OM Bank AML Analyst

Johannesburg - South Africa

Monthly Salary: Not Disclosed

Posted on: 09-10-2025

Vacancies: 1 Vacancy

Job Summary

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 entry-level role responsible for supporting the banks compliance with Anti-Money 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 in-depth 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.

Collaboration and Training:

Work closely with Risk Management Compliance Service Operations and fellow FRAML trailblazers to enhance monitoring systems and protocols.
Provide training to staff on AML and fraud detection techniques.
Act as a subject matter expert for AML initiatives provide insights to enhance fraud detection strategies and tools

ROLE REQUIREMENTS

Qualifications and Skills:

Education: Bachelors degree in Finance Accounting Law or a related field.

Experience:

3 years 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 Anti-Money Laundering Specialist)

Skills

Action Planning Data Controls Financial Auditing Information Compilation Information Management Numerics Oral Communications Planning and organisational skills Policies & Procedures Risk Based Approach Risk Management

Competencies

Education

Closing Date

13 October 2025 23:59

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 in question.

The Old Mutual Story!

Required Experience:

Lets Write Africas Story Together!Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job DescriptionThe AML Analyst at OM Bank is an entry-level role responsible for supporting the banks compliance with Anti-Money Laundering (AML) regulations. The role inv...