The Investigations Analyst is crucial to the mandate of the bank to protect itself and the wider financial system against the ever-present threat of money laundering, terrorist financing and proliferation financing. The incumbent must ensure that suspicious activity, especially complex activity, at the bank is investigated and reported in a timely manner. The incumbent’s interaction with external customers will be non-existent, to protect the independence and safety of the Compliance function. The Investigations Analyst will, however, have extensive interactions with the wider AML/CFT Compliance function, with frontline staff and have access to branch managers and other senior bank officers, as appropriate. Successfully fulfilling your purpose as an Investigations Analyst has a direct effect on the bank’s AML/CFT Compliance program, which ensures that the bank’s reputation with the public and external stakeholders, such as correspondent banks, is safeguarded and the bank does not receive AMLCFT-related regulatory sanctions, including fines/penalties.
Investigations Analyst
SUMMARY OF POSITION
The Investigations Analyst is crucial to the mandate of the bank to protect itself and the wider financial system against the ever-present threat of money laundering, terrorist financing and proliferation financing. The incumbent must ensure that suspicious activity, especially complex activity, at the bank is investigated and reported in a timely manner. The incumbent’s interaction with external customers will be non-existent, to protect the independence and safety of the Compliance function. The Investigations Analyst will, however, have extensive interactions with the wider AML/CFT Compliance function, with frontline staff and have access to branch managers and other senior bank officers, as appropriate. Successfully fulfilling your purpose as an Investigations Analyst has a direct effect on the bank’s AML/CFT Compliance program, which ensures that the bank’s reputation with the public and external stakeholders, such as correspondent banks, is safeguarded and the bank does not receive AMLCFT-related regulatory sanctions, including fines/penalties.
KEY JOB RESPONSIBILITIES
- Distribute, examine and allocate AML alerts, especially technically complex alerts, generated by the Bank’s automated transaction monitoring system in keeping with BCP procedures of the department.
- Conduct customer investigations, especially technically complex cases, emanating from triggers such as transaction monitoring alerts, reports from employees, negative news or law enforcement requests, by collecting, evaluating, and analyzing information and evidence to determine if transactions occurring are reportable.
- Research and suggest recommendations regarding customer investigations and effectively present that information to required personnel. This includes performing additional research, as necessary, takinginto account various AML risk factors and indicators to determine if an account should be closed or whether a Suspicious Transaction Report (STR) requires completion and/or recommends ‘no action’, where applicable.
- Prepare STRs for consideration by the Chief Compliance Officer.
- Answer customer information requests from the FIU in the prescribed time.
- Prepare and disseminate Threshold Reports to the FIU and BOG.
- Assist in the development of policies related to financial crimes investigations and other related policies.
- Monitor regulatory and industry developments within the broader investigations space, including monitoring for updates to typologies, guidelines, regulations, laws etc.
- Assists with the training of junior Investigators and/or wider department training, as required.
- Assist with other related duties, as assigned, including filing, stationery requisitions or other office-related duties etc.
- Assist with gathering information/documentation during audit and other similar exercises.
KNOWLEDGE AND SKILLS REQUIREMENTS
- Diploma/Bachelor’s degree/equivalent in Business, Finance, Accounting, Economics, Law or related field.
- Experience working in a bank or financial institution.
Desirable Qualification
- AML/CFT Compliance specific qualifications/training/certifications (e.g. ACAMS Certificates, CAMS/CGSS
REMUNERATION
Knowledge/Skills and Abilities
- Knowledge of local AML/CFT regulatory expectations, industry standards and regulations
- Superb attention to detail & organizational skills
- Analytical and writing skills, including the ability to gather, organize and interpret data/information, formulate preliminary conclusions and write investigation reports
- Highly efficient and motivated multitasker with the ability to exercise good judgment in assessing risk
- Ability to use Microsoft suite of products, especially MS Excel
Only suitable applicants will be acknowledged