AML Surveillance Analyst II
Listing reference: capbw_000352
Listing status: Closed
Apply by: 12 October 2022
Position summary
Industry: Banking
Job category: Banking, Finance, Insurance. Stockbroking
Location: Windhoek
Contract: Permanent
Remuneration: TBD
EE position: No
Introduction
The AML Surveillance Analyst II will work as part of the AML Compliance team, assisting in effective implementation of Bank Windhoek’s AML/CFT/CPF framework, managing, and maintaining the organization’s obligations as it relates to the rolling out the AML/CTF/CPF programme and reporting of money laundering activities.
Job description
1. KEY PERFORMANCE AREAS
· Responsible for managing the AML Surveillance Analyst I
· Provide data for use in drafting reports for the relevant governance committees
· Monitor and provide specialist advisory services to Business Units in respect of AML/CFT/CPF Compliance
· Develop and execute AML/CFT/CPF training face-to-face training for staff in various business units
· Regularly attend industry meetings such as FIC meetings, BAN Compliance Subcommittee meetings, FIC workshops etc
· Attend to queries as required by the Financial Intelligence Centre (FIC) and Bank of Namibia (BoN) or relevant Law Enforcement Agencies (LEAs)
2. CONDUCTING BANK WINDHOEK’S ML/TF/PF RISKS
· Conduct periodic ML/TF/PF risk assessment for Bank Windhoek ‘s new and existing products/services, applications, delivery channels and geographical locations
3. REGULATORY ENGAGEMENT
· Maintain a sound relationship with the FIC
Timeously attend to queries as required by the Financial Intelligence Centre (FIC) and Bank of Namibia (BoN) or relevant Law Enforcement Agencies (LEAs)
4. AML/CFT/CPF REPORTING
· Perform validation of CTR/EFT/IFT XML reports before submission to the FIC, ensure timeous submission and monitor the statistics of reports
· Timely submission of STR/SAR/AIF reports
· Timely submission of the Quarterly Directive 01 of 2016 reports to the FIC.
5. IMPLEMENTING OF AML/CFT/CPF AML COMPLIANCE PROGRAM
Improve, maintain and monitor changes to the related Bank Windhoek’s AML/CTF/CPF policies and procedures
6. MONITORING OF CLIENT AND TRANSACTION SCREENING APPLICATIONS
· Monitor the alerts volumes in Siron AML analysis/ Siron Embargo and Siron KYC applications
· Periodically review alerts closed by AML analysts in the Siron AML analysis module
Competencies required
Deciding and Initiating Action
Adhering to principles & values
Applying Expertise and Technology
Analysing
Learning & Researching
Planning and Organising
Presenting and Communicating Information
Minimum requirements
Experience/Knowledge/Skills Required
At least 3 years’ experience in Anti Money Laundering, Compliance, Legal, or audit fields preferably in a banking environment
At least 2 years in a management capacity
Certification in a professional association such as the Association of Certified Anti Money Laundering Specialists (ACAMS) or Compliance Institute in South Africa (CISA) would be a distinct advantage
Qualifications Required
Bachelor’s degree in Commerce/Law/Audit or equivalent
Degree/Diploma in Compliance Management / Risk Management or related field will be a distinct advantage
