Job Description

JOB PURPOSE
Provide strategic and operational direction and management in the Compliance and Prevention (CAP) Division, with direct responsibility for the Governance, Operations, Risk Management and Operational Planning of the Division, as well as direct oversight responsibility for the Data and Reporting Systems Unit, and Guidance and Outreach Unit functions, focused on risk- based preventative outputs, in line with the Financial Intelligence Centre mandate.
KEY PERFORMANCE AREAS
TECHNICAL COMPETENCIES
Strategic Alignment

• Lead the Division in adjusting to future strategic objectives to accommodate changes in theFIC's operational environment pertaining to the C&P Division.

Managing Delivery

• Lead the Division on Governance, Operations (including Operational Planning) and Reporting, Risk Management and Preventative Measures.
• Manage all operations aimed at preventative measure within the Data Systems and Reporting Unit and Guidance and Outreach Unit, to ensure that the Division achieves its deliverables, including the following:

Data Systems and Reporting Unit

• Proactively lead and oversee Data Systems and Reporting Unit to enhance the risk-based preventative outputs contained in the risk sensitive assessment and analytical tools, such as the RCAA and RCR tools, CMAS, and facilitate the development, application and enhancement of risk sensitive auditing methodology for monitoring reporting and data systems, including audit processes and procedures related to systems and application controls.
• Actively lead and oversee Data Systems and Reporting Unit to identify enhancements to improve FIC registration and reporting systems, on the goAML platform,
• Keep RCAA and RCR analytical tools in the Division up to date and make enhancements as may be required.

Guidance and Outreach Unit

• Proactively lead and oversee Guidance and Prevention Outreach Unit in engagements with relevant stakeholders and the general public through risk-based preventative outputs directed to enhancing compliance awareness of money laundering and terrorist financing, and the methods and procedures to detect, counter and deter them.
• Actively lead and oversee, and provide legal direction to, the Guidance and Prevention Outreach Unit in the identification, consultation and issuance of guidance and directives, awareness topics and issues, provides and conducts general and targeted outreach, including training awareness for accountable institution sectors, by webinar and virtual engagements, in a risk-based preventative manner.
• Conduct risk-based preventative outputs through training and awareness to internal (in house programs) and external stakeholders (supervisory bodies and regulated institutions).
• Support Effective Risk Based Supervision of the Risk and Compliance Monitoring, Inspections and Remediation, and Enforcement Units
• Provide support to the SOM Monitoring, Inspections and Enforcement, as required, in respect of the resourcing, oversight and functioning of 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 on registration, reporting, and general compliance and supervision matters related to anti-money laundering (AML) and combatting the financing of terrorism (CFT) and counter proliferation financing (CPF) in accordance with the Financial Intelligence Centre Act, as amended (FIC Act), including targeted financial sanctions relating to TF and PF. Builds and maintains professional relationships with relevant stakeholders, including regulated institutions, on AML/CFT compliance matters.
• The Inspections and Enforcement Unit, through risk sensitive inspections of accountable institutions are conducted in terms of the FIC Act, and in alignment with FATF requirements. Guide and advise supervisory bodies on their risk-based supervision including inspection, remediation and enforcement obligations in terms of the FIC Act, in order to implement and monitor effective remedial actions and to issue effective, proportionate, and dissuasive financial sanctions. Oversee the Enforcement Unit responsible for the prompt, timely and adequate oversight of all remediation of inspection findings by affected accountable institutions in terms of the FIC Act, and in alignment with FATF requirements. Ensure that the efficient enforcement action is taken against affected accountable institutions in a timely manner for non-compliance with the FIC Act. Operationalize and enhance the inspectorate and enforcement methodologies and frameworks, in accordance with FIC Act, and in alignment with FATF requirements.

MANAGEMENT COMPETENCIES
Strategic and Operational Alignment

• Determine requirements and prepare an annual Operational Plan of the Division aligned to CAP divisional strategy and FIC strategic objectives.
• Determine and ensure the deliverables and functional plans of all CAP Business Units are aligned to CAP divisional strategy and FIC strategic objectives.
• Make recommendations for adjustment of future strategic objectives to accommodate
• changes in the FIC's operational environment.
• Ensure work output support and enable FIC vision, mandate, and strategy.
• Ensure policies, procedures and systems align with related functions and organizational value chain.

