Senior Operations Manager: Governance, Operations, Risk, and Prevention at Financial Intelligence Centre (FIC)

KEY PERFORMANCE AREAS
TECHNICAL COMPETENCIES
Strategic Alignment

• Lead the Division in adjusting to future strategic objectives to accommodate changes in theFIC’s operational environment pertaining to the C&P Division.

Managing Delivery

• Lead the Division on Governance, Operations (including Operational Planning) and Reporting, Risk Management and Preventative Measures.
• Manage all operations aimed at preventative measure within the Data Systems and Reporting Unit and Guidance and Outreach Unit, to ensure that the Division achieves its deliverables, including the following:

Data Systems and Reporting Unit 

• Proactively lead and oversee Data Systems and Reporting Unit to enhance the risk-based preventative outputs contained in the risk sensitive assessment and analytical tools, such as the RCAA and RCR tools, CMAS, and facilitate the development, application and enhancement of risk sensitive auditing methodology for monitoring reporting and data systems, including audit processes and procedures related to systems and application controls.
• Actively lead and oversee Data Systems and Reporting Unit to identify enhancements to improve FIC registration and reporting systems, on the goAML platform,
• Keep RCAA and RCR analytical tools in the Division up to date and make enhancements as may be required.

Guidance and Outreach Unit

• Proactively lead and oversee Guidance and Prevention Outreach Unit in engagements with relevant stakeholders and the general public through risk-based preventative outputs directed to enhancing compliance awareness of money laundering and terrorist financing, and the methods and procedures to detect, counter and deter them.
• Actively lead and oversee, and provide legal direction to, the Guidance and Prevention Outreach Unit in the identification, consultation and issuance of guidance and directives, awareness topics and issues, provides and conducts general and targeted outreach, including training awareness for accountable institution sectors, by webinar and virtual engagements, in a risk-based preventative manner.
• Conduct risk-based preventative outputs through training and awareness to internal (in house programs) and external stakeholders (supervisory bodies and regulated institutions).
• Support Effective Risk Based Supervision of the Risk and Compliance Monitoring, Inspections and Remediation, and Enforcement Units
• Provide support to the SOM Monitoring, Inspections and Enforcement, as required, in respect of the resourcing, oversight and functioning of the:Risk & Compliance Monitoring Unit in its stakeholder management relations with Supervisory Bodies, regulated institutions and relevant stakeholders in the Financial Services, Banking Services and Non-Financial sector on registration, reporting, and general compliance and supervision matters related to anti-money laundering (AML) and combatting the financing of terrorism (CFT) and counter proliferation financing (CPF) in accordance with the Financial Intelligence Centre Act, as amended (FIC Act), including targeted financial sanctions relating to TF and PF. Builds and maintains professional relationships with relevant stakeholders, including regulated institutions, on AML/CFT compliance matters.
• The Inspections and Enforcement Unit, through risk sensitive inspections of accountable institutions are conducted in terms of the FIC Act, and in alignment with FATF requirements. Guide and advise supervisory bodies on their risk-based supervision including inspection, remediation and enforcement obligations in terms of the FIC Act, in order to implement and monitor effective remedial actions and to issue effective, proportionate, and dissuasive financial sanctions. Oversee the Enforcement Unit responsible for the prompt, timely and adequate oversight of all remediation of inspection findings by affected accountable institutions in terms of the FIC Act, and in alignment with FATF requirements. Ensure that the efficient enforcement action is taken against affected accountable institutions in a timely manner for non-compliance with the FIC Act. Operationalize and enhance the inspectorate and enforcement methodologies and frameworks, in accordance with FIC Act, and in alignment with FATF requirements.

EDUCATION, SKILLS AND EXPERIENCE
Education

• Degree in Law (LLB,, BProc or higher Law Degree ) is required.
• Postgraduate qualification in Risk and/or Compliance management will be advantageous.
• CAMS certification would be desirable
• A management qualification will be advantageous (MDP, BBA or MBA)Experience

Experience

• Minimum of 10 years of proven management experience.
• Minimum of 10 years high level technical experience in leadership pertaining to AML/CTF/CPF compliance and /or risk management.
• Minimum of 8 years’ experience in AML/CTF/CPF risk management, regulatory data systems and reporting or compliance management.
• Experience in a regulatory environment, with demonstrated exposure to compliance outreach and prevention measures, formulation of regulatory guidance and directives, and regulatory communications will be desirable.
• Excellent Technical knowledge of the FIC Act and related legislation including any sector specific legislation e.g., POCA, POCDATARA, PRECCA, FAIS Act, Collective Investment Schemes Control Act, Long-term Insurance Act, Securities Service Act, National Gambling Act, Estate Agency Affairs Act, Attorneys Act, Banks Act, etc.