Summary
Date Posted: Wednesday, February 17, 2021 , Base Salary: Not Disclosed

JOB DETAILS:
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. .

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.

Job Skills: Not Specified

Job Qualifications: Not Specified

Job Education Requirements: Not Specified

Job Education Experience: Not Specified

Work Hours: 8

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Job application procedure
To apply please click here https://www.nmbbank.co.tz/careers/opening/260 

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