Aml Compliance

Job Identifying Details

Reference Number:
Job title: AML Compliance

Job level: Specialist

Job type classification: Permanent

Branch/Department: Risk and Compliance

Reporting to: Senior Compliance Manager

Job purpose:
To form part of the Compliance Function providing specialist support to the Group Compliance team to enable the Board of Directors discharge their compliance obligations for the Group entities, in terms of applicable legislation, primarily but not limited to the FIC Act, and to perform monitoring activities towards providing independent, objective, reliable and timely assurance over the effectiveness of the compliance controls implemented in the business.

Key areas of responsibility:
Provide support to Senior Compliance Manager and the wider Compliance team in the practical implementation of the FIC Amendment Act requirements including relevant guidance notes and contribute towards maintaining a sound compliance culture in the group companies through the achievement of established compliance deliverables including the following:
FICA Compliance related responsibilities:

- Work closely with the Senior Compliance Manager and provide contribution into the embedment of the Risk Management and Compliance Program requirements in the business, including attending to FICA related queries from staff members.
- Establishment and enhancement of processes in support of the Risk Management and Compliance Program (“RMCP”).
- Contribute to the implementation of new and updated regulatory requirements.
- Perform enhanced due diligence reviews and reporting.
- Input into entity due diligence questionnaires and provide input into the development of the Group’s own due diligence questionnaire.
- Provide input into technology development for enhanced compliance, and compliance controls. Contribute to the review and update of applicable policies and the RMCP.
- Provide input into FICA-related projects.
- Preparation and delivery of relevant training.
- Assist with STR and CTR reporting preparation and submission.
- Assist with preparation and relevant submissions for regulatory inspections and on-site reviews. Monthly and quarterly reporting.

FICA Compliance Risk Management
- Assist and support the development of the Group Compliance Function and updates of compliance risk management plans;
- Participation in the drafting and implementation of compliance frameworks, policies, manuals, and technical guidelines;
- Assist and support the Group Compliance Function by ensuring that compliance risks are appropriately monitored and managed.

Compliance Monitoring and Reporting:

- Development, implementation and maintaining of compliance monitoring plans in relation to FICA, or any other applicable legislation on a Group Level, reporting findings to the Senior Compliance Manager
- Perform ongoing monitoring reviews across the Group’s entities (accountable institutions).
- Work with business units to agree on findings, ratings and remedial action required.
- Produce finalised reports for all monitoring reviews conducted and ensure that all monitoring reports are appropriate and include supporting evidence and/or documents;
- Follow up on recommended corrective actions, any outstanding monitoring issues and management actions.
- Perform assurance reviews for findings where actions closure has been confirmed;
- Prepare follow-up progress reports;
- Ensure that all reports are saved appropriately.
- Ensure that there are proper non-compliance reporting channels for staff and external parties;
- Ensure non-compliance incident registers and trends are recorded and maintained where applicable;
- Ensuring that compliance reporting takes place at suitable intervals to the Senior Compliance Manager.
- Assist with submission of regulatory reports, returns, information requests, participation in research and survey questionnaires and process, feedback on specific items of a regulatory nature.

Compliance Advice
- Advice in relation to regulatory compliance issues, processes, complaints and queries;
- Conducting formal compliance reviews as the basis for advice as necessary;
- Delivery of presentations and updates to management or stakeholders on findings of the compliance function;
- Timely identification and up skilling in all new legislative developments/requirements impacting the SAHL group and communicating requirements to impacted business units.

Regulatory Relationships
- Maintain relationships with regulatory bodies and handle complaints from regulators, supervisory bodies, ombuds, input into complaints received from or on behalf of consumers.

Cultivating a compliance training culture
- Compile information relevant for business units on compliance matters;
- Advise the relevant business unit management on latest trends within the compliance environment;
- Arrange for or prepare presentations to relevant business units on compliance obligations or updates;
- Provide training and training communications to cre