Latest jobs in Malawi

Money Laundering Reporting Officer at Old Mutual

  • Full Time
  • Blantyre
  • Salary: 00

Old Mutual

Lets Write Africa’s Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

This exciting and challenging opportunity exists within Old Mutual Life Assurance Company (Malawi) Limited for someone who is passionate about AML. The person will be responsible for all AML related matters including investigations which may result in regulatory reporting to the Financial Intelligence Authority.

  • Managing Politically Exposed Persons’ (PEP) List and ensuring Senior Management approval before onboarding of PEP client.
  • Assisting the Business Units (BU) with managing the sanction screening end-to-end process.
  • Carrying out annual reviews of high risk clients and periodic reviews of medium and low risk clients in collaboration with the Business Unit Compliance Officer.
  • Following up with Sales Agents/District Managers on remediation of non-compliant Know Your Customer (KYC) files and report on progress of remediation to Operations Manager and Line Compliance Officer.
  • Ensuring that Anti Money Laundering (AML) / Competition and Fair Trading (CFT) information is collated, analysed and prepared for the various stakeholders within the required timelines.
  • Facilitating remedial actions developed by the Business Unit to help eliminate non compliance with AML/CFT regulations.
  • Investigations of:
    • Reportable large currency transactions (LCTR) generated through the monitoring system and/or reported by business and ensuring timeous submission to the Financial Intelligence Authority (FIA);
    • Suspicious and unusual transactions and activity (STR) reported by the business and or generated through the monitoring system and ensuring timeous submission; and
    • Results generated through the screening process or sanctions, Domestic Prominent Influential Persons (DPIP), Foreign Prominent Public Officials (FPPO) and/or Politically Exposed Persons (PEP).

Skills

Communication, Facilitation, Know Your Customer (KYC)

Education

Bachelor Of Law: Accountancy

Closing Date

28 May 2024

The Old Mutual Story!

To apply for this job please visit oldmutual.wd3.myworkdayjobs.com.