New Job Opportunity at NMB Bank Plc – Risk Data Analyst
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| NMB Bank Plc |
Risk Data Analyst
Reporting Line: Manager, Transaction Monitoring
Location: Head Office
Job Purpose
The
Analyst is responsible for executing investigations to identify
relationships that pose money laundering, terrorist financing, fraud,
and sanctions risks.
The Analyst compiles evidence and documentation
in compliance with Anti Money Laundering (AML) procedures and
regulatory requirements prior to escalations of potential Suspicious
Transaction Reports (STRs) to Money Laundering Reporting Officer (MLRO).
Ensure efficient identification and monitoring of suspicious activities and transactions.
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Main Responsibilities
AML, Fraud and Sanction system support – 60%
- Support
the implementation of an effective AML Transaction Monitoring alert
analysis and suspicious activity investigations program to ensure
compliance to relevant AML/Sanctions laws and regulations. - Implement
Transaction Monitoring (TM) techniques to support identification of
risks around Money laundering, Terrorism Financing, Economic Sanctions,
Fraud, and Operational risks consistent with the bank’s Financial Crime
Compliance Risk Governance Framework. - Monitor potentially
suspicious patterns of activities and recommend changes to rules,
parameters, and thresholds maintained within the transaction monitoring
systems to ensure its continued effectiveness. - Ensure strong
operational understanding of TM screening systems and ability to propose
changes to support functional requirements gathering in cases of a need
for systems upgrade. - Implement strategies to address increases
in alert volume by enhancing effectiveness and efficiency of alert
reviews while maintaining ability to address risk. - Ability to
create, test and modify new and existing detection scenarios based on
various trend reports and requests from the TM team, Head of Compliance
and Chief Risk & Compliance (CRCO). - Perform system health
checks on regular intervals and report immediately to the Line Manager
any system downtime and irregularities.
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AML, Fraud and Sanctions Alerts disposition – 30%
- Maintain
a well-informed and all-inclusive knowledge of current money laundering
and terrorist financing behaviors, issues, criminal typologies,
industry best practices, regulations, and developing trends. - Research,
analyze, and investigate Transaction Monitoring alerts behavior for
potential money laundering or terrorist financing, fraud, and sanctions
related risks in accordance with Bank policies and procedures. - Determine
if alerts can be closed or warrant further investigation and elevation
to an active investigation in the case management system. - As
necessary, use available research tools (public internet sources as well
as third party sites) to identify information concerning transactions
identified for further investigation. - Request additional
information by contacting various business personnel throughout NMB Bank
to determine if facts and circumstances surrounding unusual
transactions warrants closure of the investigation or if further
reporting is warranted. - Ensure that detected information
regarding AML & Sanctions violations are effectively communicated to
the MLRO in a timely manner per agreed SLAs. - Provide regular
reports and communication on the status and health of the Transaction
Monitoring alert analysis and suspicious activity investigations program
to the Manager, TM and Head of Compliance. - Ensure the
production of timely and effective AML Transaction Monitoring-related
management information (“MI”) and other applicable information to the
line manager.
Business support and other assigned duties – 10%
- Perform any other duties as assigned by Line Manager or Head of Compliance
- Support Business in bringing in deposit or any other campaign which requires all NMB staff to participate.
Knowledge and Skills
- Knowledge of Transaction Monitoring systems, analytical and investigative processes and reporting requirements.
- Ability to identify, escalate and communicate issues to management in an effective and succinct manner.
- Strong knowledge of AML laws & Sanctions regulations and their application.
- Advance knowledge of Excel, Access, Word, PowerPoint, and Projects.
- Experience with different well recognized AML Systems strongly preferred.
- Knowledge of system security and data backup/recovery.
- Familiarity with various operating systems and platforms
- Excellent written, verbal communication, and analytical skills.
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Qualifications and Experience
- Bachelor’s
degree or its equivalent in Business, Economics, Finance, Risk
Management, Law, Information Technology or related field. - Holder
of Certified Anti-Money Laundering Specialist (CAMS) certification, or
intention to pursue within 12 months of employment. - Knowledge of databases, networks (LAN, WAN) and patch management.
- Minimum 2 – 4 years in financial services operations and 3 years’ experience with Transaction Monitoring systems.
- Experience as an AML investigator in a transaction monitoring capacity or equivalent experience or education.
- Experience with different well recognized AML Systems strongly preferred
NMB Bank Plc is committed to creating a diverse environment and is proud to be an equal opportunity employer.
Please
be advised that if you are not contacted within 14 working days of the
advert closing date then you have not been shortlisted.
“NMB Bank
Plc does not charge any fee in connection with the application or
recruitment process. Should you receive a solicitation for the payment
of a fee, please disregard it”.
Application deadline: 02nd March 2021
The post New Job Opportunity at NMB Bank Plc – Risk Data Analyst appeared first on Ajira - Nafasi za kazi Tanzania 2019.
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