ANTI-MONEY LAUNDERING OFFICER, Durban

CORE PURPOSE OF THE JOB

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 FUNCTIONS OF THE JOB
• Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF)
• Analyses, investigates, and reports forex STRs and manual STRs
• Reviews and submits STR (Suspicious Transaction Report) captured by AML Admin Assistant to the FIC and saves all evidence & reports of submission from GoAML
• Submits CTRs (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 AML related queries.
• Assists with AML/CTF and other regulatory projects that form part of the department objectives and AML responsibilities of the Bank. AML/CTF Training
• Prepares and updates training material on FICA and AML, on a regular basis and when new developments occur.
• Conducts presentations or training sessions to staff on FICA and AML, when new developments occur.
• Policy, Documentation and Interaction with Regulators
• Assists with the preparation of AML related Policies.
• Documents AML related procedures.
• Prepares memos or circulars relating to internal policies and procedures on AML/CTF.
• Assists with enquiries from regulators and provides information when required Supervisory
• 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.

PREFERRED 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.

KNOWLEDGE
• 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.