Specialist Analyst - AML/CFT Supervision Department at FSCA South Africa

Purpose of the Job: 

To supervise and/or enforce compliance with the Financial Intelligence Centre Act, by the Financial Institutions categorized as accountable 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 Manager: AML/CFT Supervision Department.

Key Performance Areas:

•  Monitor and enforce compliance with the FIC Act by the financial institutions;
•  Identify and report trends in the financial services sector with possible impact on the FSCA’s ability to discharge its duties as a Supervisory Body;
•  Conduct on-site and/or offsite inspections and other supervisory activities in terms of the FIC Act;
•  Investigate all complaints relating to financial institutions;
•  Refine processes and procedures relating to regulatory and supervisory frameworks;
•  Actively participate in and contribute to industry and FSCA committees as and when required;
•  Assist junior staff with planning and performance on supervisory activities;
•  Assist the Manager in training and development of Junior Staff; 
•  Liaise with internal and external stakeholders in respect of regulatory and supervisory matters; and
•  Perform administrative or other supervisory activities relating to the regulatory framework.

Requirements

• A Bachelors’ Degree (NQF 7) in Accounting, Audit, Law, Risk Management and other relevant discipline and other relevant discipline with at least 4 years working experience within the financial services industry.  
• A postgraduate certificate in Anti-Money Laundering will be advantageous.  
• The candidate must have a good knowledge and exposure to the financial sector laws. A good understanding of the FIC Act and the Financial Sector Regulation Act is essential.  Excellent report writing skills are essential.  
• The candidate will be required to travel domestically.