OMF Money Laundering Reporting Officer at Old Mutual

Job Description

• Matric/ Grade 12
• A suitable legal or commerce qualification, advantageous
• Certificate in Anti Money Laundering, advantageous
• Working knowledge of the following legislation, advantageous: Financial Intelligence Centre Amendment Act, Protection of Constitutional Democracy and Terrorist and Related activities Act, Prevention of Organized Crime Act and related regulations
• 3-5 years financial industry experience - specifically relating to the operations and products of an Insurer, Unit Trust Services Provider or Linked Investment Service Providers
• Knowledge of Old Mutual systems and platforms, advantageous

Personal Effectiveness

• Ability to handle a constantly changing legislative environment
• Excellent inter-personal skills, including influencing skills
• Ability to collaborate effectively with others to achieve personal and team results
• Good business acumen and insight
• A self-starter, with the ability to show initiative and work with minimal guidance
• Capacity to work under pressure and meet deadlines
• Solution-driven, passionate and energetic
• Possesses a strong sense of ownership and initiative as well as a proactive mind-set

Skills:

• Accountable, Deadline Management, Interpersonal Communication, Proactive Approach, Stress Management, Taking Initiative, Teamwork
• The role is responsible for all AML related investigations which and assessing results, to understand whether the investigations can form part of regulatory reporting to the Financial Intelligence Centre.
• Assisting the AML Officers to establish and embed a culture of compliance with AML requirements across Old Mutual Finance (OMF).
• Assisting the AML Officer in the development, implementation and maintenance of compliance risk management and monitoring plans for OMSA, specific to AML.
• Assisting with the development and implementation of effective mitigating actions around key AML risks identified.
• Acting as the Money Laundering Reporting Officer for the South African registered Accountable Institutions.
• Investigations of:
• Reportable cash transaction (CTR and CTRA) generated through the monitoring system and/or reported by business;
• Suspicious and unusual transactions and activity (STR and STRA) reported by the business and or generated through the monitoring system; and
• Results generated through the screening process iro sanctions, Domestic Prominent Influential Persons (DPIP), Foreign Prominent Public Officials (FPPO) and/or Politically Exposed Persons (PEP).
• Ensuring that all Cash Transaction Reports, Suspicious Transaction Reports and Terrorist Property Reports (in terms of FICA) are submitted timeously to the Financial Intelligence Centre (FIC).
• Ensuring that all S27, S32 and S34 enquiries received from the FIC and/or any other authorized agencies are attended to timeously.
• Assisting with collation of information across OMF in order to build and maintain an AML compliance program.
• Assisting with stakeholder engagement in respect of identified risks resulting from control failures and ensure effective remediation action is taken.
• Ensuring that information is collated, analysed and prepared for the various stakeholders within the required timelines.
• Ensuring effective and timeous reporting in respect of AML regulatory requirements, risks identified and overall compliance of the various OMSA Accountable Institutions (AI’s) to various stakeholders within the organization.
• Ensuring all RMCP requirements are implemented into the AML Office through new or enhanced processes, automated rules and Standard Operating Procedures are updated and MLROs trained accordingly.

Competencies

Education

• Matriculation Certificate (Matric)  (Required)

Closing Date

• 20 January 2025 , 23:59