Assistant Compliance Officer

Assistant Compliance Officer

Apply locations Pinelands time type Full time posted on Posted Yesterday job requisition id JR-56619

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

This role will provide on-going support to the Operation Assurance Team in OMI. The incumbent will independently review client risk assessments / risk ratings from an AML/CFT perspective, to ensure they are completed in accordance with policies, procedures, and regulatory requirements. They will also support in the review and clearing of AML/CFT screening hits as well as providing support in ad hoc projects within the Operation Assurance Team.

Key responsibilities will include amongst others the following:

• Provide on-going support to the Operation Assurance Team.
• Independently conducting and reviewing Client Risk Assessments / Risk Rating from an AML/CFT perspective and ensuring the required KYC documents are collected.
• Support in the review and clearing of AML/CFT sanction hits – knowledge of Dow Jones and/or WorldCheck is advantageous in this regard.
• Often acts as a point of escalation and liaise with internal stakeholders to ensure resolution.
• Contributes to the overall client delivery and experience.
• Advises on system enhancements and testing.
• Ensures first time resolution of all client queries received.
• Supporting on the daily review and approval of Client Risk Assessments on all client instructions pertaining to Individuals and Entities where required.
• Perform Client Due diligence in line with FICA requirements and offshore regulatory requirements.
• Utilise problem solving skills to resolve complex queries.
• Maintain an awareness and ability to identify and avert potential risk issues.
• Apply and adhere to OMI’s policies and procedures, always maintaining a comprehensive understanding to pro-actively identify and propose improvements on an ongoing basis.
• Report findings in a timely manner to relevant client teams.
• Escalate high risk issues directly to Senior Management as soon as any issue arises.
• Identify areas to improve own knowledge and skills and actively seek assistance.
• Maintain an up to date understanding of the relevant legal and regulatory requirement.

Qualifications, Skills and Experience required:

• Degree in Law/LLB
• Knowledge of legislation, regulations, and legal principles applicable to the financial services industry
• AML/CFT and FATCA/CRS compliance experience ideally in offshore markets.
• Experience working within a compliance team within an Operations environment (administration of individuals and entities).
• Excellent written and verbal communications skills is vital.
• Excel skills is advantageous.
• Strong attention to detail.

Closing Date: 16 November 2024

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.