|Our client, in the financial industry is looking for a Junior Lawyer reporting to the Money Laundering Reporting Officer
Investigate and manage the work flow for all assigned alerts, that includes Money laundering, Financing of terrorist and sanctions and Politically Exposed Persons (PEPs) related, within the established time frame as per prescribed regulatory requirements (where applicable).
Act as Deputy Money Laundering Reporting Officer in the absence of the Money Laundering Reporting Officer
Daily Analysis and Investigations
Implement appropriate processes and procedures to effectively investigate and manage:
The money laundering surveillance system (MLSS)
The sanctions screening system (Safewatch and Batch Screening Solution); and
Manually reported suspicious and or sanctions related transactions (from branches; business units; subpoenas and external stakeholders or any other means).
Apply the required knowledge of processes, systems, products, procedures, distribution channels and customer segmentation to analyse these alerts.
Request / obtain any additional information and documentation needed to make accurate and appropriate decisions from:
Ensure the escalation of the investigation results to the Money Laundering Reporting Officer or report any such results from the investigation in accordance with the Regulatory requirement Section 14 of the Financial Intelligence and Anti-Money Laundering Act 2002 (as amended from time to time) when applicable
Where applicable, perform an adverse information search for all true PEP matches.
In liaison with Money Laundering Reporting Officer and Relationship Manager review the risk profile of all of true PEP matches.
Conduct a first level review of alerts to determine within the regulatory timeframes and requirements whether a suspicious transaction report (STR) or any other regulatory reports needs to be submitted to the relevant authorities, regulators or supervisory bodies
Draft and submit detailed STRs to the Money Laundering Reporting Officer for reporting to the relevant authorities, regulators or supervisory bodies as per Section 14 of the Financial Intelligence and Anti-Money Laundering Act 2002 (as amended from time to time) Escalate all STRs to the Money Laundering Reporting Officer or Head of Compliance that could constitute a potential reputational risk to the bank or that could in a large loss that the bank could incur.
Escalate all sanctions true matches to the Money Laundering Reporting Officer and the Group Sanctions Desk for investigation and feedback
Highlight any trends identified, product issues, or other money laundering risks to the Money Laundering Reporting Officer /Compliance Officer in order to identify and assess these risks.
Ensure that all documentation and information relating to the alerts are filed and stored in terms of:
Ensure that all data is accurately captured, which includes but is not limited to:
Create a concrete understanding and the ability to interpret the output received in the investigation and analysis process of the:
AML, MLS and Sanctions Training and Awareness
Alignment to Group
Through the Country Money Laundering Reporting Officer and Regional MLCO work with Group Money Laundering Surveillance Unit to identify any gaps or areas of weakness that could be exploited for Money Laundering or Terrorist Financing purposes.
Tertiary education with an appropriate degree in Banking, Finance or Risk Management , Law, B Com Law and Diploma in Forensic Investigations
Any Money Laundering Investigation related training
Association of Certified Anti Money Laundering Specialists (ACAMS) preferable
Good working knowledge of forensics, fraud, Compliance or money laundering legislation would be an advantage
Reasonable understanding of international sanctions standards and lists and Investigative techniques and basic intelligence gathering and analysis
Minimum of 3 years Compliance work experience within the banking or financial industry.
Open to Mauritian citizens only
Adecco reserves the right:
To call only the shortlisted candidates for interview
Not to make any appointment following this advertisement nor to assign any reason whatsoever for accepting or rejecting any candidates