Money Laundering Control Officer at Excellerate JHI

Main responsibilities:

• Responsible to ensure compliance with FICA and any other relevant AML legislation
• Demonstrate understanding of the CDD/AML procedures at all times ensuring that high risk matters receive the appropriate level of attention, escalation and sign-off.
• Reviews and updates the AML policy on an annual basis and ensures its adoption by the board of directors.
• Develops, documents, maintains and implements the RMCP, which includes all supporting policies, proce-dures and processes including, but not limited to, those pertaining to:
• Client Due Diligence (“CDD”);
• Record Keeping;
• Reporting Duties and Access to Information;
• The implementation of a RBA
• The Registration of an AI; and
• Training of Employees.
• Ensures that the RMCP is updated on an annual basis or when a significant event occurs and is adopted by the board of directors.
• Accountable for the identification and management of regulatory and compliance risks associated with ML, TF and sanctions.
• Responsible to report all ML, TF and sanctions risks, issues and related matters to the relevant governance committees.
• Monthly submission of Management Information (“MI”) to the relevant governance committees.
• Performing a ML, TF and sanctions risk assessment at least annually, or when a significant event occurs (whichever is sooner).
• Responsible for escalating and reporting relevant ML, CFT and sanctions risks, issues and related matters to the JHI board of directors and/or other relevant board committees.
• Accountable for ensuring adherence to all reporting duties in terms of Section 28, Section 28A and Section 29 of FICA.
• Review and provide sign-off on suspicious and unusual activity reports, in terms of Section 29 of FICA.
• Review and provide sign-off on valid TPR’s, in terms of Section 28A of FICA.
• Conduct quarterly reviews and submit report of findings to AML Manager. Conduct follow-up reviews to ensure that findings are rectified.
• Responsible for ensuring that AML, CFT and sanctions training is implemented and conducted at on-boarding and on an annual basis.
• Provides annual AML, CFT and sanctions trainings to the board of directors.
• Responsible for the management and maintenance of all AML, CFT and sanctions systems.
• Provides advice, support and guidance to the Compliance Manager, Compliance Shared Services and busi-ness on any AML, CFT and sanctions matters.
• Responsible to maintain minimum standards for sanctions and Politically Exposed Person (“PEP”) screening.
• Acts as a liaison between JHI and the regulators i.e. EAAB and the FIC.
• Responsible to maintain and update JHI’s details on the GoAML platform annually.
• Responsible to engage with the regulator, supervisory bodies, internal audit and external audit on any AML CFT and Sanctions related reviews/audits or investigations performed involving JHI.
• Escalate significant AML, CFT and sanctions matters or breaches to the EXCO in exceptional circumstance.
• Provide guidance with client take on in the event that the client is an AI.
• Plan and execute all remediation projects within specified timelines

Education / Experience

• 5–7-years’ experience
• Matric
• Bachelor’s Degree
• ACAMS (preferable)
• Money Laundering Certificate (Preferable)

Skills required

• Attention to detail, Report Writing, Computer literacy (Microsoft Office), Company policies and procedures, Training skills, Communication, Systematic, Legal skills
• Knowledge required:
• Group Systems and Procedures, FICA Compliance management and legal knowledge
• Competencies required:
• Essential: Communication, Assurance & Quality focus, Methodical, Tolerance for stress, Initiative,
• Self-confidence.
• Recommended: Impact and influence, Teamwork and co-operation, Accuracy, Problem solving

Interface / relationships with:

• Internal: Executives, AML Compliance Manager, FICA Compliance team Lease Administrators. Portfolio Man-agers
• External: Financial Intelligence Centre, DocFox, EAAB, Accountable Institution Compliance teams, clients