Group Financial Crime Risk Manager (Parktown) at Rand Mutual - RMA

THE JOB AT A GLANCE

• To lead the group’s investment and financial risk management function, developing and implementing robust frameworks to identify, measure, monitor, and manage market, credit, liquidity, and asset-liability risks while ensuring alignment with the group’s risk appetite and regulatory requirements. 

WHAT WILL YOU DO?

 Financial Crime Framework Development

• Design and implement a comprehensive financial crime risk management framework aligned with FIC Act requirements and international standards
• Develop detailed policies and procedures covering AML, CTF, fraud, anti-bribery and corruption, and sanctions compliance
• Create a financial crime governance structure with clear roles, responsibilities, and reporting lines
• Establish risk-based approaches for financial crime prevention tailored to different business units
• Implement financial crime risk assessment methodologies covering inherent risk, control effectiveness, and residual risk
• Design financial crime risk appetite statements with appropriate metrics and thresholds
• Develop customer and transaction risk rating methodologies
• Create procedures for politically exposed person (PEP) identification and enhanced due diligence
• Implement frameworks for assessing financial crime risks in new products and services
• Design methodologies for financial crime risk monitoring at portfolio and transaction levels
• Develop protocols for independent testing of financial crime controls
• Create frameworks for integration of financial crime risk into enterprise risk management
• Implement methodologies for emerging financial crime risk identification
• Design approaches for financial crime data governance and quality management
• Develop frameworks for financial crime management information and reporting
• Establish protocols for regulatory engagement on financial crime matters

Risk Assessment and Monitoring

• Design and implement comprehensive methodologies for financial crime risk assessment
• Develop detailed approaches for inherent risk identification across various financial crime typologies
• Create risk scoring models for customer risk classification with dynamic adjustment capabilities
• Implement transaction monitoring scenarios and thresholds based on customer risk profiles
• Establish procedures for regular recalibration of monitoring scenarios and thresholds
• Design rule-based and artificial intelligence approaches for anomaly detection
• Develop methodologies for identifying complex financial crime patterns across multiple systems
• Create frameworks for real-time and post-transaction monitoring
• Implement approaches for monitoring high-risk customers, products, and channels
• Design methodologies for sanctions screening including list management and screening algorithms
• Develop procedures for assessing effectiveness of monitoring systems
• Create frameworks for quality assurance of alert investigation processes
• Implement methodologies for trend analysis of financial crime patterns
• Design approaches for integrating external intelligence into monitoring systems
• Develop frameworks for periodic review of high-risk relationships
• Establish protocols for technology evaluation and selection for monitoring solutions

Regulatory Compliance and Reporting

• Design comprehensive frameworks for financial crime regulatory compliance
• Develop detailed methodologies for regulatory requirement interpretation and implementation
• Create compliance monitoring programs specific to financial crime regulations
• Implement procedures for regulatory report preparation (STRs, TPRs, etc.) with quality control measures
• Establish protocols for timely submission of regulatory reports
• Design approaches for managing regulatory examinations and inspections
• Develop methodologies for addressing regulatory findings and recommendations
• Create frameworks for tracking regulatory changes affecting financial crime compliance
• Implement approaches for conducting impact assessments of regulatory changes
• Design methodologies for demonstrating effectiveness of financial crime programs to regulators
• Develop procedures for managing information requests from regulators and law enforcement
• Create frameworks for regulatory relationship management with financial crime authorities
• Implement approaches for industry benchmarking on regulatory compliance
• Design methodologies for preparing board and committee reports on regulatory matters
• Develop frameworks for attestation on regulatory compliance
• Establish protocols for crisis management during regulatory interventions

Investigation and Remediation

• Design comprehensive frameworks for financial crime investigations
• Develop detailed investigation procedures for different financial crime typologies
• Create case management systems with appropriate workflow and documentation
• Implement standardized methodologies for alert triage and prioritization
• Establish protocols for escalation of significant cases
• Design approaches for evidence gathering and preservation
• Develop procedures for conducting complex financial investigations
• Create frameworks for coordination with law enforcement and regulators
• Implement methodologies for quantifying financial and reputational impacts
• Design root cause analysis approaches for identified financial crime issues
• Develop procedures for remediation planning and tracking
• Create frameworks for applying lessons learned to control enhancements
• Implement methodologies for trend analysis of investigation outcomes
• Design approaches for managing confidentiality in investigations
• Develop frameworks for managing external investigation resources
• Establish protocols for investigation quality assurance and review

Awareness and Training

• Design comprehensive financial crime awareness and training programs
• Develop role-based training curricula for different organizational levels
• Create methodologies for assessing training needs and effectiveness
• Implement mechanisms for tracking training completion and comprehension
• Establish procedures for board and senior management education
• Design approaches for integrating financial crime awareness into organizational culture
• Develop frameworks for communicating emerging financial crime trends
• Create methodologies for measuring financial crime risk culture
• Implement strategies for promoting reporting of suspicious activities
• Design approaches for knowledge sharing across the organization
• Develop procedures for creating targeted awareness campaigns
• Create frameworks for leveraging technology in training delivery
• Implement methodologies for competency assessment and certification
• Design approaches for continuous reinforcement of key messages
• Develop strategies for recognizing exemplary financial crime risk management
• Establish protocols for measuring awareness program effectiveness

WHAT YOU'LL BRING TO THE TABLE?

• Degree in Law, Criminology, Finance or related field
• Postgraduate qualification
• Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)
• Compliance Institute of Southern Africa membership
• 8-10 years’ experience in financial crime, fraud, or related functions
• 5 years’ management experience in financial services
• Experience with South African financial crime regulatory framework
• Experience with financial crime investigation or enforcement
• In-depth knowledge of FIC Act and related regulations
• Comprehensive understanding of financial crime typologies
• Knowledge of South African legal and regulatory environment
• Understanding of financial services products and processes
• Advanced analytical and investigation skills
• Strong project management capabilities
• Excellent stakeholder management abilities
• Superior written and verbal communication skills
• Strong influencing and negotiation skills