Job Description

JOB PURPOSE
Manage inspections and enforcement of accountable and reporting institutions in terms of the Financial Intelligence Centre Act, No. 38 of 2001, as amended (FIC Act).
KEY PERFORMANCE AREAS
MANAGE DELIVERY

• Manage and report on FIC risk-based and supervisory body supported inspections
• Manage and report on effective, proportionate and dissuasive FIC administrative sanctions, and manage and report on appeals
• Manage, implement, monitor and report on effective remedial action undertaken through inspection and enforcement and identification of institutions for follow up inspections, compliance reviews and/or enforcement action
• Provide advice on the supervision and enforcement of the FIC Act
• Assist in any applications, reviews and appeals emanating from inspections, sanctions and appeals in terms of the FIC Act
• Develop and maintain the inspectorate and enforcement manuals processes and procedures
• Monitor and report on regulatory enforcement actions by supervisory bodies
• Provide presentations on inspections and enforcement to supervisory bodies, key stakeholders and general public
• Guide and advise supervisory bodies on their supervision and enforcement obligations in terms of the FIC Act
• Provide input into AML/CFT risk assessment methodologies
• Build and maintain professional relationships with relevant stakeholders

MANAGEMENT COMPETENCIES
Delivery and success

• Directs, controls and enhances resources to produce operating results and meet specific objectives and deliver agreed results
• Focuses continuously on delivery as per predefined plans
• Makes changes to improve performance and reduce risk
• Anticipates and resolves problems to ensure targets are achieved within agreed deadlines and standards

People management

• Manages workflows and plans and ensures clarity around accountabilities
• Ensures that the functions objectives are well known and achievable
• Ensure that the areas objectives are met by scheduling and prioritizing the activities, allocation of work, resourcing and individual's performance so that the highest level of output and quality is achieved
• Leadership of subordinates so that they collaborate competently and with full commitment with manager and with others in pursuing the goals set
• Performance is actively managed
• Encourages and enables teamwork

Planning and organising

• Directly plans and reports on units outputs; Identifies any possible deviations and problems which will affect output and develops and implement alternative plans
• Develops and plans functional units quarterly plan in line with the area's annual
• Reports on work plans - achievement of quantity, quality and time targets

Resources management

• Budget for inspection and enforcement activities and manage and control the budget allocated
• Manage allocated resources to ensure effective and efficient delivery
• Makes recommendation on resources and budgetary requirements for annual planning purposes
• Controls costs through effective management of principle business or operating process variables
• Operationalizes plans and deploys resources to meet clearly calculated plans and objectives over a typical bi-annual horizon
• Governance, Risk management, Compliance
• Ensure compliance with code of conduct, policies. procedures and legislative requirements
• Provides input into budget for the division
• Contribute to the development and maintenance of divisional and organizational policies

EDUCATION, SKILLS AND EXPERIENCE
Education

• Degree in Law ( NQF7)
• Postgraduate qualifications in anti-money laundering, forensic auditing or compliance management

Experience

• Minimum of 8-10 years relevant experience in a broad spectrum of specialised assessments in the following fields such as prosecution, forensic auditing, compliance, enforcement and/or information systems
• Minimum of 5 years of proven management experience
• Experience in a regulatory environment, compliance oversight or supervision will be an added advantage
• Knowledge of the FIC Act, international standards, and the requirements of other relevant legislation