Description:
Anti-Money Laundering Specialist, required for a 3-month fixed term contract located in Hyde Park should come from the banking sector and must have the following:
Degree in Business Commerce/Finance and Accounting/Legal ACAMS qualification beneficial 8 to 10 years- Extensive experience in AML/CFT policy drafting and monitoring experience with experience in an AML/CFT advisory role. Good working knowledge of the financial sector environment and procedures. In-depth knowledge and understanding of the legislative and regulatory requireReports To - Senior Manager, Group Financial Crime Compliance, AML Regulatory Risk Advisory and Oversight
To lead the Group’s Financial Crime Compliance, Anti-Money Laundering (AML) Regulatory Risk and Advisory area - enabling the smooth adoption of new compliance regulations across the Group's South African Operations whilst assisting the Chief Financial Crime Compliance Officer (CFCCO) by ensuring the Board of Directors and SA Operations are updated regularly with regards to required changes in AML and Combating the Financing of Terrorism (CFT) compliance
Risk, Regulatory, Prudential & Compliance
Circulate Group AML and CFT policy and provide general legal advisory support across Africa Regions, ensuring awareness of relevant legislative requirements and can interpret and comply with those requirements. Stay abreast of key regulatory updates to enable the CFCCO to meet the FIC Act section 42 obligations to SBG SA Operations and to promote AML/CFT risk management. Drive the implementation of the RMCP and monitor adherence to contribute to the assurance that the entire Group, across all the jurisdictions, is conducting business in a compliant manner Develop, maintain, and roll out relevant and appropriate (tailored per jurisdiction where required) awareness initiatives and training material, to enable the successful rollout and embedding of the AML/CFT framework across all the jurisdictions. Develop and interpret reports on RMCP breaches or risks identified as a result of monitoring/confirmation testing and escalate non-compliance or other appropriate matters to CFCCO to enable decision-making. Make key contributions towards the maintenance of the AML/CFT Risk Management and Compliance Programme (RMCP) by conducting research and analysis and staying abreast of new or amended legislation to align local AML/CFT requirements and international best practices, as applicable. Regularly engage with Operations stakeholders to provide subject matter expertise, input, and guidance on AML/CFT controls in respect of minimum standards, strategies, projects, plans, initiatives, reporting, and other relevant activities. Enable accurate and timely compliance reporting by drafting ...