AML & Risk Team Leader - Umhlanga at Hollywoodbets

You bring:

• Computer Literate.
• 2 - 4 years' experience in a supervisory and/or anti-money laundering/FIC role.

A bonus to have:

• Completed or studying towards a Diploma/Degree, majoring in risk management or accounting.
• Anti-money laundering, compliance, or anti-fraud professional membership or qualification.
• Valid Driver’s License.

What You’ll Do For The Brand:

Financial Metrics/Operational Duties:

• Monitor and review risk grading, transactional monitoring and betting risk.
• Assist with risk assessment, audit review, monitoring & managing compliance within the business.
• Identify gaps or opportunities for improvement in AML policies, procedures and processes.
• Develop risk mitigation strategies including applicable internal controls.
• Thoroughly and timely reviewing reports and other investigative leads that potentially identify suspicious activity.
• Look after records of high-risk clients and report suspicious activities, if any.
• Contribute to training and development of the team.
• Meet all regulatory requirements and recommendations for anti-money laundering compliance.
• Lead teams to monitor, investigate and advice concerned parties by establishing clear accountabilities, roles and responsibilities to manage money laundering risk.
• Oversee and implement an ongoing AML training program for other employees.
• Monitor and scrutinize all betting risk reports to identify possible fraud.
• Investigate any possible fraud and conclude accordingly.
• Remain up to date with all the betting software updates and related risks.
• Monitor and audit event creation, pricing and results.
• Assist with operational procedure enhancement across all betting functions.
• Remain completely independent and adhere to the confidentiality of the role.

People:

• Build effective and efficient teams that are committed to organizational goals and initiatives.
• Effective leadership of the team – ability to create a compelling vision, demonstrate flexibility in approach and motivating of team members.
• Creation, approval and maintenance of roles and job descriptions and KPIs/KPAs.
• Performance management of team members.
• Enforce ethical, honest, transparent, fair work environment.
• Approve and identify training as and when needed for team members.
• Formal setting up of individual team member meetings (Initial meeting to layout the KPIs/KPAs, quarterly tracking meeting, half year review and year-end review).
• Adequate recognition of team member efforts and motivation of team members.
• Talent retention (through role creation, career path planning).
• Succession planning.
• Sustainable morale and team building.
• Ethics and fraud workshops.
• Recruitment and related interviews.
• Induction and comfort of new team members.
• Appropriate and fair leave planning.
• Monitor sick leave.
• Approval of leave, bio time, phone usage.
• Implement HR initiatives.
• Monitor team member productivity, punctuality, breaks and smoke breaks etc.
• Approve and monitor overtime.
• Promotion of a healthy and fair work environment.

Compliance, risk and quality:

• Legal agreements in place with all suppliers (where applicable).
• Create, maintain and enforce company policies and procedures.
• 100% compliance with health and safety regulations (where applicable).
• Compliance with relevant laws, regulations and affiliated professional standards.
• Regular risk assessments and maintenance of the risk register for the Internal Audit Function itself.
• Intense focus on quality with regards to communication, capturing, documentation etc.
• Maintenance of Internal Audit’s own department process write-ups/ system descriptions and quarterly updating.
• Ensure logical saving of all work, templates, etc. monthly and yearly such that each year’s financial records can stand on its own when enquiries/ investigations/audits take place.
• Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work/templates/workbooks/financial models/recons/audits - of which is substantiated by facts with no numbers in the formulas.
• Ensure the above (final version) and other documents are chronologically saved/backed up.
• summarize the detailed daily findings on the designated software or relevant workbook and submit a daily report to the Group Internal control accountant and Finance executive.
• Effectively deal with internal, external, SARS, BEE and any other auditor/regulatory/oversight body in the normal course of business.
• Report suspicious behavior and fraud findings immediately.
• Promote declaration of all gifts.
• Promote non acceptance of kickbacks. Instances to be reported immediately.
• Promote declaration all conflicts of interest upfront.
• Promote a culture of confidentiality within the business with regards to the protection of personal information.
• Promote a culture of compliance with FICA and AML regulations with regards to reporting of suspicious transactions.
• Promote the Code of Ethics (Integrity, Objectivity, Confidentiality and Competence).
• Ensure all personal information of employees, customers and suppliers and other stakeholders is not shared and is maintained in a secure environment.
• Stay abreast with changes in the relevant industry and changes to relevant Acts/Regulations.

Growth and new markets/products:

• Key supplier relationship management.
• Source new products/innovations/robotics/artificial intelligence/predictive analysis/predictive analytics.
• Develop existing products/software.
• Ensure that measures are put in place and steps are taken to achieve short term, medium term, long term goals of the broader group.
• Assist with company projects or lead company projects as allocated from time to time.