SUMMARY:
The Anti-Money Laundering Control Officer is responsible for assisting and supporting STRATEGIC BUSINESS UNITS/Departments in complying with all the anti-money laundering control legislation, applicable to the IDC by developing the AMLC/PIP-PEP/Sanctions framework and procedures, facilitating the implementation, cre...
POSITION INFO:
The Anti-Money Laundering Control Officer is responsible for assisting and supporting STRATEGIC BUSINESS UNITS/Departments in complying with all the anti-money laundering control legislation, applicable to the IDC by 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 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.
• 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
• 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
