Anti-Money Laundering Manager -(EE) - Cape Town

SUMMARY:
Seeking an Anti-Money Laundering Manager with a B.Comm, Law, Bachelors degree or equivalent plus 5 - 10 years experience in a similar role and Leading a team in the Financial Services industry, for an EE position based in Cape Town.

POSITION INFO:

Job Role

Support management in the execution of their responsibilities in terms of financial crime combatting, sanctions and Anti-Money Laundering (AML) to ensure compliance to FICA, POCDATARA, POCA and other local & international AML/Terrorist financing (TF) legislation and regulations.

 Responsibilities

 Strategy Development and Implementation

• Develop and implement an Anti Money Laundering strategy for the Group.
• Ensure all Anti Money Laundering /Terrorist Financing gaps are identified and remediated within specific timelines.
• Develop, implement, and enhance the transaction monitoring system.
• Act as subject matter expert relating to Anti Money Laundering /Terrorist Financing legislation and regulations.
• Provide guidance on risk-based approach (RBA) to Anti Money Laundering /Terrorist Financing.
• Remain abreast of any changes to Anti Money Laundering /Terrorist Financing legislation and regulations.   

Key stakeholder engagement

• Collaborate with the Group Compliance Office (GCO) on Anti Money Laundering /Terrorist Financing issues.
• Provide management with Anti Money Laundering /Terrorist Financing support and technical expertise.
• Promote continuous learning of Anti Money Laundering /Terrorist Financing best practices and methodologies with internal stakeholders.
• Identify and maintain strategic relationships with key stakeholders within the Group and external regulators.
• Contribute to the maintenance of the Group Life and associated Accountable Instituition’s (AI) Risk Management and Compliance Programme’s (RMCP).

Knowledge sharing and continuous process improvement

• Identify opportunities for process enhancements and automated controls for Anti Money Laundering and sanctions related prevention and detection.
• Oversee the remediation of findings from the Prudential Authority, internal audit and external reviews.
• Ensure consistent application of the Group Life RMCP across all accountable institutions.

People Management

• Effective performance management and talent development of direct reports.
• Driving the implementation of the business culture.

 Requirements

Qualifications

• B.Comm, Law, Bachelors degree or equivalent is required.
• Certified Anti-Money Laundering Specialist (CAMS) qualification is advantageous.
• Association of Certified Fraud Examiners (ACFE) or Institute of Commercial Forensic Practitioners (ICFP) is advantageous.

Experience

• 5 - 10 years experience in a similar role and Leading a team in the Financial Services industry is required.

 Knowledge/ Skills

• Sound knowledge of SA Anti Money Laundering /Terrorist Financing legislation and regulations together with Financial Action Task Force (FATF) requirements.
• Knowledge of Anti Money Laundering /Terrorist Financing processes and system requirements.
• Insurance industry knowledge in context of Money Laundering/Terrorist Financing requirements.
• Money Laundering/Terrorist Financing best practices.
• Project and People management skills.
• Incident investigations
• Stakeholder engagement
• Networking - Internal and External
• Quality, Compliance and Accreditation
• Business processes and systems

 

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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