AML Compliance Officer (JHB Hybrid) at Datafin Recruitment

ENVIRONMENT:

• OUR client, a fast-growing digital banking platform redefining traditional banking through innovative, technology-driven solutions, is seeking a highly meticulous AML Compliance Officer to join its team.
• You will assist with framework design, help analyse suspicious and unusual transactions while monitoring compliance with the RMCP and implemented AML controls.
• The ideal candidate will have a Degree/Diploma in Compliance or Risk Management with a minimum of 3-5 years spent in an AML / Compliance environment in the financial industry [FinTech, Insurance, Banking) with an in-depth understanding of AML legislation, specifically the FIC Act (preferably also POCA, PRECCA and POCDATARA).

DUTIES:

Assist with framework design –

• Provide feedback to HoC on changes / additions required to the RMCP.
• Assist MLCO and HoC with formulating Annual AML Compliance Monitoring Plan for the bank and its alliance partners.
• Assist in identifying weaknesses in processes and controls designed to ensure compliance; and provide guidance on how these can be improved.

Operational implementation –

• Ensure / Facilitate implementation of the RMCP, including processes and practices.
• Work with (guide) the AML Operations / Investigations team in analysing suspicious and unusual transactions.
• Approve / decline reports to the Regulator (done along with the MLCO).
• Assist with preparing and manging responses to various types of regulatory requests.

Monitoring –

• Monitor compliance to the RMCP and implemented AML controls – across the bank and its alliance partners.
• Ensure identified AML risks are monitored, reported, and escalated to the relevant persons and/or Committees, and that corrective actions are implemented to remediate the issues.
• Compile monitoring reports for the Risk and Compliance Committees as well as the Board Committee.

REQUIREMENTS:

Qualifications –

Although strong AML work experience with a combination of other relevant compliance qualifications will be considered, the below is preferred.

• Tertiary qualification (Degree or Diploma) in Compliance or Risk Management.
• Compliance / AML Certificate e.g. Certified AML Specialist (CAMS) Certification is advantageous.

Experience/Skills –

• At least 3-5 years spent in an AML / Compliance environment in the financial industry [FinTech, Insurance, Banking – Audit firms as a lower priority].
• In-depth understanding of AML legislation, specifically the FIC Act (preferably also POCA, PRECCA and POCDATARA)
• Typical AML controls to implement to ensure compliance.
• The importance and consequences of non-compliance with legislation.
• Understanding the AML Compliance Monitoring process.

ATTRIBUTES:

• Attention to detail, a non-negotiable.
• Ability to work in a fast-moving, semi-structured, create-as-you-go environment.
• Able to work flexibly across various businesses with differing cultures (because bank plus alliance partners).
• Writing skills (for reports).
• High energy, and willingness to perform above expectations.
• Eager to learn and develop.
• Relationship Management within the bank and its alliance partners, and (when more senior) also with the relevant Regulators.