Risk and Compliance Analyst

Responsibilities

• Maintain legal and regulatory compliance.

• Analyse data and computer systems to identify trends, develop business insights, and optimize processes, reduce risks, and create business strategies.

• Monitor customer accounts and research transactions daily, weekly and monthly to identify suspicious activity in violation of Anti Money Laundering (AML) regulations.

• Analyse and report on compliance with Know Your Customer (KYC) protocols.

• Review and investigate alerts generated from relevant systems, such as AML monitoring system, and those reported manually, and monitor customers transactional behaviour against the established profile for possible suspicious transactions; analyse questionable activity, as well as determine if an inquiry and/or investigation is required.

• Investigate suspicious activity to pursue corrective action and/or to eliminate false positives and perform other compliance investigations based on client, regulatory and internal requirements. 

• Assist the Senior Risk and Compliance Officer to develop risk policies that enable the definition of risk, process guidelines and a systematic framework and approach to risk management within the company.

• Create and review reports and trend analysis as required.

• Conduct research on new technologies or techniques using online resources, databases, and other information sources.

Skills, Knowledge & Personality requirements

• Risk Management Processes and Procedures

• Legal and Risk Assessment, Analysis, Mitigation & Management knowledge and Models as well as Techniques

• Administration

• Statutory and Regulatory Compliance, Compliance Monitoring approaches

• Procedures Design

• Auditing

• Governance

• Computer Literacy

• Organizing and Coordination

• Written and Verbal Communication

• Systematic analysis and Research skills

• Problem Solving/sound analytical thinking and Investigative skills

• Drafting / Formulation

• Financial skills

Educational and experience requirements

• NQF 6, a National Diploma in Risk Management, Law, Finance, Auditing, Compliance Management, or similar field.

• 3 years in the financial services industry with an emphasis on regulatory frameworks and compliance in a corporate/commercial environment.as of financial services, sales, client service, and/or administrative systems required.

• A professional Certification in Risk or Compliance and/ or a Certification as Anti Money Laundering Specialist (CAMS) is an advantage.

Other

• Emotionally mature

• Systematic and detail orientated

• Ability to work under pressure

• Service oriented

• Team player

• Adaptable

• Positive attitude

• Must be a Namibian citizen.