Compliance Risk Manager

3 days ago


Pretoria, Gauteng, South Africa WeBuyCars Full time
Job Overview
The Compliance Assistant plays a vital role in supporting the compliance team at WeBuyCars. This position is responsible for ensuring the company's obligations under the Financial Intelligence Centre Act, 2001 (FIC Act) are met in a timely and accurate manner. The role focuses on assisting with the submission of reports to the FIC, while also supporting anti-money laundering (AML) screening, enhanced due diligence (EDD), and ongoing due diligence (ODD) processes.

Key Responsibilities

The Compliance Assistant will be responsible for:

  1. Supporting the compliance team in implementing the company's FICA compliance and monitoring efforts.
  2. Reviewing FICA documents as required.
  3. Assisting with enhanced customer due diligence on medium-risk and high-risk clients.
  4. Conducting ongoing customer due diligence on clients who repeatedly transact with the company.
  5. Ensuring that clients are properly risk-rated in accordance with the company's Risk Management and Compliance Programme (RMCP).
  6. Manually scanning bank statements daily to detect cash deposits.
  7. Supporting the team in updating internal protocols.
  8. Staying up-to-date with related rules, regulations, and best practices, assessing their impact on the company and updating relevant business departments/stakeholders accordingly.
  9. Conducting staff training sessions and designing routine and ad-hoc training programs for all staff.

Required Skills and Qualifications

To be successful in this role, you will need:

  1. Strong attention to detail.
  2. Able to follow procedures.
  3. Risk awareness.
  4. Effective time management.
  5. Stress tolerance.
  6. Detailed oriented.
  7. Good drafting/written communication skills.
  8. People management skills.
  9. Ability to work collaboratively as part of a team and independently.

Requirements

The ideal candidate will have:

  1. A solid understanding of the FIC Act and AML principles.
  2. 1-2 years of experience in a compliance and AML-related role.
  3. Certification in AML or Compliance is an advantage.

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