Job Description

The successful candidate will be responsible for the following key performance areas:


Assist in developing, maintaining and implementing policies and procedures for screening participants and transactions to identify any potential sanction violations, such as fraud and money laundering, and carry out transaction monitoring. Oversee the onboarding process and ensure the application of Know Your Customer (KYC) standards for participants entering the RTGS systems. Conduct regular risk assessments related to ML/TF/PF to identify any potential vulnerabilities and implement appropriate controls. Analyse, monitor and track regulatory risk indicators, providing guidance by highlighting possible risks. Continually monitor and evaluate the effectiveness of the sanction and transaction monitoring systems, recommending improvements to rules and parameters as needed. Review and escalate any suspected violations to senior management and/or to the Sanctions Committee, when applicable. Document and submit suspicious transactions reports to the Risk Management and Compliance Department, Southern African Development Community (SADC) Payments System Oversight Committee Lead Overseer and Oversight and Supervision Division, as relevant. Ensure all involved staff receive regularly training and development to maintain the required level of competency. Establish and maintain relationships with internal and external stakeholders to promote a culture of compliance and awareness of sanctions and ML/TF/PF risks. Provide reports to relevant governance structures and forums regarding AML/CFT and combating proliferation financing (CPF), sanction screening and transaction monitoring. Contribute input on regulatory changes as necessary. Support and manage projects arising from changes to regulations, business or technology. * Stay updated on AML/CFT/CPF and sanction regulations as well as global best practices, ensuring their application in changes to policies, rules, regulations, legislation and systems.