ANTI MONEY LAUNDERING ANALYST
Closing Date:
Friday, April 13, 2018
Location of the Job:
Namibia
Purpose of the Job:
To protect LFSN against any money laundering activities by facilitating and implementing the administration of Financial Intelligence and training personnel in the bank to comply to legal requirements.
Key Accountabilities:
1) Develop and maintain processes in support of legislation.
2) Develop, implement and maintain processes for KYC (Know Your Client) practices, suspicious transaction and terrorist property monitoring and reporting.
3) Analyse operations on customer accounts according to requirements of the Act to identify possible money laundering.
4) Gather information on all suspicious transactions and submit them to FIC of Bank of Namibia for their investigation.
5) Maintain records to ensure effective tracking of Money Laundering activities.
6) Supporting of business units and branch management in achieving compliance with all the requirements of the Money Laundering Control Legislation.
7) Assess all incidents for reporting for accuracy of information provided, and quality
assurance prior to reporting to the FIC and / or other investigating authorities.
8) Ensuring liaison with internal auditor, external auditors, Bank of Namibia, the Financial Intelligence Centre and other investigating authorities as appropriate.
9) Prepare reports on the progress and status of money laundering control for LFSN, as well as Risk and Audit Reports.
10) Provide appropriate information to update internal and external websites with the latest legal requirements (as applicable) concerning money laundering control and combating of terror financing.
11) Develop and facilitate group wide training of staff and implement modular training material for new staff to ensure compliance to the Act.
12) Check relevant websites to obtain information on suspects and compare them to the LFSN’s client list to identify possible matches immediately.
13) Provide legal opinions
14) Contract drafting and vetting
15) Compile and keep updating the company’s compliance, risk and management plan in respect of all legislation directly or indirectly affecting the operations of LFSN.
Knowledge and Experience Required of Job Holder:
1) Diploma in Money Laundering Compliance, LLB or equivalent qualification with at least 2 years’ experience in banking including experience in forensic audits.
2) BE Driver’s License (without any endorsements)
3) Computer literate (Windows, Excel, Word, PowerPoint )
4) Effective Communication skills - verbally and written
5) Analytical skills
6) Organizational and Report writing skills
Apply: