Stanbic IBTC Bank is a leading African banking group focused on emerging markets globally. It has been a mainstay of South Africa’s financial system for 150 years, and now spans 16 countries across the African continent.

Standard Bank is a firm believer in technical innovation, to help us guarantee exceptional client service and leading edge financial solutions. Our growing global success reflects our commitment to the latest solutions, the best people, and a uniquely flexible and vibrant working culture. To help us drive our success into the future, we are looking for resourceful individuals to join our dedicated team at our offices.

We are recruiting to fill the position below:

Job Title: Analyst, Compliance, Anti Money Laundering

Job Ref ID: 80452495A-0001
Location: Walter Carrington Crescent, Lagos
Job Type: Full-time

Job Description
To protect the reputation of the Bank and ensure that the Bank’s products and services, as well as the financial systems are not abused by money launderers, terrorist individuals and entities and/or sanctioned individuals/entities, by investigating transactions alerted by the system, conducting special reviews, rendering AML regulatory returns to the designated Regulators for the Bank, and driving the AML/CFT/CPF Compliance programme of the Bank in line with regulatory requirements.

• Investigation and management of workflow for all assigned alerts, that includes Money laundering, Financing of terrorist, sanctions and PEPs related within the established time frame as per prescribed regulatory requirements.
• Implement appropriate processes and procedures to effectively investigate and manage Money Laundering, Financing of terrorist, sanctions, Money/Value Transfer Services transactions such as MoneyGram and Western Union.
• Escalate pending request for information sent to business teams to Line Manager that could constitute a potential reputational risk to the Bank or allow a large loss to be incurred by the Bank.
• Complete assigned returns, daily, monthly, quarterly or biannually and submit for reviews by the line Manager within timelines or engage for proactively for extensions.
• Apply required knowledge of processes and systems and regulations in completing assigned FCC tasks from GFCC in South Africa within timelines.
• Complete and respond to the Regulators on every request received including requests from Nigerian Financial Intelligence Unit (NFIU) on the GoAML message portal.

Qualifications

• BSc in Social Science, Finance, Accounting, or related field.
• Professional certification in a relevant field can be an added advantage

Experience:

• 1-2 years of experience in a similar role

Additional Information:
Behavioural Competencies:

• Checking Things
• Documenting Facts
• Embracing Change
• Examining Information
• Following Procedures
• Interpreting Data

Technical Competencies:

• Client Knowledge
• Client Servicing
• Risk Awareness
• Risk Identification.

Application Closing Date
Not Specified.