Senior Operations Manager: Monitoring, Inspections, and Enforcement

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Financial Intelligence Centre (FIC)

Pretoria

ZAR 400 000 - 500 000

Be among the first applicants.

7 days ago

Job description

Job Description

JOB PURPOSE

Provide strategic and operational direction and management in the Compliance and Prevention (CAP) Division, with direct responsibility for the Risk and Compliance Monitoring Unit and the Inspections and Enforcement Unit, in line with the Financial Intelligence Centre mandate regarding effective risk-based supervision and monitoring of accountable institutions subject to the anti-money laundering, combating of the financing of terrorism and proliferation financing (AML/CFT/CPF) regime in accordance with the FATF requirements.

KEY PERFORMANCE AREAS

TECHNICAL COMPETENCIES

Strategic Alignment

Make recommendations for adjustment of future strategic objectives to accommodate changes in the FIC’s operational environment.

Managing Delivery

Manage all operations within the Risk & Compliance Monitoring Unit and Inspections and Enforcement Unit to ensure that the Division achieves its deliverables.

Effective Risk and Compliance Monitoring Oversight

Oversee the Risk & Compliance Monitoring Unit in its stakeholder management relations with Supervisory Bodies, regulated institutions, and relevant stakeholders in the Financial Services, Banking Services and Non-Financial sector.
Undertake, review and enhance regular sector risk assessments of designated sectors with the supervisory remit of the FIC.
Facilitate the design, implementation, maintenance, and sustainability of an effective national risk-based compliance monitoring framework.
Ensure that the effectiveness and efficiency of the domestic AML/CFT/CPF compliance and monitoring framework is risk-sensitive.

Data Systems and Reporting

Engage and assist Data Systems and Reporting Unit to enhance the risk-sensitive assessment and analytical tools.
Identify enhancements to improve FIC registration and reporting systems compliance oversight.

Guidance and Prevention Outreach

Engage and assist Guidance and Prevention Outreach unit to enhance compliance awareness of money laundering and terrorist financing.
Conduct training and awareness to internal and external stakeholders.

Effective Risk Based Supervision through Inspections, Remediation and Enforcement

Oversee the risk-based supervision by the Inspections and Enforcement Unit.
Guide and advise supervisory bodies on their risk-based supervision obligations.
Ensure that efficient enforcement action is taken against affected accountable institutions for non-compliance.
Enhance the inspectorate and enforcement methodologies and frameworks.

MANAGEMENT COMPETENCIES

Delivery and success

Directs, controls, and enhances resources to produce operating results and meet specific objectives.
Focuses on means for improving effectiveness and efficiency.
Anticipates and resolves problems to ensure targets are achieved.
Monitors productivity and reallocates resources to improve productivity.

People management

Creates a positive climate to energise direct reports.
Provides performance feedback and coaching to senior staff.
Ensures that the areas objectives are met by scheduling and prioritising activities.

Planning and organising

Plans and reports on Risk & Compliance Monitoring Unit and Inspections and Enforcement Unit outputs.
Prepares operational budget and ensures proper use of resources.
Adjusts plans and resource allocation in line with changed priorities.

Resources management

Manages allocated resources to ensure effective delivery.
Makes recommendations on resources and budgetary requirements.
Operationalises plans and deploys resources to meet objectives.

Governance, Risk Management and Compliance

Ensures that the units meet internal governance, risk management and compliance requirements.
Contributes to the development of FIC policies and procedures.

EDUCATION, SKILLS, AND EXPERIENCE

Education

Degree in Law (LLB, BProc or Law Degree) is required.
Postgraduate qualification in Risk and/or Compliance management will be advantageous.
CAMS certification would be desirable.
A management qualification will be advantageous.

Experience

Minimum of 10 years of proven management experience.
Minimum of 10 years high level technical experience in leadership pertaining to AML compliance.
Minimum of 8 years’ experience in AML/CTF/CPF risk management.
Experience in a regulatory environment will be desirable.
Excellent technical knowledge of the FIC Act and related legislation.

BEHAVIOURAL COMPETENCIES

Self-leadership

Emotional intelligence
Leadership Integrity
Accountability
Personal mastery
Learning agility

Team Leadership

Process conceptual and logical thinking
Organising and planning
Decision-making and delegation
Quality management
Leading results-driven high-performance teams.

Business Leadership

Judgment and decision making
Internal and external consultation and networking for collaboration.
Business planning
Information integrity
Business acumen