Financial Crime Compliance Officer

**Business Unit**:Discovery Bank

**Function**:Banking

**Date**:27 Jan 2025
- Financial Crime Compliance Officer

**About Discovery**
- Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

**About Discovery Bank**
- Discovery Bank is a bank like no other - a shared-value bank, designed with our clients in mind. We are all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards. Our Vitality Money programme measures how well clients manage their finances, informs them of what it means to be financially healthy, and empowers them with the knowledge to get enhanced rewards for managing their money well. If you are adaptable, a problem-solver, always questioning the way things are done, passionate about doing what is right, and obsessed with providing a quality service experience, we have a job for you where you can be your best in an environment that’s safe and nurturing.

**Job Purpose**
- The Bank has a responsibility to comply with all Financial Crime legislation as set out by the different regulatory bodies specifically drafted for Banks. It is the Bank's duty to always maintain compliance with the above legislation across people, processes and systems to ensure we combat Money Laundering and the Financing of Terrorism. Based on the Banks strategic intent to always remain compliant and to combat Financial Crime, the Bank has created a Financial Crime Compliance Function. The **Financial Crime Compliance Officer** who will work in this function will conduct Anti-Money laundering (AML) and Counter Financing of Terrorism (CFT) activities on behalf of the Discovery Bank, providing assurance to senior management that the requirements of our external financial regulators are being complied to. In addition, providing assurance that our business is conducted in accordance with the Discovery Bank Financial Crime Compliance policies, procedures and processes.

**Areas of responsibility may include but are not limited to**
- Must have basic knowledge and experience working with Refinitiv World Check for investigations.
- Must have basic knowledge and experience working with NICE Actimize modules namely RCM, WLF, CDD and SAM.
- Conduct sanctions, PEP, financial crime reviews and investigation management of potential new and existing bank clients to ensure any relevant risks are identified and mitigated.
- Assist with on-going monitoring of clients, investigating transactional behaviour from automated and semi-automated screening tools.
- Must be technically strong and have the ability to learn the Banks core banking system.
- Ensure tasks allocated are accurately completed on a timely basis and meet professional business writing requirements.
- React timeously to all requests from external parties (regulators, external auditors, etc.) and provide accurate and complete information in relation to these requests.
- Conducts in-depth reviews and investigations on suspicious transaction activity occurring within the bank.
- Ability to work across different functional teams.
- A team player who has the ability to work well in a fast paced, motivated team.

**Skills**
- Have an ability to take responsibility of investigations completed with SLA’s.
- Take initiative, act with confidence and efficiency.
- Have an understanding of the core principles of an effective Compliance function.
- Have an ability to analyse, interpret and client transactional behaviour.
- Proficiency in MS Excel, Word, case management tools.

**Qualifications**
- University Degree (Legal or Commerce preferred).
- Certificate in ACAMS preferable.

**Work Experience**
- Minimum 1 to 3 years’ cross functional experience working in Customer Due Diligence, Sanctions, AML/CFT, Suspicious Activity Monitoring, and Real-time Payments screening team.
- 1 to 3 years working experience and understanding on NICE Actimize modules such as RCM, WLF, CDD and SAM.
- Experience performing alert investigations, case management, assisting in decision making on investigations.
- Knowledge of the legislative and regulatory environment and reporting requirements imposed by South African Regulators (SARB and FIC) specifically in relation to FICA and other applicable legislation.
- EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.