualifications
  • 1-2 years of banking experience.
  • AML or data analytics experience is an advantage.
Knowledge and Skills
  • Microsoft Office.
  • Knowledge of the Bank's policies and procedures.
  • Knowledge of AML/CTF/Sanctions is an advantage.


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