Anti Money Laundering Control Officer

SUMMARY:

The Anti-Money Laundering Control Officer is responsible for assisting and supporting STRATEGIC BUSINESS UNITS/Departments in complying with all the anti-money laundering control legislation (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA) applicable to the organization by developing the AMLC/PIP-PEP/Sanctions framework and proced...

POSITION INFO:

The Anti-Money Laundering Control Officer is responsible for assisting and supporting STRATEGIC BUSINESS UNITS/Departments in complying with all the anti-money laundering control legislation (e.g. FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA) applicable to the organization by developing the AMLC/PIP-PEP/Sanctions framework and procedures, facilitating the implementation, creating the required awareness, performing compliance reviews and reporting on level of compliance.

He/she will be responsible for designing, evaluating, supporting, and influencing a culture of compliance throughout the organization, as well as assisting in the management and execution of an efficient compliance monitoring program

Qualifications:

•    LLB/ B. Com or equivalent qualification. 
•    Accredited or certified member of the Compliance Institute of South Africa (CISA).
•    A Certificate in Anti-Money Laundering Control.
•    CAMS Certification or a Certificate in Compliance Management will be an added advantage.

Knowledge and Experience:

•    At-least 5-8 years’ experience in anti-money laundering compliance management environment.
•    Sound experience in report writing and presentation skills.
•    Knowledge of  the Siron System will be an added advantage.
•    Experience developing and implementing compliance programs

 

• Assist in the development of compliance initiatives and programs to comply with the respective money laundering legal, licensing, and regulatory obligations
• Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
• Improve and maintain AML/CTF policies and procedures
• Aid in the improvement of tools to monitor, analyse, and report suspicious activity
• Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
• Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
• Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
• Provide oversight to the operational team, which acts as the first line monitors and investigators of suspicious activity
• Ensure consistent and timely feedback on cases that have been escalated
• Liaise with management to develop investigative strategies
• Develop and participate in compliance programs and initiatives
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases
• Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps
• Develop and execute face-to-face / virtual training for staff in various business units as required
• Aid in general compliance awareness and refresher training

TECHNICAL/FUNCTIONAL COMPETENCIES

•    Team player with the ability to work unsupervised
•    Exceptional analytical and investigative skills
•    Strong project management skills
•    Willingness to work on various compliance issues
•    Must be able to adapt to working in a fast-paced environment
•    Excellent verbal and written communication skills
•    Exceptional presentation skills
•    Strong organization skills and attention to detail 
•    Stakeholder Engagement Skills
•    Negotiating and Influencing
    

 BEHAVIOURAL COMPETENCIES

•   Attention to detail. 
•   Highly Ethical and integrity. 
•   Good Communication skills