Transaction Monitoring Analyst (23 views)

Durban
July 4, 2024

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 analysing and investigating suspicious and unusual activity and assisting with reporting obligations.

MAIN FUNCTIONS OF THE JOB INCLUDE:
Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF)
Transaction Monitoring
• Analyses and investigates alerts generated by the automated transaction monitoring system (SAS
AML), including reporting of statistics to senior management
• Prepares draft 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 transaction monitoring system to continually enhance the capabilities of the system

Training
• Assists with compilation of training material relating to AML/CTF

Other
• Research local and international money laundering trends
• Provides administrative support to the other members of the department as and when necessary

Relief Duties
• Assist with relief duties in the absence in the absence of the MLCO, Sanctions Officer and/or AML
Admin Assistant)

Special Projects
• Assists with AML/CTF and other regulatory projects that form part of the department objectives and AML responsibilities of the Bank.

QUALIFICATIONS
• A tertiary qualification in Commerce, Finance, Law or other related area will be required in order 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
• 1-2 years banking experience
• AML or data analytics experience would be an advantage

KNOWLEDGE
• Microsoft Office
• Knowledge of the bank’s systems an advantage
• Knowledge of bank’s policies and procedures
• Knowledge of AML/CTF/ Sanctions would be an advantage

Al Baraka Bank is an Equal Opportunity Employer. Applicants from the previously disadvantaged
groups and people with disabilities will be given preference.