SUMMARY:
A leading financial institution in Pretoria is seeking to appoint an experienced Manager: AML/CFT (Offsite) to manage its off-site Anti-Money Laundering, Counter-Terrorist Financing and Counter-Proliferation Financing (AML/CFT/CPF) supervision function.
The role is responsible for ensuring effective and efficient risk-based supervision in accordance with the organisation's regulatory obligations and supervisory responsibilities under the Financial Intelligence Centre Act 38 of 2001 (FIC Act).
POSITION INFO:
The successful candidate will be responsible for the following key performance areas: Lead and manage an AML\/CFT team responsible for conducting off-site supervision and assessing compliance with the requirements and standards of the Financial Intelligence Centre Act (FIC Act), applying a risk-based supervisory approach. Identify emerging and evolving Money Laundering, Terrorist Financing and Proliferation Financing (ML\/TF\/PF) risks, including risks in jurisdictions where South African banks and insurance entities operate. Maintain and enhance risk-based supervisory tools to inform the frequency, scope and duration of on-site inspections. Develop, maintain and continuously improve the risk-based supervisory manual and framework. Develop and manage the annual supervisory calendar, ensuring that off-site activities, inspections and stakeholder engagements are aligned with a risk-based approach. Drive innovation and the use of technology to strengthen risk-based supervision, statistical reporting and stakeholder engagement. Oversee the development and implementation of an AML\/CFT\/CPF dashboard to support risk analysis, monitoring and reporting. Ensure that AML\/CFT risk returns are analysed accurately and within prescribed timeframes. Oversee periodic sector risk assessments within the banking and life insurance sectors. Lead the development and drafting of AML\/CFT\/CPF guidance for internal and external stakeholders to support the effective implementation of risk-based supervision. Manage the performance, capacity development and professional growth of the AML\/CFT off-site supervision team. Build and maintain effective relationships with internal and external stakeholders to strengthen regulatory compliance and supervisory effectiveness. Minimum Job Requirements To be considered for this position, candidates must possess: A Postgraduate Degree in Analytics, Business Management, Data Science, Finance, Law or an equivalent qualification. At least 10 years' AML\/CFT compliance-related working experience within the financial services sector, a supervisory body or a regulatory environment. A minimum of 2 years' experience in managing teams. Additional Requirements and Competencies Candidates should demonstrate the following: A qualification in Financial Crime, AML\/CFT Compliance Management or a related field will be an added advantage. Sound understanding of the provisions and requirements of the Financial Intelligence Centre Act (FIC Act). Working knowledge of AML\/CFT\/CPF systems, products and risk management practices within the financial services sector. Excellent technical knowledge and understanding of the Risk-Based Approach (RBA). Good understanding of the financial services sector and key developments in banking, insurance and collective investment schemes, both locally and internationally. Understanding of regulatory supervision, prudential regulation and applicable legislation. Ability to combine specialist technical expertise with technology-driven approaches to strengthen risk-based supervision. Strong analytical, strategic thinking and problem-solving skills. Excellent leadership, stakeholder engagement and communication skills.
