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Transaction Monitoring Analyst

Job Title: Transaction Monitoring Analyst
Contract Type: Permanent
Location: Ebene, Mauritius
Salary: Attractive
Reference: 4972
Contact Name: Noorina Abdoulraman
Job Published: April 03, 2019 07:16

Job Description

With a solid track record of financial strength and stability, our client stands as a leading provider of financial services in the SADC region. We are currently looking for a Transaction Monitoring Analyst to integrate the Transaction Monitoring Control Department within the Group.

Role Overview:

Responsible for the management of the transaction alerts generated for foreign currency transactions for the Group. The role is a critical element of the Bank’s defense against money laundering, terrorist financing and fraud.

Main Responsibilities:

  • Monitor the departmental queues for alerts on a regular basis throughout the working day ensuring management are aware of outstanding alerts at end of day.
  • Be familiar with the departmental systems/processes and their implementation.
  • Review transaction monitoring alerts in line with prescribed procedures:
    • Investigate the individual alerts to determine if there is a potential suspicious transaction involved.
    • Follow the recommended standard investigation steps.
    • In addition, assess if there is anything else unusual about a transaction, particularly based on experience of previous transactions.
    • Assess the transaction in the context of previous transactions and the client’s business/purpose of the account – if necessary review the client file.
    • Assess the relevance of the geographies of the remitter and beneficiaries of the transaction.
  • Where there are grounds for suspicion or a requirement for guidance in relation to an alert, escalate in line with the procedures.
  • Create and maintain accurate and concise records of all investigations undertaken including details on the rationale for any decisions made.
  • Seek to build an understanding of the profile of customers highlighted through the transaction monitoring alert process. 
  • Assist with the preparation of departmental Management information reports
  • Provide input to the maintenance of the departmental procedures.
  • Provide advice and support to the Bank’s business units on the identification of areas of risk as a result of transaction monitoring trends.
  • Any other associated duties required from time to time to meet the departmental responsibilities and goals.

Requirements & Skills:

  • Relevant compliance experience and/or suitable qualifications.
  • Proven track record in similar function in the financial services industry with at least two years’ experience.
  • Regulatory environment and risk management.


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