Financial Crime Risk Assessment Specialist

Job Description

The purpose of this role is to provide ongoing oversight of the compliance issues impacting the financial crime risk profile. The role includes active engagement with segments on non-compliance issues raised by assurance providers or identified through breaches in key risk indicators. In addition, the incumbent will co-ordinate and participate the group’s response to quarterly regulatory returns, periodic inspections, and progress reports on remediation.

Hello future Financial Crime Risk Assessment Specialist

FirstRand believes that its people are its single most important resource and will not operate in a sector unless it has people who are right for that market and who share FirstRand’s business values. We recruit self-starters who have a passion for what they do. We empower them, hold them accountable and reward them appropriately. We value diversity in our people, particularly for the way that this contributes to innovative thinking. If you think you will flourish in our environment, and you believe you have the necessary skills and competencies for the position advertised, then we are looking for you

Role Purpose:
The purpose of this role is to provide ongoing oversight of the compliance issues impacting the financial crime risk profile. The role includes active engagement with segments on non-compliance issues raised by assurance providers or identified through breaches in key risk indicators. In addition, the incumbent will co-ordinate and participate the group’s response to quarterly regulatory returns, periodic inspections, and progress reports on remediation.

Are you someone who has experience with:
Process
- Evaluation and assessment
- Coordinate (manage/direct/contribute to) requests for information, quarterly returns to the regulator, and self-assessment questionnaires or declarations.
- Co-ordination of group response to inspections by the regulators, requesting information from segments, evaluation and assessment of segment feedback, submission to regulators and co-ordination of presentations.
- Perform monthly Archer logs reviews and facilitate meetings with the respective segment compliance teams. The aim is to ensure that non-compliance issues are complete, accurate and valid when logged on Archer. Critically review risk rating, root causes and action plans and the adequacy of actions to close the findings on a timely basis.
- Oversight through attendance of key segment or business unit meetings.
- Reporting
- Regulatory reports (management meetings, internal governance meetings, regulators): Co-ordination of submissions, consolidation to create group view, evaluation and assessment of segment feedback.
- Assurance
- Facilitation of assessments and evaluation of the adequacy and effectiveness of established controls.
- Logging, tracking and follow up of corrective actions to address deficiencies identified through assessments.
- Preparation of the high-risk themes for monitoring based on legislation, frameworks, policies, minimum standards and guidance notes.
- Other
- Any other ad hoc task or work requirement which may be allocated to the incumbent by the Group Head of Financial Crime Compliance or the Group Financial Crime Compliance Manager.

Customer
- Manage/direct/contribute, as appropriate, to engagement with regulators.
- Maintain effective working relationships across FirstRand’s financial crime centre of excellence including business unit compliance officers.

Qualifications and Experience
- Post-graduate degree or an honours degree in Commerce with specialisation preferences in Auditing or Risk Management or Compliance or Legal,
- At least 5 years relevant experience in compliance, risk management, internal or external audit, and
- Financial crime experience financial service industry will be beneficial.

We can be a match if you are:

- Ambitious and driven
- Have high-energy and is resilient to change and challenges
- Ability to be a strategic translator and drive operational excellence
- Ability to multi-task in a fast-paced environment and manage multiple projects/programs concurrently
- Excellent analytical, written, verbal, interpersonal, presentation and facilitation skills
- Strong planning, organisational and project management skills
- Collaborative and ethical
- should be trusted to manage highly sensitive information
- Demonstrated ability to effectively partner cross-functionally with stakeholders at all levels
- Adaptability to changing workforce trends, including hybrid work models
- Ability to translate complex data into compelling narratives that influence senior leadership and business strategies
- Agile mindset and responsible to quick delivery and turnaround
- Strives to continuously grow in technical and leadership ability

Job Details

24/01/25