People management

• Creates a positive climate to energize direct reports to minimize turnover, absenteeism, labour disputes, and other work disruption and maximize productivity of employees.
• Provides performance feedback and coaching to senior staff to ensure alignment with the Centre needs.
• 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.
• Organizes and prioritizes the tasks and work processes needed to achieve the plan and assigns people to the tasks/work processes.
• Arranges for necessary learning and development and tools for own people in the CAP division to improve organization effectiveness and efficiency.
• Monitors productivity and reallocates or reorganizes resources to improve productivity.
• Ensures the right people are in place with the appropriate support to accomplish annual operating plan.

Planning and organizing

• Directly plans and reports on the outputs of direct reporting Business units.
• 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 their annual targets.
• Provides periodic reports on performance against plan and progress on key results.
• Adjusts plan and resource allocation in line with changed priorities.

Resources management

• Prepares and manages operational budget for the CAP division and ensure proper use of financial and other resources.
• Directs, controls, and enhances resources to produce operating results and meet specific objectives and deliver agreed results.
• Translates performance expectations to specific metrics and goals for initiatives and support requirements.
• Manage allocated resources to ensure effective and efficient delivery.
• Focuses continuously on means for improving effectiveness and efficiency - doing it better.
• Makes changes to improve performance and reduce risk.
• 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 and Information Management

• Ensure that the CAP Division meets internal governance, risk management and compliance requirements, including:
• Lead the development and maintenance of operational policies, procedures & systems, in consultation with the other FIC Divisions.
• Oversee the Division's reporting on the achievement of its operational deliverables.
• Manage the Division's identification, management and reporting of operational risks including risk management plans.
• Oversee adherence by the Division's employees to FIC and divisional policies and
• procedures.
• Overseeing proper records and information management in the Division.
• Define governance arrangements within the CAP divisions and ensure compliance.
• Contribute to the FIC's policies and ensure that CAP division comply to relevant policies.
• Contribute to the FIC's risk identification and planning processes.
• Ensure Division adherence to procurement and expenditure requirements.

EDUCATION, SKILLS AND EXPERIENCE
Education

• Degree in Law (LLB,, BProc or higher 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 (MDP, BBA or MBA)Experience
• Minimum of 10 years of proven management experience.
• Minimum of 10 years high level technical experience in leadership pertaining to AML/CTF/CPF compliance and /or risk management.
• Minimum of 8 years' experience in AML/CTF/CPF risk management, regulatory data systems and reporting or compliance management.
• Experience in a regulatory environment, with demonstrated exposure to compliance outreach and prevention measures, formulation of regulatory guidance and directives, and regulatory communications will be desirable.
• Excellent Technical knowledge of the FIC Act and related legislation including any sector specific legislation e.g., POCA, POCDATARA, PRECCA, FAIS Act, Collective Investment Schemes Control Act, Long-term Insurance Act, Securities Service Act, National Gambling Act, Estate Agency Affairs Act, Attorneys Act, Banks Act, etc.

Experience

• Minimum of 10 years of proven management experience.
• Minimum of 10 years high level technical experience in leadership pertaining to AML/CTF/CPF compliance and /or risk management.
• Minimum of 8 years' experience in AML/CTF/CPF risk management, regulatory data systems and reporting or compliance management.
• Experience in a regulatory environment, with demonstrated exposure to compliance outreach and prevention measures, formulation of regulatory guidance and directives, and regulatory communications will be desirable.
• Excellent Technical knowledge of the FIC Act and related legislation including any sector specific legislation e.g., POCA, POCDATARA, PRECCA, FAIS Act, Collective Investment Schemes Control Act, Long-term Insurance Act, Securities Service Act, National Gambling Act, Estate Agency Affairs Act, Attorneys Act, Banks Act, etc.

Skills Required