Money Laundering Reporting Officer

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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.

  •   Management of PEP List and ensure Senior Management approval is sought before onboarding of PEP client
  •   Assisting the BU with managing the sanction screening end-to-end process
  •   In collaboration with the BU Compliance Officer, carry out annual reviews of high risk clients and periodic reviews of medium and low risk clients
  •   Follow up with Business Development Officers on remediation of non-compliant KYC files and report on progress of remediation to Operations Manager and Business Unit Compliance Officer
  • Ensuring that AML/CFT information is collated, analyzed and prepared for the various stakeholders within the required timelines.
  • Facilitates and in appropriate circumstances partakes in, remedial actions developed by the BU 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 iro sanctions, Domestic Prominent Influential Persons (DPIP), Foreign Prominent Public Officials (FPPO) and/or Politically Exposed Persons (PEP)



Bachelor of Arts (BA)

Closing Date

21 December 2021

To apply for this job please visit .

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