Regulatory Risk Analyst Customer Acceptance

Duties

• To ensure total FNB Namibia Group compliance with the Financial Intelligence Act , POCA, PACOTAPA and all related legislation including but not limited to managing the FNB Namibia Group Customer Acceptance Risk
• Responsibilities:
• Contribute to the profitability and sustainability of the business through innovation and cost saving in the Regulatory Risk Department
• Effective client and stakeholder relationships are maintained
• Knowledge, expertise and support is provided and shared with stakeholder to ensure total Group compliance with the Financial Intelligence Act and related legislation
• Financial and reputational risks are minimized through effective Regulatory Risk Services
• Managing the Bank's Customer Acceptance Risk through customer screening processes to ensure business and regulatory requirements are met for FNB
• Ensure the Group complies with relevant anti-money laundering legislation and Foreign Account Tax Compliance acts
• Customer screening reporting and record keeping is accurate and up to date
• Departmental goals are achieved through effective teamwork by implementing and maintaining. set quality controls and checks set for the Regulatory Risk Analyst Team
• Manage personal development to increase own skills and competencies
• Assist in managing the implementation of the customer acceptance program
• Upload identified higher risk customers on the risk acceptance system
• Manage requirements of the OWs system to identify higher risk customer in terms of approved policies and procedures
• Attend remediation of FATCA impacted customers
• Quality assessment of acceptance of higher risk customers including but not limited to PEPs, POI and Higher risk customers
• Act as liaison between branches KYC office and the Money laundering compliance office
• Ensure records of customer screening, reporting and record keeping are accurate and up to date
• Assess customer acceptance forms to identify and report suspicious behaviour/customer to the money laundering compliance analysts STR
• Ensure department goals are achieved through effective teamwork by implementing and maintaining set quality controls and checks set for the AML compliance analyst team

Requisites

• Grade 12 with Certificate in Money Laundering
• Financial services sector/industry; Banking systems and products; Namibia money laundering control and combating of terrorist financing
• Relevant legislation. Report writing; MS Office; using technical banking systems

Notes

• Only shortlisted applicants will be contacted