Job Description

Synopsis

The Anti-Money Laundering Control Officer is responsible for assisting and supporting Strategic Business Units and Departments in complying with all the anti-money laundering control legislation applicable to the IDC. These legislations include but are not limited to FATF recommendations 40+9, POCA, PRECCA, FICA, POCDATARA.



The individual will support the IDC thorough developing the AMLC/PIP-PEP/Sanctions framework and procedures, facilitating the implementation, creating the required awareness, performing compliance reviews and reporting on level of compliance.



The successful incumbent will be responsible for designing, evaluating, supporting, and influencing a culture of compliance throughout the organization, as well as assisting in the management and execution of an efficient compliance monitoring program

Assist in the development of compliance initiatives and programs to comply with the respective money laundering legal, licensing, and regulatory obligations

Improve and maintain AML/CTF policies and procedures

Aid in the improvement of tools to monitor, analyse, and report suspicious activity

Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place

Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF

Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions

Ensure consistent and timely feedback on cases that have been escalated

Liaise with management to develop investigative strategies

Develop and participate in compliance programs and initiatives

Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted

Ensure detailed and prompt investigation of all AML/CTF incidents and cases

Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps

Develop and execute face-to-face / virtual training for staff in various business units as required

Aid in general compliance awareness and refresher training

Qualification and Experience

LLB/ B. Com or equivalent qualification Accredited or certified member of the Compliance Institute of South Africa (CISA) (Advantageous) A Certificate in Anti-Money Laundering Control (Advantageous) CAMS Certification or a Certificate in Compliance Management will be an added advantage (Advantageous) At-least 5-8 years' experience in anti-money laundering compliance management environment Sound experience in report writing and presentation skills Knowledge of the Siron System will be an added advantage Experience developing and implementing compliance programs Team player with the ability to work unsupervised Willingness to work on various compliance issues Must be able to adapt to working in a fast-paced environment


Job Reference: IDC00638