Associate Investigator

SUMMARY:
To investigate basic, intermediate and complex matters involving alleged contraventions of the Exchange Control Regulations (Regulations) and specifically to proactively identify illegal Money and Value Transfer Services and operators with a view to recoup capital exported from South Africa in contravention of the Regulations and enforce anti-money laundering legislation under limited supervision of a more senior investigator.

POSITION INFO:
JOB DESCRIPTION

• Proactively identify illegal MVTS operators in the current exchange control environment by finding alternative ways of identifying such operators through, among other measures, researching local and foreign jurisdictions.
• Investigate, with limited supervision, basic, intermediate and complex matters involving alleged contraventions of the Regulations.
• Recoup/recover/regularise capital lost as a result of alleged contraventions of the Regulations.
• Administer the collection, preservation and distribution of money and/or goods seized in terms of the provisions of the Regulations.
• Conduct and/or facilitate research relevant to investigations and/or requests for information from internal and external stakeholders, submit reports on findings and make recommendations to a signing officer/manager on the contraventions committed by such individuals/entities.
• Assist, under supervision, legal practitioners and law enforcement agencies with investigations and litigation.
• Engage internal and external stakeholders by providing clear and timely assistance and support, listening to and accommodating stakeholder needs.
• Stay current with developments, policies, procedures and legislation as well as apply any relevant changes to own work.
• Record all relevant information and correspondence regarding allocated investigations and provide investigative administrative support when required.
• Collate, report and link data on all matters identified (i.e. matters under investigation and/or sanctioned).
• Provide accurate reporting to all levels within the company and external stakeholders.
• Participate in meetings and provide written reports linked to the above processes.

• A minimum of a Bachelor’s degree in Law, Commerce, or Forensics (in the accounting or financial fields); or an equivalent qualification at NQF-level 7;
• A minimum of two to five years’ experience in financial or related investigations in the banking, financial sector and/or law enforcement environment; and
• Knowledge of and experience in the application of the Currency and Exchanges Act 9 of 1933, the Regulations, Currency and Exchanges Manuals and other relevant legislation.