Role Purpose
Description
The AML Analyst Is Responsible For, Inter Alia
- Ensuring efficient identification and monitoring of suspicious activities.
- Ensure timeous reporting of suspicious transactions to the HOD Risk & Compliance & MLRO
Key Accountabilities And Decision Ownership
- Investigate and assess alerts for potential sanctions alerts and clear daily logs resulted from transaction monitoring alerts.
- Ensure efficient identification and monitoring of suspicious activities and transactions and daily assessment of AML reports for potential suspicious activities.
- Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends.
- Perform monthly AML risk based review and analysis on individual and business accounts and made recommendations for further review.
- Conduct investigations on cases and alerts produced through M-PESA system or through internal referrals (SAR reviews).
Core Competencies, Knowledge And Experience
- Knowledge and understanding of International Anti-money laundering efforts and agencies (e.g FATF).
- Knowledge in report writing.
- High level of computer literacy exceptionally conversant with Word and excel.
- Solid interpersonal, analytical skills and customer oriented approach.
- Strong communication skills, fluency in English and Kiswahili.
- Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods.
- Excellent use of Excel and other analytical tools.
- Ability to quickly grasp and understand business unit specific AML risks, develop comprehensive user requirements, and provide recommendations for appropriate automated solutions to mitigate those risks
Must Have Technical/professional Qualifications
- Bachelor’s degree or equivalent.
- Professional qualification in Anti Money Laundering will be added advantage.
- At least three (3) years’ experience working as Analyst in AML space in financial or non-financial institutions.
Job Responsibility
- Provides a high quality of service and ensures work is completed accurately;
- Proactively takes actions to make improvements based on practical experience;
- Provides informal guidance and support to new team members when required;
- Has a thorough knowledge of relevant procedures and processes in the department;
- Uses communication skills to exchange ideas and information in a concise and logical way with sensitivity to the needs and expectations of the audience;
- Uses judgement based on analysis of information and resolves problems by identifying and selecting solutions through the application of acquired technical experience;
- May act as the systems/tools expert.
Skills
Controlling Risk
Risk Assessment
Risk Management Process
Risk and Compliance
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