Control Monitoring Analyst

Minimum Requirements:

• Matric (Grade 12)
• 1 - 2 years experience in a similar environment
• Further Education and Training Certificate (FETC) [NQF Level 04] in Office Administration
• Money Laundering Control certificate or Compliance certificate will be an advantage

Responsibilities: 

• Align and integrate own administrative support tasks and activities in accordance to required response time, quality and service delivery standards
• Advise on, communicate and provide risk and compliance support to assist and support the meeting of statutory, supervisory and regulatory requirements
• Generate a variety of documents and where necessary produce reports according to set standards and prescribed guidelines
• Accountable for own work quality, standards and outputs related to policies, procedures and defined processes
• Proactively identify problems, apply known solutions and escalate more difficult problems
• Plan for task execution and adjust priorities against an established plan
• Ensure efficient identification and monitoring of suspicious activities and transactions
• Investigate and assess alerts for potential money laundering risks
• Ensure timely, efficient reporting of suspicious transactions to AML/CFT
• Compliance Officer and the Financial Intelligence Centre
• Maintain a current understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends
• Assist in identifying systemic procedural weaknesses and additional training requirements
• As an AML/CFT subject matter expert provide direction and guidance to employees on appropriate remediation action for high risk accounts
• Timely execution of instructions received from AML/CFT Compliance Officer and/or the Financial Intelligence Centre
• Assist with money laundering related queries or questionnaires received
• Investigate, review and resolve AML/CFT related and economic sanction related alerts
• Assist with AML/CFT Compliance Training especially on identification and reporting of suspicious transactions
• Prepare weekly, bi-weekly, monthly and quarterly reports
• Obtain documentary proof of suspicious transactions and ensure effective record keeping of suspicious transaction identified and reported to the FIC in line with the requirements of the Financial Intelligence Centre Act
• Conduct inspections to determine compliance of quality standards and overall quality objectives
• Ensure that information is accurate, timeous, complete and up-to-date and feedback is provided to all stakeholders
• Support the build out of a process flow control technology process for the underlying controls applied to your portfolio
• Pre-emptive monitoring of the transaction lifecycle to identify potential control weaknesses 
• Pro-active monitoring of control breaches to identify systemic control issues or themes