Python
Mxolisi Matha
Analyst : AML Operations
Cape Town,Western Cape
Summary
Experienced AML Analyst adept in transaction monitoring, EDD, SAR, and regulatory compliance, dedicated to keeping organizations safe from fines and illicit activities. Skilled in analyzing financial data, detecting suspicious activities, and ensuring adherence to AML laws. Proficient in data analytics and meticulous record-keeping. With a background in financial administration and work coordination, I bring diverse skills in process management and attention to detail. Committed to excellence in AML compliance and contributing to organizational success.
Overview
12
12
years of professional experience
Work History
Analyst: AML Operations
Capitec Bank Head Office
Cape Town
01.2020 - Current
- Transaction Monitoring: Review and analyse financial transactions to detect any suspicious activities or patterns indicative of money laundering or other illicit activity. Investigate up to 15 clients per day.
- Enhanced Due Diligence (EDD): Conduct thorough investigations on high-risk customers or transactions to gain deeper insights into their activities and assess potential risk factors comprehensively.
- Suspicious Activity Reporting (SAR): Identify and document any suspicious transactions or activities in accordance with regulatory requirements, ensuring timely filing of SARs with relevant authorities when necessary.
- Regulatory Compliance: Stays updated on changes in AML laws, regulations, and best practices, ensuring continuous compliance with applicable regulations within AML programs.
- Data Analysis: Utilize data analytics tools and techniques to identify trends, anomalies, and potential red flags in financial data, aiding in the detection of suspicious activities.
- Documentation and Record-Keeping: Maintain accurate and detailed records of AML investigations, findings, and actions taken, facilitating compliance demonstrations and regulatory audits effectively.
- Quality Control and Assurance: Perform thorough reviews of up to eight client investigations to verify compliance with AML regulations conducted by fellow analysts.
Financial Administrator
Allan Gray
Cape Town
08.2015 - 08.2016
- Calculated Inter-Company service fees.
- Prepared and processed up to 20 supplier payments per day.
- Prepared and imported journal entries into ACCPAC.
- Performed daily bank reconciliation Assisted in cash management.
- Maintained the General Ledger.
- Reconciled corporate credit cards.
- Assisted with budget setting and analysis.
- Performed monthly expense analysis reporting.
- Assisted with internal and external audit requests for information.
- Dealt with queries from vendors and internal staff.
- Resolved escalated creditor/debtor issues in timely manner.
- Assessed budget plans and present costs to forecast trends and recommend changes.
Work Coordinator
Allan Gray
Cape Town
12.2013 - 07.2015
- Assisted team leader in implementing controls to mitigate processing risk
- Managed the distribution of up to 100 client request per day to various departments.
- Performed daily service request reconciliations to ensure all work is processed.
Data Entry Clerk
Allan Gray Orbis Foundation
Cape Town
07.2012 - 11.2013
- Lead a team in capturing and reporting up to 4000 bursary applications.
- Managed documents by organizing forms, filing records, preparing correspondence and creating reports.
- Scanned documents and saved in database to keep records of essential organizational information.
- Produced weekly and monthly reports using advanced Excel spreadsheet functions.
- Streamlined workflow with automation techniques, reducing manual input time and minimizing potential for human error
- Collaborated with IT department to troubleshoot software issues, leading to a more stable data entry environment
Education
Certificates - Registered Persons Exams
South African Institute of Financial Markets
Cape Town 02.2019 - 2019.06
Bachelor of Commerce - Financial Planning
Nelson Mandela University
Port Elizabeth 02.2006 - 2012.01
Matric - undefined
Ganges Secondary School
Durban 01.2001 - 2005.11
Skills
Report Preparation
Information Gathering
Regulatory Compliance
Process enhancement
Transaction monitoring
Incident Reporting
Quality assurance
Data Analysis
Process Automation
Continuous Learning
Software
MS Excel
Timeline
Analyst: AML Operations
Capitec Bank Head Office
01.2020 - Current
Certificates - Registered Persons Exams
South African Institute of Financial Markets
02.2019 - 2019.06
Financial Administrator
Allan Gray
08.2015 - 08.2016
Work Coordinator
Allan Gray
12.2013 - 07.2015
Data Entry Clerk
Allan Gray Orbis Foundation
07.2012 - 11.2013
Bachelor of Commerce - Financial Planning
Nelson Mandela University
02.2006 - 2012.01
Matric - undefined
Ganges Secondary School
01.2001 - 2005.11
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