Manager AML/CFT Supervision Department at FSCA South Africa

Purpose of the Job:

• To supervise and enforce compliance with the Financial Intelligence Centre Act by the Financial Institutions and ensure that any referrals relating to AML/CFT matters received from the Financial Intelligence Centre are appropriately dealt with within the FSCA. The person appointed to this position will report to the Departmental Head.

Key Performance Areas:

•  Manage a team of analysts that perform desk based and on-site supervision following a risk based supervisory approach;
•  Ensure that supervisory plans are managed and executed on time;
•  Manage onsite and offsite inspections and other supervisory activities in terms of the FIC Act;
•  Report on onsite and offsite inspections and other supervisory activities conducted;
•  Manage the investigation of all complaints relating to financial institutions;
•  Ensure that projects are properly planned, managed and executed on time;
•  Ensure implementation of policies, guidelines and procedures to support the risk-based supervision approach;
•  Monitor international trends and developments in the financial services industry to inform supervisory approach;
•  Engage with industry stakeholders on various AML/CFT supervisory matters;
•  Innovate new processes and procedures where a need is identified within the department to ensure optimum performance; and
•  Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff).

Requirements

• Bachelor’s degree in Commerce, Law or other relevant discipline with at least 5 years working experience within the financial services industry, 3 of which must be in a management level. A good knowledge of financial sector laws, supervision of compliance with the FIC Act and understanding of AML/CFT standards as set by FATF is required. The successful candidate must be able to display good planning, organisational and leadership skills.

Closing Date: 2 July 2024