Control Monitoring Analyst

About the job Control Monitoring Analyst

MinimumRequirements:

• 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 requiredresponse time, quality and service delivery standards
• Advise on, communicate and provide risk and compliance support to assist and support themeeting of statutory, supervisory and regulatory requirements
• Generate a variety of documents and where necessary produce reports according to setstandards and prescribed guidelines
• Accountable for own work quality, standards and outputs related to policies, procedures anddefined 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 Officerand the Financial Intelligence Centre
• Maintain a current understanding of money laundering and terrorist financing issues, includingpolicies, procedures, regulations, industry best practice, criminal typologies and developingtrends
• Assist in identifying systemic procedural weaknesses and additional training requirements
• As an AML/CFT subject matter expert provide direction and guidance to employees onappropriate remediation action for high risk accounts
• Timely execution of instructions received from AML/CFT Compliance Officer and/or theFinancial 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 ofsuspicious transactions
• Prepare weekly, bi-weekly, monthly and quarterly reports
• Obtain documentary proof of suspicious transactions and ensure effective record keeping ofsuspicious transaction identified and reported to the FIC in line with the requirements of theFinancial Intelligence Centre Act
• Conduct inspections to determine compliance of quality standards and overall qualityobjectives
• Ensure that information is accurate, timeous, complete and up-to-date and feedback isprovided to all stakeholders
• Support the build out of a process flow control technology process for the underlying controlsapplied 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

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