AML Analyst- X3 (GL5)
Position Summary
Introduction
An Anti-Money Laundering (AML) Analyst plays a critical role in detecting and preventing financial crimes such as money laundering and terrorist financing.
Job description
Key Responsibilities
Monitoring Transactions
- Analyze financial transactions to identify suspicious activities and patterns that may indicate money laundering or fraud
- Utilize specialized software to monitor and flag unusual transactions
- Analyze financial transactions to identify suspicious activities and patterns that may indicate money laundering or fraud
Conducting Investigations
- Investigate flagged transactions by reviewing documentation, interviewing relevant parties, and consulting with law enforcement agencies
- Prepare detailed reports on findings and recommendations for further action
- Investigate flagged transactions by reviewing documentation, interviewing relevant parties, and consulting with law enforcement agencies
Regulatory Compliance
- Ensure compliance with AML regulations set by government agencies/regulators alike
- Assist with regulatory audits and reviews to ensure the bank's adherence to AML policies
- Ensure compliance with AML regulations set by government agencies/regulators alike
Customer Due Diligence
- Conduct due diligence on new and existing customers to verify their identity and assess potential risks
- Review and validate customer documents for compliance with AML regulations
- Conduct due diligence on new and existing customers to verify their identity and assess potential risks
Collaboration and Training
- Work closely with other departments such as compliance, legal, and risk management to coordinate AML efforts
- Provide training to employees on AML procedures and best practices
- Work closely with other departments such as compliance, legal, and risk management to coordinate AML efforts
Essential Skills
- Analytical Skills: Ability to analyze complex financial data and identify suspicious activities.
- Attention to Detail: Meticulous approach to reviewing transactions and documentation.
- Communication Skills: Strong verbal and written communication skills for reporting findings and collaborating with other teams.
- Regulatory Knowledge: Familiarity with AML laws, regulations, and industry standards.
- Problem-Solving Skills: Ability to resolve issues efficiently and effectively.
Minimum requirements
- Education: A Bachelor’s degree in finance, accounting, business, or a related field is typically required.
- Education: COP added advantage
- Experience: Previous experience in AML, compliance, or a related field is often preferred.
- Certifications: Professional certifications such as Certified Anti-Money Laundering Specialist (CAMS) can be advantageous.
- Experience: atleast 2 years banking/ KYC experience
Disclaimer
By submitting your application for this vacancy, you acknowledge and consent to Bank Gaborone processing your personal data in accordance with Botswana's Data Protection Act. This data will be used for the sole purpose of evaluating your application and for other purposes related to the recruitment process. Your data will be handled securely and will only be retained for as long as necessary. You have the right to access, correct, or request the deletion of your data. For more information on your data protection rights and how we handle your data, please contact (3671500).