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Junior Lawyer
Plaines Wilhelms

Our client, in the financial industry is looking for a Junior Lawyer reporting to the Money Laundering Reporting Officer
Main responsibilities:
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:
  • Money laundering alerts;
  • Financing of terrorism and sanctions alerts; and
  • Politically Exposed Persons alerts
Analyse all the above type of alerts received via:
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:
  • Relationship Managers; and
  • Any other area of the bank
Daily timeous analysis/investigation alerts received via any method or form, in order to detect possible money laundering; terrorist financing; tax evasion; sanctions breaches and exchange control contraventions. 
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.
  • Make sound decisions in the analysis process without exposing the business unit and the bank to any risk.
  • Assist with requests for information from the Financial Intelligence Unit or any other Regulator in relation to reported matters using the correct procedures and complete within assigned timelines
  • Access and retrieve information from the various source systems needed in the analysis process.
  • Request / obtain any further additional information or documentation from other business units; branches, relationship managers; account executives needed in the analysis process.
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.
Record Keeping
Ensure that all documentation and information relating to the alerts are filed and stored in terms of:
    • Section 7 of the Bank of Mauritius Guidance Notes on AML/CFT;
    • The bank’s policies and procedures; and
    • Retained for the minimum period prescribed in either the local legislation or the Group Minimum Standards, whichever is the longer retention period
    • Ensure the filing of all documentation and information provided to allow for easy retrieval
    • Ensure the all relevant alerts are closed for the purpose of record keeping and MIS with the results of the investigation

Data Integrity
Ensure that all data is accurately captured, which includes but is not limited to:
    • Facts surrounding the investigation;
    • The reasons for the decision reached; and
The comments and details of escalation (if required) on the management information systems (MLSS database and sanctions surveillance system) as required.

Create a concrete understanding and the ability to interpret the output received in the investigation and analysis process of the:
    • Banking products;
    • Product related systems; and
    • Core banking systems.
In liaison with the Money Laundering Reporting Officer, conduct semi-annual review of thresholds in the AML systems for transaction monitoring.

AML, MLS and Sanctions Training and Awareness
  • Actively contribute to the compliance culture by completing all Compliance related training.
  • Keep abreast with current money laundering, terrorist financing and sanctions and PEPs developments, trends and typologies both locally and internationally.
  • Participate on AML awareness campaigns whenever requested and/or according to the Compliance annual plan

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


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