Junior AML Investigation Officer at Mama Money

Junior AML Investigation Officer

We are looking for a Junior Anti-Money Laundering Investigation Officer who has the ability to manage time efficiently and effectively, and has excellent organizational and communication skills, to become an integral member of our Compliance team.

Duties

The primary function of this role is to assist in addressing third-party due diligence in a manner that will enable the business to meet the requirements of AML/CFT standards, and other regulatory requirements that expressly or implicitly require such due diligence prior to transacting and during the course of the business relationship. This will also entail:

• Reviewing AML alerts generated by AML red flags
• Investigating suspicious transactions and reporting to AMLRO within internal SLA
• Assisting the FIC with relevant section requests
• Reviewing records of high-risk customers and conducting Enhanced Due Diligence on high-risk clients
• Conducting additional due diligence by contacting clients
• Arranging and implementing inspections and audits from third-party organisations and making compliance recommendations to the Anti-Money Laundering Officer (AMLO) based on findings
• Briefing and reporting to AMLRO on matters relating to internal AML compliance policies and procedures
• Escalating any alerts where either a final determination cannot yet be made or where any other escalation criteria are met
• Staying abreast of regulatory changes and AML-related news, with an emphasis sanctions-related developments
• Any ad hoc tasks within the AML/Customer Screening environment

Requirements

Non-negotiable (your application will not be accepted if you do not meet these criteria):

• Grade 12
• A minimum of 1-year experience in AML investigations
• A good understanding of FICA, POCDATARA, and POCA
• Available for shift work if required
• Clear criminal record
• Valid work permit or South African ID
• Good understanding of the goAML system

Ideal:

• Relevant Degree/Diploma/Certificate in Compliance/Risk Management
• Knowledge of Cross Border Remittance
• Proficiency in the English language
• Good report writing abilities
• Working knowledge of Microsoft Office products and or Google Suite
• Basic understanding of website/ in-app analytics