AML Surveillance Analyst (m/f)

Bank Windhoek

Bank Windhoek is recruiting an AML Surveillance Analyst (m/f), to be based in Windhoek, Namibia.
  • The AML Surveillance Analyst is responsible for the efficient identification and monitoring of suspicious activities and transactions in the Bank; timeous reporting of suspicious transactions and activities to the Financial Intelligence Centre; and further assist with money laundering related queries received from Corresponding Banks
  • Investigation for potential money laundering/terrorist and proliferation financing risks in the Bank
  • Ensure efficient identification and monitoring of suspicious activities and transactions
  • Maintain current understanding of money laundering/terrorist and proliferation financing issues, including policies, procedures, regulations, industry best practice, financial crime typologies and developing trends
  • Monitoring of the client screening application (investigation and analysis)
  • Monitor and review alerts generated by the client screening system (PEP, Sanctions and Adverse media) and conduct appropriate reviews to facilitate closure of alerts or further investigation/reporting
  • Monitoring of transactions screening applications (Local and Cross Border)
  • Obtain documentary evidence of suspicious transactions and activities and ensure effective record keeping of suspicious transaction/activities identified and reported to the Financial Intelligence Centre in line with the regulatory requirements
  • Prepare suspicious activity reports (SARs) and suspicious transaction reports (STRs) /Additional Information Files (AIFs), when required
  • Review of SDA transactions/Trade Services Documents/Business Queries
  • Timeous review of SDA transaction above a determined threshold to determine if such a transaction is in line with the financial profile of the client and if adequate documents have been obtained to mitigate the ML/TF and PF risks
  • Monitoring of high-risk business relationships
  • Monitor the high-risk business relationships and ensure that enhanced due diligence is performed at on-boarding and during the business relationship
  • KYC – Correspondent Banking Relationships
  • Timely completion of correspondent banking questionnaires and queries; and escalation to management of all correspondent banking issues
  • Regulatory Engagement
  • Maintain a sound relationship with the FIC and attend to queries as required by the Financial Intelligence Centre and Bank of Namibia or relevant Law Enforcement Agencies (includes execution of intervention orders)
  • AML/CFT/CPF Training
  • Conduct AML/CFT/CPF related training
  • AML/CFT/CPF Process Manuals
  • Update the Bank’s AML/CFT/CPF Process manuals
  • Experience/Knowledge & Skills:
  • Minimum of two years’ experience in financial services data analysis. AML Compliance specific experience preferred
  • Strong analytical skills required to organize and analyze multiple, complex data sets as well as strong interpersonal and organizational skills
  • Computer literacy essential
  • Strong database skills, including working with advanced data sets, pivot tables, advanced database and statistical functions and methods
  • Strong technical skills
  • General understanding of marketplace AML issues and AML suspicious activity transaction monitoring systems, data mining/analytical tools, and KYC automated solutions is helpful
  • Strong ability to quickly grasp and understand business unit specific AML risks, develop comprehensive user requirements, and provide recommendations for appropriate automated solutions to mitigate those risks
  • Qualifications:
  • Bachelor’s degree or higher education level
  • Diploma in Anti Money Laundering or related field will be distinct advantage
  • Certification in a professional association such as the Association of Certified Anti- Money Laundering
  • Specialists (ACAMS) would be a distinct advantage
  • Core Competencies:
  • Deciding and Initiating Action
  • Adhering to principles & values
  • Applying Expertise and Technology
  • Analyzing
  • Learning & Researching
  • Planning and Organizing
  • Achieving Personal Work Goals and Objectives
  • Entrepreneurial and Commercial Thinking
  • Only shortlisted applicants will be contacted
This vacancy is no longer accepting applications


  • Entity Bank Windhoek
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  • Published 10.11.2022
  • Expires 25.11.2022
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