Position: AML Analyst
Education: Bachelor degree
Mode of application: Application System
Deadline: unspecified
The AML Analyst is responsible to ensure efficient identification and monitoring of suspicious activities and transaction and ensure timeous reporting of suspicious transactions to the Head of risk and Compliance who is the designated Money Laundering Reporting Officer.
CORE RESPONSIBILITIES
- Investigate and assess all AML/CFT alerts from existing systems for potential positive alerts
- Investigate, assess and clear daily logs resulted from transaction monitoring alerts.
- Ensure efficient identification and monitoring of suspicious activities and transactions and
daily assessment of AML reports for potential suspicious activities
- Ensure timely, efficient reporting of suspicious transactions to Head of risk and Compliance who is the designated
- Money Laundering Reporting Officer (MLRO)
- Ensure customer and agent terrorist and sanctions screening takes place against all required sanctions lists including Political Exposed Persons (PEP) to be updated from time to time.
- Maintain a current understanding of money laundering and terrorist financing issues, including
policies, procedures, regulations, industry best practice, criminal typologies and developing trends
- Perform monthly AML risk based review and analysis on individual and business accounts and made
recommendations for further review
- Conduct investigations on cases and alerts produced through TigoPesa system or other systems (RA
alerts)
- Ensure the AML monitoring systems are properly up and running and report any system malfunction noted
- Strong knowledge of Know Your Customer and Customer Identification requirements
- Bachelor’s degree in Finance, Business Administration, Computer Science or related fields
- At least three (3) years’ experience working as Analyst in AML related field in financial institutions, telecom or auditing firm
- Professional qualification/Certification in a professional association such as the Association of Certified Anti Money Laundering Specialists (ACAMS) will be an added advantage.
- High level of computer literacy exceptionally conversant with Word, excel
- Strong analytical skills required to organize and analyze multiple, complex data sets as well as strong interpersonal and organizational skills
- Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods.
- Knowledge and understanding of AML/CFT regulations including International Anti-money
laundering efforts and agencies (e.g FATF).