Compliance & Risk Officer / Aml&kyc Specialist

Compliance & Risk Officer / AML&KYC Specialist - **Bureau de Change - **(Foreign Exchange)

**LOCATION**: Sandton, Gauteng

**COMMENCEMENT DATE**: IMMEDIATELY
- Permanent
- Full-time

**Reporting To**:
Reporting to Chief Executive Officer

**Purpose Of The Job**

The Compliance Officer is responsible for developing, implementing and enforcing the policies and procedures designed to minimize potential regulatory risks (including money laundering risks) and take responsibility for all reports, amendments, communication and compliance relating to SARB/FIC/FICA.

**Minimum Qualifications**:

- A relevant degree or NQF5 qualification
- A minimum of 5 years' full time experience in Foreign Exchange Operations
- Certification in South African AML and FICA requirements
- SARB APPROVAL
- RE1 - Key Individual

**Minimum Requirements**:

- 7-10 years working experience as a Compliance Officer in Foreign Exchange & Money Transfer
- Knowledge of SARB: Go AML/FIC Act/FICA/KYC
- Knowledge of SARB: CFT: Combating Financing Terrorism
- Highly Experienced in risk management of clients and staff
- Highly Experienced in monitoring compliance with the Exchange Control Rulings
- Highly experienced in reporting: Sections 28, 28A, 29 (STR & SAR) & 32 of the FIC Act
- Highly Experienced in Foreign Exchange and Money Transfer Software
- Language(s): English
- Driver's license: B ,EB
- Availability for travel: Local
- Extensive knowledge of POPI Act

**Key Performance** **Indicators**
- Well versed in AML, CFT, Fraud Prevention and Exchange Controlregulations and rulings
- Regulations are followed by all employees as set out in the Internal Rules document
- Proper recordkeeping as mandated by local regulations and contractual undertakings
- Effectiveness and monitoring of the Internal rules
- Ensure employees are trained and tested on a regular basis

**Key Job Functions**
- Forming and performing an efficient and effective Regulatory Risk & Compliance functio**n** which contributes to the company’s growth and strategy realization.
- Developing and integrating a risk based approach across all services (including customer and branch profiles)
- Implementing a risk-based monitoring program to monitor and manage regulatory requirements over the short, medium and long-term (RMCP)
- Defining and rating the company’s regulatory risk universe and map
- Conducting monitoring according to the monitoring program which must include Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) requirements
- Ensure compliance with the FIC Act and all other relevant legislation
- Monitoring to ensure that there is continuous compliance with the Exchange Control Rulings
- Correct and timely reporting per Regulatory requirements
- Reports to be filed as per Sections 28, 28A, 29 (STR & SAR) & 32 the FIC Act)
- Developing and maintaining relationships with the Regulator and industry bodies
- Monitoring the regulatory environment to identify new applicable regulatory requirements and amendments to existing requirements
- Ensure risks are mitigated and reported by managing exchange control risks in consultation with compliance and risk offers.
- Provide guidance in the completion of subsidiary compliance risk monitoring programs.
- Provide advice and/or input to internal stakeholders on possible contraventions of compliance risks through early detection.
- Completion of subsidiary compliance risk monitoring programs
- Advising and consulting with business on regulatory developments and on the regulatory implications of non-compliance
- Ensuring that the Internal Rules document is kept up to date and is a “live” ongoing document
- Providing ongoing employee training and assessment to ensure compliance with Internal Rules
- Promoting and maintaining a compliance culture within Forex World through awareness campaigns and training programs
- All employee transactions are monitored
- Fraud Prevention
- Employee training and advising

**Key Qualities**
- Ability to integrate information with processes
- Communication skills (verbal, written, numeric)
- Accountable
- Professional
- Trustworthy