COMPLIANCE MANAGER AML & REGULATIONS (ACAMS) - Gauteng, Centurion

COMPLIANCE MANAGER AML & REGULATIONS (ACAMS) - Gauteng, Centurion

CLOSING DATE: 24 OCTOBER 2024

SALARY: R 993 665 CTC PER ANNUM

PURPOSE:
To lead the Bank's Anti-Money Laundering (AML) Programme function, including Financial Crime and Sanctions, by providing strategic direction and focus and by establishing and promoting a compliance culture within the Group. To ensure that the Bank complies with all relevant statutory, regulatory and supervisory requirements that pertain to its particular industry as well as professional standards, accepted business practices, and internal standards in relation to Anti-Money Laundering and Counter Terrorist Financing. To ensure that the Bank conducts its business in an ethical manner and to promote an ethical culture within the Bank thereby assisting to manage risk and maintain a positive reputation.

RESPONSIBILITIES:

• Monitor transactions and conduct diligence on counterparties to detect and prevent suspicious activities.
• Create awareness and educate employees and management at all levels, instituting practices that will ensure the highest possible level of compliance and risk management.
• Participate in and support the Board and Board sub-committees in effective management of compliance risks.
• Be registered with the FIC as the Bank's Money Laundering Reporting Officer and Compliance Officer, satisfying all regulatory duties as prescribed by the FIC Act.
• Develop and implement a robust Financial Crime Risk Management Framework.
• Develop and implement policies and procedures designed to deter and detect money laundering and terrorist financing.
• Implement a risk-based approach for AML, including identifying potential red flags.
• Support the Credit and other transactional processes in ensuring sanctions/PEP screenings are undertaken upfront and reports are submitted to the various committees up to Board for approval.

QUALIFICATIONS:

• Degree in Compliance, Law, Audit, Risk Management, Finance, Economics or similar.
• Postgraduate qualifications in compliance management or related fields, with CISA accredited Compliance Practitioners.
• Meet the requirements of 'fit and proper' as prescribed by the Compliance Institute of Southern Africa.
• Accreditation as an Anti-Money Laundering Officer, certified anti-money laundering specialist (CAMS), ACAMS membership.

EXPERIENCE:

• 10 years of Compliance management experience.
• 5-8 years of AML experience.

DESIRED SKILLS:

• Lead the Bank's Anti-Money Laundering (AML) Programme function.

DESIRED WORK EXPERIENCE:

• More than 10 years.

DESIRED QUALIFICATION LEVEL & ACCREDITATIONS:

• Honours.
• Compliance Institute of South Africa.

ABOUT THE EMPLOYER:

For application inquiries, please contact the provided email address.