Anti- Money Laundering Compliance Manager

The Anti-Money Laundering Control Manager is responsible for:

1. Assisting and supporting the organisation, including relevant subsidiaries in complying with all local and international AML / CTF and Sanctions legislation (e.g. FATF recommendations 40, POCA, PRECCA, FICA, POCDATARA Sanctions laws) applicable to the organisation.
2. Facilitating the implementation, creating the required AML / CTF and Sanctions awareness.
3. Performing compliance reviews and assisting other assurance providers with their audits; remediating all issues of non-compliance and reporting to various Committees and statutory bodies.

Qualifications:

1. A certificate in Anti-Money Laundering Control.
2. Accredited or certified member of the Compliance Institute of South Africa (CISA).
3. CAMS Certification will be an added advantage.
4. A certificate in compliance management will be an added advantage.

Knowledge and Skills:

1. At least 8-10 years' experience in the anti-money laundering control / counter terror financing and sanctions environment.
2. At least 5 years in a management and leadership role.
3. Sound experience in report writing and presentation.
4. Knowledge of Siron system will be an added advantage.

Compliance Risk Identification and Assessment:

1. To assist the organisation identify and comply with all applicable AML / CTF and Sanctions legislative requirements (e.g. FATF recommendations 40, POCA, PRECCA, FICA, POCDATARA, Sanctions Laws).
2. To provide AML / CTF Sanctions compliance advice to the SBUs / Depts. (including subsidiaries) on the requirements stipulated within the AML / CTF Sanctions legislation.
3. To proactively identify potential breaches on AML / CTF Sanctions, investigate compliance issues and / or irregularities and remediate.
4. To compile and continuously update, manage and execute an organisation's AML / CTF and Sanctions Compliance Coverage Plan, detailing the compliance risk identification, assessment, management, monitoring and reporting activities to be undertaken for the financial year.
5. Prepare for presentation and approval by the Executive Management Committee (including the Board) of the AML annual compliance programme.

Compliance Risk Management:

1. AMLC (KYC / VYC) background / Sanctions listing searches, media searches, google searches, identification of DPEPs and FPEPs on FICA files of potential / new and existing clients including all other ancillary AML / CTF on-boarding and on-going customer due diligence (Pre and post investment) including all other related activities.
2. Technical trend monitoring and investigating suspicious financial activity across the Corporation.
3. Data profiling and quality assessment sorting.
4. System fine-tuning and optimization and predictive ML / TF risk analytics.
5. Advanced customer segmentation and logic performance testing.
6. Drive the initiating and review of applicable systems and procedures to ensure that ML / TF data analytics and surveillance takes place at the correct points and in the right way in the value chain.

Compliance Risk Monitoring:

1. To compile and regularly review AML / CTF and Sanctions Compliance Risk Management Plans (CRMP) for the applicable AMLC regulatory requirements per SBU / Dept.
2. To plan, manage, conduct and / or facilitate AML / CTF and Sanctions compliance monitoring / audits (desktop / on-site) (i.e. control adequacy reviews, control effectiveness reviews, control self-assessment questionnaires / sign-offs and / or control spot check / inspections) on the applicable AML / CTF and Sanctions regulatory requirements.

Compliance Risk Reporting:

1. To compile and submit AML / CTF Sanctions Compliance Risk Profile Reports to relevant SBUs / Depts.
2. To compile and submit quarterly, bi-annual and annual AML / CTF Sanctions Compliance reports, detailing the status of the Management of the compliance risks within the organisation.
3. To report to management on the status of AML Sanctions compliance within business, record non-compliance issues, generate business unit compliance reports, follow up on outstanding actions.
4. To log all AML / CTF Sanctions compliance findings on the Compliance Issues Log, manage and track progress made by the SBUs / Depts. in closing the findings and ensure that the Compliance Issues Log accurately reflects all amendments, supporting the integrity of the data reported to the relevant governance committees.
5. To ensure that all relevant reports in terms of FICA (or any other AML / CTF and Sanctions legislation) are submitted to the FIC and / or any other statutory body or law enforcement agencies.

Compliance Awareness and Training:

1. To communicate effectively, provide support and create awareness on AML / CTF and Sanctions legislation with Management and recommend improvements to minimise risk and recommend best practices.
2. To train staff on AML / CTF and Sanctions legislation (e.g. FATF recommendations 40, POCA, PRECCA, FICA, POCDATARA Sanctions laws) with the aim of establishing / enhancing a culture of compliance within the organisation.
3. To conduct ongoing practical AML / CTF and Sanctions and Online AML / CTF and Sanctions training on all impacted SBU / Dept., including AML / CTF and Sanctions Compliance Alerts to communicate new AML / CTF and Sanctions new regulatory requirements.
4. To stay abreast of amended and / or new AML / CTF and Sanctions regulatory requirements, and proactively identify and communicate the impact of the anticipated AMLC regulatory change on the organisation and its Business Units / Depts.
5. To attend industry forums, seminars and working groups.

Essential Job Competencies:

1. Analytical and interpretation.
2. Planning and organizing.
3. Presenting and communication.
4. Influencing and stakeholder management.
5. Ethical and integrity.
6. Sound knowledge of MS Office.