Analyst AML Sanctions Surveillance
Analyst AML Sanctions Surveillance
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
(Land Bank) is South Africas only specialist agricultural bank established in 1912 the banks sole objective is to serve South African commercial and emerging farmers and bring specially designed financial services within their reach. These services enable farmers to finance land equipment improve assets and obtain production credit. The Land Bank provides financial services that have moved with the times and continues to provide services to agribusiness and constantly reviews its offerings to ensure that they match the needs of an industry. As change has swept across the sector in South Africa the socioeconomic makeup of agriculture has altered bringing new entrants from historically disadvantaged backgrounds on to the land these new farmers facing the challenges of establishing sustainable agribusinesses across the agricultural value chain Land Bank has been a commercial lifeline offering appropriately designed financial products that facilitate personal and commercial viability in a sector that is vital to the sustainability of South Africa and its people.
MAIN PURPOSE OF THE JOB
The Analyst: AntiMoney Laundering Sanctions and Surveillance role support the Manager: AntiMoney Laundering (also known as AntiMoney Laundering Officer AMLO to increase efficiencies in the AML area. This will entail the following:
- Assist in the undertaking of gap assessments as it relates to the FICA requirements for client onboarding.
- Assist in enhancing the control environment by identifying gaps as it relates to money laundering and financial crime.
- Assist in the designing of AML processes and implementation to deter and detect money laundering and financing.
- Assist in implementing the elements of an AML/Sanctions programme including a financial crime programme.
- Assist in the training of employees on the AML program. This includes CTR STR TPR and reporting anonymously without tipping off the individuals concerned amongst other requirements.
- Maintaining and monitoring training statistics as it relates to AML.
- Assisting with designing of a risk based programme which will include the following:
- Designing system controls;
- Analysing screening data and identifying potential red flags;
- Analyzing AML transactional data;
- Keeping and maintaining version controls of all clients screened;
- Ensuring that the risk rating outcomes are monitored.
- Ensuring all processes and controls are mapped and documented to detect potential money laundering.
- Support the credit and other transactional process in ensuring sanctions screening are undertaken upfront.
- Assist the Manager AML with reports submitted to various committees.
- Support Manager AML with relationships with our stakeholder and assist in the preparation for various inspection including preparation of material and gathering of information for the inspection.
- Participation in industry forums.
- Monitor industry trends
- Assist in the development of and implement of technological efficiencies in the AML program.
- Timeous reporting to all stakeholders
Required Experience:
IC
Employment Type
Full-Time
