Job Description

JOB PURPOSE

Provide guidance and direction on complex financial services and related matters for the Anti-Money Laundering Compliance Programme in the Compliance and Prevention Division of the Financial Intelligence Centre.

KEY PERFORMANCE AREAS

Provide expertise and forward-thinking compliance direction and advice in anti-money laundering compliance regarding regulated financial institutions, persons and sectors under the Financial Intelligence Centre Act, 2001 (FIC Act).

Consider and report on possible strategic prevention initiatives and responses in assigned regulated sectors.

Ensure quality of solutions provided by team members, consider possible new solutions for, and solve queries related to complex compliance matters, within the compliance framework;

Lead and conduct compliance reviews for sector clusters.

Identify short falls and make recommendations on improving compliance oversight of supervisory bodies.

Review the work of the team, allocate work (ACOs and COs) and provide guidance and monitoring.

Recommend areas for compliance research.

Build, manage and maintain professional relationships with assigned supervisory bodies, regulated institutions and other parties affected by FIC Act.

Assist with the inspections when required, including the follow up of remedial actions.

Provide expertise and forward-thinking compliance direction and advice in anti-money laundering compliance regarding regulated financial institutions, persons and sectors under the Financial Intelligence Centre Act, 2001 (FIC Act).

Consider and report on possible strategic prevention initiatives and responses in assigned regulated sectors.

Ensure quality of solutions provided by team members, consider possible new solutions for, and solve queries related to complex compliance matters, within the compliance framework;

Lead and conduct compliance reviews for sector clusters.

Identify short falls and make recommendations on improving compliance oversight of supervisory bodies.

Review the work of the team, allocate work (ACOs and COs) and provide guidance and monitoring.

Recommend areas for compliance research.

Build, manage and maintain professional relationships with assigned supervisory bodies, regulated institutions and other parties affected by FIC Act.

Assist with the inspections when required, including the follow up of remedial actions.

Assist with compliance awareness initiatives including presentations.

Assist with industry sector risk assessments, including analysing responses, drafting and reviewing resultant reports.

Adhere to administration and record management policies/procedures within the FIC

Conduct risk-based analyses by developing analytical models and utilising relevant programs to enable risk-orientated decisions making.

Deliver holistic compliance monitoring by performing qualitative and quantitative research and reporting to rationalise actions taken regarding compliance-related matters.

Champion the upskilling of the team by educating team members on data management and analytics technical aspects in order to drive a high-performance culture.

Data Quality - Promotes adherence to appropriate quality management methods and techniques to uphold data quality standards.

Insights and Reporting - Performs standard data reporting activities, by following established insights and reports procedures.

Data Science and Tools - Interprets an existing script of elementary to moderate complexity and utilises beginner to intermediate programming skills, in using at least one mainstream Commercial and Open-Source Data Science / Analytics software tool.

Data Requirements Identification - Defines and manages scoping, requirements definition and prioritisation activities for small-scale data changes and assists with more complex change initiatives.

EDUCATION, SKILLS AND EXPERIENCE

Relevant University Degree (LLB, BCOM and Information Systems)

Post graduate Compliance Management qualification is preferred

Certified Anti-Money Laundering Specialist (CAMS) certification is preferred

At least six years' experience in a relevant field i.e., in the application of compliance/risk methodologies, of which four years must be practical experience in the AML/CTFT environment.

Data Governance, Compliance and Ethics - Possesses sound knowledge of relevant legislation, ethics-compliance principles, and governance policies.

Data Literacy - Possesses emerging competency and fluency with regard to speaking, writing and engaging in data and analytics programs and use cases.

Change management skills.

Ability to conduct simple programming/ understanding script writing

Excellent communication skills (oral and written)

Understanding of financial services institutions and sectors under the FIC Act including, but not limited to, banks, credit providers, money remitters, collective investment scheme managers, long-term insurers, financial services providers and JSE members;

Understanding of designated non-financial businesses and professions under the FIC Act including, but not limited to, trust service providers, attorneys, estate agents, gambling institutions and dealers in high value goods;

Knowledge and understanding of the Financial Intelligence Centre Act and supported legislation

An intermediate to advanced level of computer literacy, including MS Word, MS Access, MS Project; MS Excel, MS Power Point

Knowledge and understanding of international money laundering and terrorist financing control measures

* Good presentation skills