Head of Financial Crime & Money Laundering - Somerset West area

Recruiter:

Prosperity Placements

Job Ref:

Fin Crime

Date posted:

Monday, May 11, 2026

Location:

Cape Town, South Africa

Salary:

Market Related

SUMMARY:
Are you ready to lead the fight against financial crime?

POSITION INFO:

Are you a seasoned compliance leader with deep expertise in AML/CTF frameworks, financial crime investigations, and regulatory reporting?

My client is seeking a Head of Financial Crime & Money Laundering Reporting Officer (MLRO) to lead our financial crime risk management function and serve as the statutorily accountable MLRO.

Key Responsibilities:

Develop and oversee enterprise‑wide financial crime frameworks (AML, CTF, sanctions, fraud).
Act as the appointed MLRO, ensuring timely submission of STRs, SARs, and CTRs.
Lead transaction monitoring, investigations, and escalation of material risks.
Engage directly with regulators, law enforcement, and executive committees.
Provide governance, reporting, and assurance to the Board.
Build and lead a high‑performing compliance team, fostering a strong compliance culture.

Requirements:

Bachelor’s degree in Law, Risk, Finance, or Accounting (NQF 7+).
CAMS or equivalent certification advantageous.
8–10 years’ experience in AML/CTF or compliance within financial services.
Minimum 5 years in a leadership role.
Proven regulator engagement experience.
Banking or fintech/start‑up exposure preferred.
English and Afrikaans proficiency.
SA Citizens only
Must be Criminal Clear
Must be based in the Greater Cape town area or be prepared to relocate.

Why Join? This is a unique opportunity to shape the compliance culture of a growing banking entity, ensuring resilience, integrity, and trust at the core of our operations.

📩 Apply now:

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