Anti-Money Laundering Compliance Officer

6 months ago

Cape Town, South Africa Old Mutual Full time

Description

This exciting and challenging opportunity exists within Central Anti-Money Laundering (AML) Office for someone who is passionate about AML and Compliance. This role focuses on the responsibilities outlined in section 42 of the Financial Intelligence Centre Act No 38 of 2001, as amended.

Key Result Areas

Assisting the Senior AML Compliance Officers to establish and embed a culture of compliance with AML requirements across Old Mutual South Africa (OMSA).

Assisting the Senior AML Compliance Officers in the development, implementation and maintenance of compliance risk management and monitoring plans for OMSA, specific to AML.

Assisting with the development and implementation of effective mitigating actions around key AML risks identified.

Monitoring in accordance with the Annual AML Compliance Monitoring Plan in respect of:

Reportable cash transaction (CTR and CTRA) generated through the monitoring system and/or reported by business;

Suspicious and unusual transactions and activity (STR and STRA) reported by the business and or generated through the monitoring system;

Results generated through the screening process iro sanctions, Domestic Prominent Influential Persons (DPIP), Foreign Prominent Public Officials (FPPO) and/or Politically Exposed Persons (PEP);

S27, S32 and S34 enquiries received from the FIC and/or any other authorized agencies are attended to timeously; and

Bank Account Attestations on the Bank Account Management System are completed timeously.

Oversee and assist with collation of information across OMSA in order to build and maintain an AML compliance program.

Oversee and assist with stakeholder engagement in respect of identified risks resulting from control failures and ensure effective remediation action is taken.

Oversee and assist in ensuring that information is collated, analysed and prepared for the various stakeholders within the required timelines.

Ensuring effective and timeous reporting in respect of AML regulatory requirements, risks identified and overall compliance of the various OMSA, Accountable Institutions (AI’s) to various stakeholders within the organization.

Addressing RMCP queries timeously from inter alia, the Entity Centre of Excellence, CC Compliance, business segments.

Managing the AML Mailbox.

Maintaining the AML Office registers including the SMC register, AI register, Waivers and dispensations register.

Assisting the Senior AML Compliance Officer with rolling out of AML Training including, tracking of training statistics; and

Loading legislative changes or new legislation onto CURA.

Requirements:

Qualifications

Matric/ Grade 12

Degree in Compliance, Legal, Commerce and/or Risk Management

Certificate in Anti Money Laundering and Compliance Management, advantageous

Experience

Good knowledge of the following legislation, essential: Financial Intelligence Centre Amendment Act, Protection of Constitutional Democracy and Terrorist and Related activities Act, Prevention of Organized Crime Act and related regulations

3-5 years’ experience in compliance and/or AML within the financial industry essential - specifically relating to products of an Insurer, Unit Trust Services Provider or Linked Investment Service Provider, or Consulting Firm

Key behavioural skills and attributes that would make a candidate successful in this role:

Ability to deal with complex compliance related queries from the various segments within the organisation.

 Ability to handle a constantly changing legislative environment

Excellent inter-personal skills, including influencing skills

Ability to collaborate effectively with others to achieve personal and team results

Good business acumen and insight

A self-starter, with the ability to show initiative and work with minimal guidance

Capacity to work under pressure and meet deadlines

Solution-driven, passionate and energetic

Possesses a strong sense of ownership and initiative as well as a proactive mind-set

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question

Skills

Education

Bachelor of Commerce (BCom): Compliance, Bachelor of Commerce (BCom) (Required)

Closing Date

14 June 2024

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