FICA Compliance Officer at Broll

JOB DESCRIPTION:

• Tform part of Compliance Function in Risk and Compliance team. A compliance officer is an individual whensures that a company complies with its outside regulatory and legal requirements as well as internal policies and bylaws. Compliance officers have a duty ttheir employer twork with management and staff tidentify and manage regulatory risk.
• The Financial Intelligence Centre Act (FICA) requires accountable institutions, such as banks, attorneys and estate agents, tappoint a FICA compliance officer. The compliance officer is responsible for ensuring that the institution complies with FICA's requirements and for reporting any suspicious transactions tthe Financial Intelligence Centre (FIC).

REPORTING LINE:

• This role will report tthe Group Executive Policies and Procedures

KEY AREA OF RESPONSIBILITY

• Provide support tHead of FICA Compliance Officer and the wider Compliance team in the practical
• Implementation of the FIC Amendment Act requirements including relevant guidance notes and contribute towards maintaining a sound compliance culture in the group companies through the achievement of established compliance deliverables including the following:

FICA COMPLIANCE RELATED RESPONSIBILITIES:

• Work closely with FICA Compliance Manager and ensuring the adherence tthe Risk Management and Compliance Program, including providing assistance with FICA related queries from all staff members
• Ensuring compliance tall FICA process as per the FIC Act
• Manage all logged calls from the business with 48 hours
• Screening on Docfox or BPG approved screening software
• Reporting High Risk clients/Tenants tFICA Compliance Manager
• Approved high risk clients/tenants – FICA entities tbe captured on B# FICA Module
• All approved tenants/clients from Docfox (or BPG approved screening software) screening entities tbe created on B# within 24 hours
• All renewals tbe captured on Docfox (or BPG approved screening software)
• Maintaining a monthly register of all high risk tenants/clients
• Maintaining a monthly register of all PEPS
• Reporting cash transactions of over R 49 999.00 tFIC on the GoAML platform daily
• Printing of Cash reporting from B# tensure cash is reported daily and within 48 hours
• Prepare STR and SAR reports tthe FICA Compliance Manager
• Auditing of portfolios monthly (FICA COMPLIANCE %)
• Complete audit reports and capture the information on B# IScompliance fault centre
• Take-On of new portfolios- auditing and ensuring 100% compliancy with the 3-6 months remediation process
• Follow up on corrective actions from audits
• Follow up and respond tall FICA related queries and requests
• Monthly reporting on the progress of the audits tbe sent tthe FICA Compliance Manager
• Perform due diligence reviews and reporting on high risk tenants annually
• Record keeping- Customer Due Diligence documents, all FICA related documents or any client transaction that takes place- this is kept on B# on FICA module or the document centre

QUALIFICATIONS & SKILLS REQUIRED:

• FICA Certified
• Sound and in-depth understanding of FICA/ML/TF control regulations and FIC Guidance Notes
• Minimum 3 years FICA experience
• Compliance Monitoring Experience

PERSONAL ATTRIBUTES:

• Process driven and analytical;
• High level of attention tdetail;
• High degree of agility;
• Good planning and organisational skills;
• Ability tengage with stakeholders at various levels
• Ability tquery, challenge and maintain a high degree of professional scepticism;’
• Insight tmake relevant conclusions
• Excellent communication skills, both oral and written;
• Ability tperform in a demanding team
• Resilience
• Team player
• Integrity and confidential nature

COMPUTER SKILLS REQUIREMENT:

• Word
• Excel