VACANCY

ANTI-MONEY LAUNDERING OFFICER – HEAD OFFICE - DURBAN

Applications for interested and suitably qualified candidates are invited in respect of the above vacancy.

CORE PURPOSE OF THE JOB

To manage the money laundering and terror financing risk of the Bank in line with the Financial Intelligence
Centre (FIC) Act and related legislation by monitoring and analysing suspicious and unusual activity, assisting with
the development of internal controls and training regarding FICA.

MAIN FUNCTIONS OF THE JOB

Anti-Money Laundering (AML) and Counter Terrorist Financing (CTF)

• Analyses, investigates, and reports forex STRs and manual STRs

• Reviews and submits STR (Suspicious Transaction Report) captured by AML Admin Assistant to the FIC
and saves all evidence & reports of submission from GoAML

• Submits CTRs (Cash Threshold Reports) daily to the FIC via the AFS system including manual
submissions on GoAML. Reviews submission status to ensure reports are successful.

• Reviews the analysis and investigations of alerts generated by the automated transaction monitoring
system (SAS AML) by conducting manager reviews, including reporting of statistics to senior
management

• Analyses Enhanced Due Diligence applications for International Banking, Non-Profit Organisations and
foreign shareholding with suitable recommendations, and attends EDD Committee meetings

• Conducts investigations & compiles Financial Crime Reports for suspected financial crime incidents for
Fraud Risk.

• Collates information and responds to other requests for information from the FIC eg Section 32, 35
etc.

• Research local and international money laundering trends.

• Assists in informing senior management and directors of current events relating to anti-money
laundering, counter terrorist financing and new legislation, when required.
• Responds to AML related queries.
• Assists with AML/CTF and other regulatory projects that form part of the department objectives and
AML responsibilities of the Bank.
AML/CTF Training

• Prepares and updates training material on FICA and AML, on a regular basis and when new developments
occur.

• Conducts presentations or training sessions to staff on FICA and AML, when new developments occur.

Policy, Documentation and Interaction with Regulators

• Assists with the preparation of AML related Policies.

• Documents AML related procedures.

• Prepares memos or circulars relating to internal policies and procedures on AML/CTF.

• Assists with enquiries from regulators and provides information when required

Supervisory
• Assists the AML Supervisor by overseeing the daily functions of the AML team.

QUALIFICATIONS

• A Degree or Relevant Qualifications will be required in order to meet the requirements of the role at the
highest level of competence.

• Anti-Money Laundering, Compliance or Anti-Fraud professional membership or qualification advantageous.

PREFERRED EXPERIENCE

• At least 3 years’ experience in an anti-money laundering, fraud management or compliance environment.

• A minimum 3 years Banking experience would be an advantage.

KNOWLEDGE

• Microsoft Office
• Lexis Nexis
• goAML site
• SAS AML
• Docuware
• Power BI
• SAFPS
 • WinSCP
• Enterprise
• Imal
• FICA Policies and Procedures
• In-depth knowledge of Financial Intelligence Centre Act (FICA) and related anti-money laundering
legislation.

Al Baraka Bank is an Equal Opportunity Employer. Applicants from the previously disadvantaged groups and
people with disabilities will be given preference.

Kindly forward your CV to stephanie@albaraka.co.za