Compliance AML Analyst at Standard Bank Group

Key Responsibilities/Accountabilities

• Review and monitor transactions generated by customers to identify suspicious transactions.
• Profiling of alerts based on reported violation, value of the transaction etc. to isolate high risk alerts;
  Ensuring that branches review and close AML alerts generated by both OMNI and MOD systems;
• Conducting quality assurance/ testing on closed alerts;
• Receiving of suspicious transaction reports and conducting a first level review with subsequent escalation to The Compliance Manager Financial Intelligence Unit (South Sudan) and in its absence to the Bank of South Sudan;
• In liaison with business units, conduct bi-annual review of customer categorization to ensure accuracy in categorization and generation of quality alerts;
• In liaison with business units, conduct review of KYC held for high risk accounts (Category A) on an annual basis;
• In liaison with the Compliance Manager, conduct semi-annual review of thresholds for transaction monitoring.

Conduct Anti-Money Laundering / Counter Financing of Terrorist (AML/CTF) Compliance training.

• Compile the annual training plan and submit to the Compliance Manager by 31st December of each calendar year;
• Conduct at least two training sessions for branches per calendar year focusing on Compliance, AML/ CFT;
• Provide monthly update to the Compliance Manager on training sessions held and copies of attendance sheets;
• Provide annual training review report to the Compliance Manager as per the format provided;
• Serve as a central point for reference for information on AML/ CFT measures and practices; and
  Cascade changes in AML/ CFT requirements to teams and identify compliance challenges and escalate the same to the Compliance Manager.

Screening of customer names (SDN alerts) in OMNI system

• Review and resolution of real time detection alerts generated by Safewatch monitoring system;
• Review of SDN alerts generated by OMNI system;
• Escalate to the Compliance Manager any true matches generated from the screening for reporting to the Financial Intelligence Unit and in its absence to the Bank of South Sudan;
• Recommend to the Compliance Manager for “whitelisting” of known false matches; and
• Monthly review of “whitelisted” accounts to assess if they still qualify for “whitelisting”.

Compliance monitoring and review:

• Ensure branches complete quarterly Compliance Self Assessments;
• Review of the completed Compliance Self Assessments and escalate any noted gaps; and
• Conduct back testing to ascertain that AML/ CFT controls at branches are working as required

Reporting and record keeping entailing:

• Submission of monitoring reports to the Compliance Manager as required;
• Maintenance of records related to AML/ CFT duties specified above including training records, review reports for back testing, supporting documents used to resolve alerts, legal briefs, and review of contracts as may be assigned thereto etc.

Job Description

Compliance and AML/CFT Projects

In consultation with Compliance Manager, and in liaison with Compliance Kenya, effect the execution of projects related to Compliance, AML/CFT; and
Keep track of project timelines and submit status report to management for final advise/execution.

Preferred Qualification And Experience

• Undergraduate degree in business; a degree in Law would be preferred added advantage
• Minimum 2 years of experience in the AML/ CFT field in the banking industry; legal knowledge would be preferred added advantage

Knowledge/Technical Skills/Expertise

• Comprehensive understanding of the regulatory and business environment of the banking industry.
• Understanding of business unit needs and ability to translate them into risk management solutions.
• On-going awareness of regulatory requirements related to banking
• Basic skills in preparing legal briefs on new/upcoming legislations /regulations /guidelines