Senior Manager: Financial Crime Compliance

2 weeks ago

Pretoria, Gauteng, South Africa Africanbank Full time

Purpose of the Role:

To fulfil the responsibility of implementing Anti Money Laundering (AML) and Combating Financial Terrorism (CFT) & Sanctions Compliance Programmes across the Group.

To provide advisory and monitoring to the Group on AML/CFT & Sanctions matters and in collaboration with the Business Units To provide oversight of all aspects of Financial Crime within the group in order to ensure compliance FIC Act and the Risk Management and Compliance Programme.


Role Responsibilities:

AML/CFT Risk Framework To mitigate the risk of African Bank's products and services being abused for the purposes of money laundering or terrorist financing, through the establishment and maintenance of an effective AML/CFT & Sanctions control framework.

. Setting AML/CFT & Sanctions Standards and Policies for African Bank, Divisions and Subsidiaries. Developing, implementing and maintaining a best practice risk-based approach to AML/CFT & Sanctions across all business channels. Advising on processes and controls designed to manage AML/CFT & Sanctions Risks. Assisting in the development and implementation of effective governance structures, guidelines and procedures.

Responsibility for managing the implementation (scoping, testing, continuous evaluation and automation) of all systems implemented to manage AML/CFT risk including: STR/CTR Reporting Processes; Sanctions Risk Management Politically Exposed Persons Conducts periodic AML Risk Assessments and the Bank's AML programme Responsibility for the remediation of all AML/CFT issues identified via testing or audit reports.

Attending to queries from the various Business Units relating to and dealing with the interpretation, analysis and implementation of AML/CFT regulatory requirements.

Ensuring that African Bank, Divisions and Subsidiaries remain compliant with its AML/CFT obligations.

Enhance the transaction monitoring program to include a sustainable process to ensure integrity of data feeds, surveillance segmented by customer type and a continuous improvement process for tuning surveillances; Implementation of the Bank's AML Compliance Programme Assist the Head of Financial to ensure that the Group and its employees has implement and comply with the provisions of the FIC Act and its Risk Management and Compliance Programme.

Preparation all the governance committee reports including all the reporting stats on behalf of the bank Ensure implementation of Customer Due Diligence on the identification and verification of clients.

Ongoing monitoring of adherence by business units to AML/CFT standards, including monitoring AML/CFT Risk Management processes and the ongoing management of those processes to ensure adequate implementation.

Implement a robust and practically workable system to deal with Politically Exposed Persons (PEP's)/Prominent Influential Persons (PIPs). Ensure that we enhance AML/CFT skills of team members and ensure that there is continuous professional development within budget. Assisting the Head of Financial Crime to respond to statutory and regulatory requests for information e.g. subpoenas.

Oversee the management of the AML/CTF investigations and external reporting to ensure that reports generated from the automated systems are fully investigated.

Monitoring and Reporting Provide documentation and related support for quarterly or monthly to Head of Financial Crime on AML/CFT activities and results.

Develop, compile and present relevant reporting metrics utilized in the established dashboards. Gather information for the preparation of AML/CFT audits. Perform special projects as requested by the Head of Head of Financial Crime. Review the teams work for accuracy and completion and escalate findings to the Head of Financial crime and stakeholders.

Assist the Head of Financial crime with training of team and business unit stakeholders, and act as a go to person for less experienced team members.

Research or address any quality assurance issues with other AML team members.

Manage AML projects that are the most complex in nature, requiring collaboration across multiple business stakeholders, which address AML/CFT issues of significant complexity.

Assist business units with risk assessments and risk control evaluations, applying current and detailed AML knowledge and business acumen regarding the Bank's products, operations and policies.

Provide an oversight that Data Quality Assurance performed and analysis thereof are resolved adequately.

AML/CFT Advisory, Awareness and Training Review and assist in the development of content and ensure appropriate communication of new and revised policies and procedures.

Creating awareness of legislative requirements and TCF and ensuring that staff are aware of and competent in all aspects of Compliance, inter alia through Conducting presentations Issuing compliance alerts Publishing documentation on the intranet Drafting communication and advice for internal use a.

The above requirements may occur directly or through guidance of compliance champions or the relevant training division. Collaborate with the Head of AML and business units to plan and deliver training.

Participate in meetings and delivery of training sessions, in person and virtually, to meet the training needs of business units.

Maintain documentation of AML training records for the business units in collaboration with Human Capital Department.
AML Governance and Initiatives Maintain current, in-depth knowledge of AML/CFT & Sanctions and regulations. Monitor developments and trends that may impact regulatory requirements.

Maintain a centralized repository of most recent versions of all AML/CFT related documentation in SharePoint, including policies and procedures as well as records of issue identification, remediation, and meeting minutes.

Ensure that business unit changes in policies and procedures resulting from issue remediation and testing are incorporated into current AML/CFT documentation.

Also keep abreast of industry best practices and apply them to AML/CFT & Sanctions governance initiatives. Create AML management team input to identify and analyse AML/CFT & Sanctions regulatory issues. Recommend to the Head of AML action steps to maintain strength of AML compliance program. Maintain responsibility for ensuring that all applicable AML/CFT policies and programs comply with regulatory standards. Ensure that policies and programs are current, accurate and have been approved by appropriate Bank committees. Direct the design, implementation and delivery of AML/CFT & Sanctions training programs for the Bank, Divisions and Subsidiaries.

Ensure that training programs are current and incorporate applicable laws and regulations as well as internal policies, procedures, and processes.

Evaluate the effectiveness of required AML/CFT training. Recommend and implement enhancements to training program as needed.

Minimum Responsibilities:
LLB- 10 years Financial Crime experience in the Financial services industry#J-18808-Ljbffr

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