Senior Compliance Officer (CMU) at Financial Intelligence Centre (FIC)

JOB PURPOSE:

• Provide guidance and direction on complex financial services and related matters for the Anti-Money Laundering Compliance Programme in the Compliance and Prevention Division of the Financial Intelligence Centre.

KEY PERFORMANCE AREAS:

•     Provide expertise and forward-thinking compliance direction and advice in anti-money laundering compliance regarding regulated financial institutions, persons and sectors under the Financial Intelligence Centre Act, 2001 (FIC Act).
•     Consider and report on possible strategic prevention initiatives and responses in assigned regulated sectors.
•     Ensure quality of solutions provided by team members, consider possible new solutions for, and solve queries related to complex compliance matters, within the compliance framework;
•     Lead and conduct compliance reviews for sector clusters.
•     Identify short falls and make recommendations on improving compliance oversight of supervisory bodies.
•     Review the work of the team, allocate work  (ACOs and COs) and provide guidance and monitoring.
•     Recommend areas for compliance research.
•     Build, manage and maintain professional relationships with assigned supervisory bodies, regulated institutions and other parties affected by FIC Act.
•     Assist with the inspections when required, including the follow up of remedial actions.
•     Assist with compliance awareness initiatives including presentations.
•     Assist with industry sector risk assessments, including analysing responses, drafting and reviewing resultant reports.
•     Adhere to administration and record management policies/procedures within the FIC
•     Conduct risk-based analyses by developing analytical models and utilising relevant programs to enable risk-orientated decisions making.
•     Deliver holistic compliance monitoring by performing qualitative and quantitative research and reporting to rationalise actions taken regarding compliance-related matters. 
•     Champion the upskilling of the team by educating team members on data management and analytics technical aspects in order to drive a high-performance culture.
•     Data Quality – Promotes adherence to appropriate quality management methods and techniques to uphold data quality standards.
•     Insights and Reporting – Performs standard data reporting activities, by following established insights and reports procedures.
•     Data Science and Tools – Interprets an existing script of elementary to moderate complexity and utilises beginner to intermediate programming skills, in using at least one mainstream Commercial and Open-Source Data Science / Analytics software tool.
•     Data Requirements Identification – Defines and manages scoping, requirements definition and prioritisation activities for small-scale data changes and assists with more complex change initiatives.

EDUCATION, SKILLS AND EXPERIENCE:

•     Relevant University Degree (LLB, BCOM and Information Systems) 
•     Post graduate Compliance Management qualification is preferred
•     Certified Anti-Money Laundering Specialist (CAMS) certification is preferred
•     At least six years' experience in a relevant field i.e., in the application of compliance/risk methodologies, of which four years must be practical experience in the AML/CTFT environment.
•     Data Governance, Compliance and Ethics – Possesses sound knowledge of relevant legislation, ethics-compliance principles, and governance policies.
•     Data Literacy – Possesses emerging competency and fluency with regard to speaking, writing and engaging in data and analytics programs and use cases.
•     Change management skills.
•     Ability to conduct simple programming/ understanding script writing
•     Excellent communication skills (oral and written)
•     Understanding of financial services institutions and sectors under the FIC Act including, but not limited to, banks, credit providers, money remitters, collective investment scheme managers, long-term insurers, financial services providers and JSE members;
•     Understanding of designated non-financial businesses and professions under the FIC Act including, but not limited to, trust service providers, attorneys, estate agents, gambling institutions and dealers in high value goods;
•     Knowledge and understanding of the Financial Intelligence Centre Act and supported legislation
•     An intermediate to advanced level of computer literacy, including MS Word, MS Access, MS Project; MS Excel, MS Power Point
•     Knowledge and understanding of international money laundering and terrorist financing control measures
•     Good presentation skills