alogosmall
Anti-Money Laundering (Ref: CFSD-DBN)
Remuneration: 15000 - 20 000 basic

Position in the Information Technology sector in Durban - Kwa- Zulu Natal
Posted On Monday 11 July 2022
Job Description:

Our client, one of the largest international Islamic banking groups in the world is looking for an Anti-Money Laundering and Counter Terrorist Financing Officer, to be based at Head Office in Durban, 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 monitoring and analysing suspicious and unusual activity, assisting with the development of internal controls and training regarding FICA.

 

 Main job function

      Analyses, investigates, and reports forex Suspicious Transaction Reports and manual Suspicious Transaction Reports.

      Reviews and submits Suspicious Transaction Report captured by Anti-Money Laundering Admin Assistant to the FIC and saves all evidence & reports of submission from GoAML

      Submits Cash Threshold Reports daily to the FIC via the AFS system including manual submissions on GoAML. Reviews submission status to ensure reports are successful.

      Reviews the analysis and investigations of alerts generated by the automated transaction monitoring system (SAS AML) by conducting manager reviews, including reporting of statistics to senior management

      Analyses Enhanced Due Diligence applications for International Banking, Non-Profit Organisations and foreign shareholding with suitable recommendations, and attends EDD Committee meetings

      Conducts investigations & compiles Financial Crime Reports for suspected financial crime incidents for Fraud Risk.

      Collates information and responds to other requests for information from the FIC eg Section 32, 35 etc.

      Research local and international money laundering trends.

      Assists in informing senior management and directors of current events relating to anti-money laundering, counter terrorist financing and new legislation, when required. 

      Responds to Anti-Money Laundering related queries.

      Assists with Anti-Money Laundering and Counter Terrorist Financing and other regulatory projects that form part of the department objectives and AML responsibilities of the Bank.

      Anti-Money Laundering and Counter Terrorist Financing Training - Prepares and updates training material on FICA and AML, on a regular basis and when new developments occur.

      Assists in informing senior management and directors of current events relating to anti-money laundering, counter terrorist financing and new legislation, when required. 

      Assists with enquiries from regulators and provides information when required

      Assists the AML Supervisor by overseeing the daily functions of the AML team.

Qualifications:

      A Degree or Relevant Qualifications will be required 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.

Experience:

      At least 3 years’ experience in an anti-money laundering, fraud management or compliance environment.

      A minimum 3 years Banking experience would be an advantage.

      Microsoft Office

      Lexis Nexis

      goAML site

      SAS AML

      Docuware

      Power BI

      SAFPS

      WinSCP

      Enterprise

      Imal

      FICA Policies and Procedures

      In-depth knowledge of Financial Intelligence Centre Act (FICA) and related anti-money laundering legislation.

 

 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

Please contact Catherine Fforde catherinef@armstrongappointments.com