Junior AML Manager X1 at Hollywoodbets

Job Description

• Hollywoodbets has exciting opportunities available for X1 Junior AML Manager to be based at Umhlanga, Durban. This position will form part of the AML/Compliance function providing specialist support to the AML team in terms of applicable legislation, primarily but not limited to the FIC Act, and to perform monitoring activities towards providing independent, objective, reliable and timely assurance over the effectiveness of the AML/compliance controls implemented in the business.

Minimum Requirements:

• Completed degree/bachelor’s degree, majoring in law/Legal/Audit.
• Sound and in-depth understanding of the FICA, ML/TF Control regulations and FIC guidance notes.
• Computer literate.
• 3 - 4 years legal/audit experience.

Advantageous:

• 2-3 administrative experience.
• Valid driver’s license.

Key Responsibilities:

Financial Metrics/Operational Duties:

AML/FICA Compliance

• Work closely with the Group FICA Compliance Manager and provide contribution into the embedment of the Risk Management and Compliance Program requirements in the business and help with FICA related queries from internal staff.
• Establish and enhance the processes in support of the Risk Management and Compliance Program (“RMCP”).
• Contribute to the implementation of new and updated regulatory requirements.
• Perform enhanced due diligence reviews and reporting.
• Input into entity due diligence questionnaires: Complete AML questionnaires in relation to external parties.
• Provide input into technology development for enhanced compliance, and compliance controls.
• Contribute to the review and update of applicable policies and the RMCP.
• Provide input into FICA-related projects.
• Prepare and deliver relevant training.
• STR and SAR reporting preparation and submission.
• Ability to identify and escalate sensitive issues with discretion
• Manage team performance in achievement of business objectives
• Assist with preparation and relevant submissions for regulatory inspections and on-site reviews.
• Monthly and quarterly reporting.
   

Reviewing and Reporting

• Perform ongoing monitoring reviews across the Group’s entities (accountable institutions).
• Work with business units to agree on findings, ratings and remedial action required.
• Produce finalized reports for all monitoring reviews conducted and ensure that all monitoring reports are appropriate and include supporting evidence and/or documents;
• Follow up on recommended corrective actions, any outstanding monitoring issues and management actions.
• Perform assurance reviews for findings where actions closure has been confirmed;
• Prepare follow-up progress reports;
• Ensure that all reports are saved appropriately.

Legal

• Provide legal opinions for AML related matters.
• Assist with drafting, reviewing and maintaining policies and procedures.
• Coordinate the revision and updates of policies.
• Ensure that all processes, activities related to legislations are executed and compiled with.
• Maintain a record of the status of all policies.
   

People

• Comfort new team members.
• Promote a healthy and fair work environment.
• Adhere to the principles of an ethical, honest, transparent, fair work environment.
• Performance must be tracked by yourself, and the onus is placed on you to set-up performance review meetings with manager.
• Communicate in a professional manner.

 Compliance, risk, and quality

• Create, maintain, and enforce company policies and procedures.
• Compliance with Risk Management Framework.
• Compliance with relevant laws, regulations, and affiliated professional standards.
• 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 Senior and Group Internal Audit Manager.
• 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 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 updated with changes in the relevant industry and changes to relevant Acts/Regulations.

Growth and new markets/products

• Source new products/innovations/robotics/artificial intelligence/predictive analysis/predictive analytics.
• Development of 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.

 Skills

• Analytical mindset and posse’s leadership qualities.
• Good communication and people management skills.
• Able to manage multiple engagements and deadlines.
• Strong drive to excel professionally and ability to guide and motivate team members.
• Strong written and verbal command of English.
• Establish, maintain and strengthen internal and external relationships.
• Works under limited supervision with moderate latitude for initiative and independent judgment under the direction of more experienced internal auditor.