Job Mission / Objective:
Responsible for conducting thorough screenings, reviews, and assessments on the alerts/reports generated to mitigate financial crime risks and ensure compliance with regulatory requirements. AML Screening Specialist will be responsible for screening (Sanctions, PEP, Adverse Media and Enforcement) alerts to determine if an alert is a false positive or true match.
- Perform real-time sanction screening of customer transactions, counterparties, and other relevant data against various sanctions lists and watchlists.
- Conduct enhanced due diligence (EDD) reviews of Politically Exposed Persons (PEPs) and their related entities to assess potential risks and ensure appropriate risk mitigation measures are in place.
- Monitor and review adverse media alerts and news sources to identify and assess reputational risks associated with customers and counterparties.
- Investigate and escalate potential matches or hits identified during sanction screening, PEP reviews, and adverse media monitoring processes.
- Collaborate with cross-functional teams, including Compliance, Legal, and Operations, to address issues related to sanction breaches, PEP relationships, and adverse media findings. Review PEP, Sanction and Adverse Media triggers of possible matches.
- Conduct independent research to gather and record data and perform client due diligence.
- Compiling detailed enhanced client diligence reports for true matches. www.southafrica.accessbankplc.com • Escalation of true match to senior management for approval.
- Ensure efficient identification, monitoring and reporting of accounts considered high risk accounts.
- Assessing AML Reports relating to ongoing monitoring of high risk accounts.
- Support the development of Access Bank (SA) Ltd Compliance Framework.
- Support the maintenance of the applicable Access Bank (SA) Ltd Regulatory Universe.
- Help in identifying potential weaknesses in processes.
- Act as a subject matter expert to employees, providing guidance on what actions to take in dealing with high risk accounts related to PEPs, Sanctions and Adverse Media customers.
- Ensure proper record – keeping of data collected and analyzed.
- Write and prepare suspicious activity reports (SARs) when applicable.
- Create an environment oriented to trust and open communication.
- Maintaining excellent relationships with stakeholders (internal/external) in line with.
- Contribute to the preparation and delivery of regular reports to various stakeholders, EXCO and Audit and Compliance Committee.
- To assist fellow compliance officer’s / team members in achieving project or operation goals and reporting deadlines.
- To Identify and extract any possible synergies that exist between internal audit and to develop/foster a co-operative relationship which would be to the advantage of the business.
- General compliance administrative duties.
Personal Development:
- Be willing to learn and grow by being exposed to various disciplines within the department and not work in isolation.
- Take responsibility of personal development within the compliance sphere.
- Attend compliance related workshops, training interventions and conferences.
- Contribute by assisting in ensuring training hours are completed and training is attended. www.southafrica.accessbankplc.com
- Ensuring attendance of business workshops and training sessions.
Policies and Procedures
- Assisting in the reviewing and implementing of Compliance related policies, procedures
Academic Knowledge:
- Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) or equivalent are preferred.
- B.Com / LLB qualification (Advantage).
- Appropriate professional qualification from a reputable educational institution or professional body or appropriate accredited compliance related course endorsed by the Compliance Institute (Advantage).
- Post graduate diploma in Compliance Management (Advantage).
Work Experience:
- 2 – 4 years’ compliance experience in the Financial Services / Banking industry. • 2 -3 years and more experience in AML / CFT and Sanctions.
- 2 -3 years and more experience in AML / CFT and Sanctions.
Skills / Specialized Know How:
- Proficiency in conducting risk assessments and analysing customer data.
- Ability to interpret legislation.
- Understanding of and ability to implement monitoring methodologies.
- Strong understanding of AML/CFT regulations and compliance requirements in South Africa.
- Computer literacy essential – Word; Excel and Power Point.
- Good analytical ability.
- Excellent communication and interpersonal skills.
- Good organizational ability and time management.
- Excellent Report writing skills.
- Organisational & planning skills.
- Ability to cope under pressure.
- Assertive / confident / patient and able to adapt with various team dynamics.
- Deadline Driven.
- Self-motivated and have the ability to work independently and in a team.
- Be attentive to detail.
- Diligent.
- Pro-active.
- Keen sense of responsibility and accountability.
- Must be willing to travel nationally when required.
All appointments will be made in line with Access Bank’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals living with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.
Employees who apply and do not hear from HR within 30 days of the closing date may assume that their application was not successful, and we thank you for applying
- Medical Aid
- Provident Fund
- Group Life Cover
- Income Disability Cover
- Funeral Cover
- Training & Development
