AML Specialist and Team Lead

The purpose of the role is to provide a financial crime combating, sanctions and anti-money laundering (AML) Centre of Excellence function to mitigate and manage the risk that our clients’ businesses and its subsidiaries may use for money laundering, the financing of terrorism or any other form of financial crime.

The role will incorporate requirements that are mandated by our client’s Compliance function, including facilitating and assisting the businesses to implement them. It also includes activities related to the AML operational management of the 1st line AML function for several of our clients businesses.

Develop, document, maintain and continuously improve the enterprise-wide financial crime risk management framework for our client by attending to the following:

Key responsibilities:

• Proactively identify and assess financial crime related risks and identify, initiate, lead and guide remedial actions, including effectively manage the financial, reputational, regulatory and compliance risks associated with financial crime related regulation, including AML legislations
• Develop, enhance and maintain the AML/Combating the Financing of Terrorism Compliance (CFT) and sanctions framework by ensuring that businesses’ policies, standards and procedures specific to AML/CFT as well as the various sanctions regimes to which our client is subject to, are current and meet both relevant RSA requirements as well as the requirements of all other relevant jurisdictions in which our client does business and/or is regulated
• Assist with developing, maintaining and implementing group-wide minimum standards for AML/CFT and sanctions screening to which each entity must adhere to
• Develop, implement and maintain governance processes for the AML/CFT Risk Management and Compliance Programme (“RMCP”)
• Providing advice and guidance to entities to develop, enhance and maintain a risk-based approach to AML/CFT compliance across various international jurisdictions
• Provide specialised advice to our client and its business clusters with a focus on regulatory requirements, standards and best practice in the fields of financial crime and AML/CFT
• Advise on strategic and integrated risk solutions for the resolution of complex AML/CFT, sanctions- and financial crime related business and regulatory challenges

AML Centre of Excellence:

• Identification and highlighting possible money laundering activities and reporting thereof
• Ensure proper investigation of suspicious transactions or money laundering alerts
• Ensuring that transactions on which enquiries are raised, are executed to the required standards
• Maintain an up to date understanding of money laundering and terrorist financing issues, including policies, procedures, regulations, industry best practice, criminal typologies and developing trends
• Chairing of the AML Forum
• Management of requests between our client’s Cluster and the Group Compliance
• Escalation points of all complex on-boarding matters
• Reviews of our clients Artificial Intelligence (AI) Risk Management and Compliance Programme (RMCP) and Supporting Documentation
• Drafting of AML Standards
• Managing and highlighting Reputational Risk relating to areas of non-compliance
• Train and assist employees to improve their AML knowledge and enhance their compliant behaviours

Working with AML Project Manager on all AML Project Matters and deliverables thereof:

• SME lead on implementation of AML Gap Analysis Project, including Onboarding and Transaction Monitoring automation
• Responsible for the Group AML project deliverables within our client and the Group interaction

Requirements:

• Bachelor's degree in Law, LLB, Business Science or any related legal qualification
• At least 7 years of experience in AML/CFT in the financial services sector. Experience in an Asset Management/Investment Management environment would be advantageous
• Experience with larger, globally operating financial institutions is preferred
• Experience in working with AML/CFT, Anti-Bribery and Anti – Corruption (ABAC), sanctions and financial crime risk management and compliance technology solutions (software and systems) will be a recommendation
• Sound knowledge and proficiencies in the use of AML/CFT, ABAC and sanctions screening tools, analytical software solutions and investigative technologies

Knowledge and skills:

• Compliance and legal related project management
• Compliance advice and training
• Documentation and reviews
• Risk Management
• Compliance monitoring and reporting knowledge and application experience of Financial Markets Legislation