JOB DESCRIPTION
MINIMUM QUALIFICATIONS
- Degree/Diploma in Risk Management, Law, Finance, Business, or a related field.
- Relevant Certifications in Anti-Money Laundering (AML), such as CAMS (Certified Anti-Money Laundering Specialist) or other equivalent AML practitioner certifications.
YEARS OF EXPERIENCE
- At least 5 years of experience in AML compliance, financial crime risk management, or a related field, with hands-on involvement in implementing AML/CTF controls, transaction monitoring, and KYC/CDD processes.
RESPONSIBILITIES
- Ensure all relevant Accountable Institutions (AIs) are registered and maintain updated registers of relevant information
- Submit bi-annual Life Insurance Risk Assessments to the Prudential Authority
- Review and vet third-party service providers for Customer Due Diligence (CDD) and Targeted Financial Sanctions (TFS) screening
- Support the Group AML Compliance Officer
- Ensure timely submission of all relevant reports to the Financial Intelligence Centre (FIC)
- Investigate suspicious money laundering alerts or transactions and report to the FIC
- Conduct thorough investigations into potential fraudulent or money laundering transactions
- Provide guidance on identifying high-risk clients and prepare reports for legal proceedings
- Assist with developing and maintaining a Group Risk Management and Compliance Programme (RMCP)
- Ensure each AI has processes for identifying and monitoring suspicious transactions
- Assist AIs in identifying AML weaknesses or gaps within business processes
- Act as a subject matter expert to employees, risk managers, and CDD Teams
- Aid in preparing and implementing regulatory changes
- Support AIs in identifying training needs and compiling training material
- Identify and review employees during the implementation of TFS screening as per Directive 8
- Distribute, gather, compile, and submit group comments on FIC communications (industry consultation feedback
- Create and update a “Court Order” register for proactive reporting.
- Stay current with money laundering, Terrorist Financing, and Proliferation Financing trends
Salary
Competitive
Monthly based
Location
Tokologo Local Municipality, Free State, South Africa
Job Overview
Location
Tokologo Local Municipality, Free State, South Africa
