AML Alerts Analyst
AML Alerts Analyst
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Salary Not Disclosed
1 Vacancy
Job Description
Lets Write Africas Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The AML Analyst at OM Bank is an entrylevel role responsible for supporting the banks compliance with AntiMoney Laundering (AML) regulations. The role involves monitoring transactions conducting investigations on account opening alerts and transactions and ensuring adherence to AML policies and procedures.KEY RESULT AREAS
Monitoring and Analysis on account opening and transactions:
- Performing customer reviews on account opening alerts as well as selected CDD/EDD procedures on a periodic basis; Review and analyse transactional data to detect suspicious activity patterns.
- Investigate potential fraud or money laundering cases flagged by monitoring systems.
- Identify anomalies or trends that may indicate fraudulent activities.
- Investigation and Reporting:
- Conduct indepth investigations of suspicious activities.
- Prepare detailed reports including but not limited to Suspicious Activity Reports (SARs) for regulatory submission.
- Document findings and recommendations for remediation actions.
Compliance and Regulatory Adherence:
- Ensure adherence to AML laws regulations and internal policies.
- Stay updated on relevant laws regulations and industry best practices related to AML and fraud.
- Assist with audits and regulatory examinations.
Risk Mitigation:
- Collaborate with internal teams to design and implement strategies to minimize fraud and money laundering risks.
- Recommend process improvements and controls to enhance the organizations fraud prevention measures
ROLE REQUIREMENTS
Qualifications and Skills:
- Education: Bachelors degree in Finance Accounting Law or a related field.
Experience:
- Proven experience in AML fraud detection or a related compliance role.
- Familiarity with financial systems and transactional analysis.
Skills:
- Strong analytical and investigative skills.
- Proficiency in tools such as Excel and AML software.
- Excellent written and verbal communication.
- Ability to handle sensitive information with discretion.
- Certifications: Preferred certifications include CAMS (Certified AntiMoney Laundering Specialist)
The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit.
Skills
Adaptive Thinking Data Analysis Data Controls Financial Auditing Information Management Management Accounting Planning and organisational skills Risk Management Threat AssessmentCompetencies
Business InsightCollaboratesCommunicates EffectivelyCultivates InnovationDecision QualityFinancial AcumenInstills TrustManages ComplexityEducation
Closing Date
02 May 2025 23:59The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
The Old Mutual Story!
Required Experience:
IC
Employment Type
Full-Time
