Senior Compliance Specialist AML/CFT

SUMMARY:
Senior Compliance Specialist AML/CFT

POSITION INFO:

Introduction  

To assure compliance with regulatory requirements, to manage risk associated with non-compliance.

Specification

Contribute to the efficient and effective functioning of Compliance Function

• Assist manager to ensure that The Company Group of companies is in compliance with applicable law, industry and regulatory body requirements with specific reference to AML/CFT legislation and FIC requirements.
• Assist the manager with AML/CFT projects as they become necessary.
• Have ability to conduct and/or manage Anti-Money Laundering assignments, including ability to conduct compliance reviews and identify areas for improvement / non-compliance with relevant legislation.
• Advise business on Anti-Money Laundering Solutions and provide technical input into Anti-Money Laundering solutions.
• Assist business with verification of new and existing clients to ensure compliance with AML/CFT legislation.
• Developing Thought Leadership in AML and related themes.
• Draft or review the accountable institution’s FICA RMCP on a regular basis as and when it becomes necessary to do so.
• Promote prevention of legal and regulatory risk in the company (TCF).
• Maintain efficient and effective operations in Compliance.
• Validate those policies and procedures with regards to AML/CFT Compliance are being adhered to. (TCF)
• Conduct regulatory Training
• Assist the manager with any compliance projects as may be required from time to time.
• Monitor the regulatory platforms and changes to legislations:
• Provide an impact Assessment
• Identify business impact
• Conduct workshops and unpack the impact thereto
• Get business comments where needed and respond to the regulator.
• Responsible for regulatory reporting
• Provide business with advise where needed.

Attend to regulatory and client complaints (TCF)

• Assist with investigation of regulatory and client’s complaints (FIC cases)

Responsible for Compliance Monitoring and Reporting

• Monitor AML/CFT compliance risk, policies and procedures at Head Office and branches of The Company Group.
• Complete monitoring reports for Compliance Manager.
• Provide overall compliance assistance, guidance and advice to The Company Group of Companies.
• Contribute to the development of compliance risk management plans.
• Contribute to the completion of compliance reporting (internal and regulatory).

Provide Training and Awareness on Compliance Matters

• Create awareness in The Company Group of Companies with AML/CFT law requirements (TCF)
• Train business departments on AML/CFT as well as other regulations as they become necessary
• Inform employees about relevant compliance matters.
• Develop, educate and enabling healthy and business orientated compliance culture

Requirements           

Formal Education

• Legal or Btech (Auditing Degree
• Bachelor’s degree or equivalent
• Admitted Attorney (advantage)

Technical/Legal Certification

• Compliance Certificate (Advantage)

Experience

• General compliance/risk experience in a compliance role of three to five years required.
• 2-3 years’ specific AML.CFT compliance monitoring experience.
• 2-3 years Insurance Industry experience.

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