Job Positions Available at Financial Intelligence Centre (FIC)

KEY PERFORMANCE AREAS 

TECHNICAL COMPETENCIES

Strategic Alignment 

• Make recommendations for adjustment of future strategic objectives to accommodate changes in the FIC’s operational environment.

Managing Delivery

• Manage all operations within the Risk & Compliance Monitoring Unit and Inspections and Enforcement Unit to ensure that the Division achieves its deliverables, including:

Effective Risk and Compliance Monitoring Oversight

• Oversee 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.
• Undertake, review and enhance regular sector risk assessments of designated sectors with the supervisory remit of the FIC, and participate in national risk assessments, as well as effectively mitigating risk and compliance obligations and the need to apply appropriate mitigating control measures in accountable institutions.
• Facilitate the design, implementation, maintenance, and sustainability of an effective national risk-based compliance monitoring framework for accountable institutions.
• Ensure that the effectiveness and efficiency of the domestic AML/CFT/CPF compliance and monitoring framework is risk sensitive, focused on mitigating identified inherent ML/TF/PF threats, vulnerabilities and risks and measured, in accordance sector and national risk assessments, and with the FATF Requirements.

Data Systems and Reporting

• Actively engage and assist Data Systems and Reporting Unit to enhance the risk sensitive assessment and analytical tools, such as the RCAA and RCR tools, 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 engage and assist Data Systems and Reporting Unit to identify enhancements to improve FIC registration and reporting systems compliance oversight of accountable institutions.

Guidance and Prevention Outreach

• Actively engage and assist Guidance and Prevention Outreach unit engage relevant stakeholders and the public with a view to enhancing compliance awareness of money laundering and terrorist financing, and the methods and procedures to detect, counter and deter them.
• Actively engage and assist Guidance and Prevention Outreach unit conduct training and awareness to internal (in house programs) and external stakeholders (supervisory bodies and regulated institutions).

Effective Risk Based Supervision through Inspections, Remediation and Enforcement

• Oversee the risk-based supervision by 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, and the implementation and monitoring of effective remedial actions and 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.
• Operationalise and enhance the inspectorate and enforcement methodologies and frameworks, in accordance with FIC Act, and in alignment with FATF requirements.

MANAGEMENT COMPETENCIES

Delivery and success

• Directs, controls, and enhances resources to produce operating results and meet specific objectives and deliver agreed results.
• Focuses continuously on means for improving effectiveness and efficiency – doing it better.
• Makes changes to improve performance and reduce risk.
• Anticipates and resolves problems to ensure targets are achieved within agreed deadlines and standards.
• Productivity and motivation/morale of employees.

People management

• Creates a positive climate to energise direct reports to minimize turnover, absenteeism, labour disputes, and other work disruption and maximize productivity of employees.
• Provides performance feedback and coaching to senior staff to ensure alignment with the Centre needs.
• Ensure that the areas objectives are met by scheduling and prioritising the activities, allocation of work, resourcing, and individual’s performance so that the highest level of output and quality is achieved.
• Organises and prioritises the tasks and work processes needed to achieve the plan and assigns people to the tasks/work processes.
• Arranges for necessary training and tools for own people to improve organisation effectiveness and efficiency. 
• Monitors productivity and reallocates or reorganises resources to improve productivity.
• Ensures the right people are in place with the appropriate support to accomplish annual operating plan.
• Builds and maintains professional relationships with relevant stakeholders, including regulated institutions, on AML/CFT compliance matters.

Planning and organising

• Directly plans and reports on Risk & Compliance Monitoring Unit and Inspections and Enforcement Unit outputs.
• Identifies any possible deviations and problems which will affect output and develops and implement alternative plans.
• Prepares operational budget for the Risk & Compliance Monitoring Unit and Inspections and Enforcement Unit and ensure proper use of financial and other resources.
• Develops and plans functional Risk & Compliance Monitoring Unit and Inspections and Enforcement Unit quarterly plans in line with the area’s annual 
• Provides periodic reports on performance against plan and progress on key results.
• Adjusts plan and resource allocation in line with changed priorities. 

Resources management

• Translates performance expectations to specific metrics and goals for initiatives and support requirements. 
• Manage allocated resources to ensure effective and efficient delivery.
• Makes recommendation on resources and budgetary requirements for annual planning purposes.
• Controls costs through effective management of principle business or operating process variables.
• Operationalises plans and deploys resources to meet clearly calculated plans and objectives over a typical bi-annual horizon.

Governance, Risk Management and Compliance 

• Ensure that the Risk & Compliance Monitoring Unit and Inspections and Enforcement Unit meets internal governance, risk management and compliance requirements. 
• Contribute to the development of FIC policies and procedures.
• Contribute to the FIC’s adherence to procurement and expenditure requirements.

 EDUCATION, SKILLS, AND EXPERIENCE 

Education

• Degree in Law (LLB, BProc or 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

• Minimum of 10 years of proven management experience
• Minimum of 10 years high level technical experience in leadership pertaining to AML compliance and /or risk management
• Minimum of 8 years’ experience in AML/CTF/CPF risk management, forensic auditing or risk or compliance management
• Experience in a regulatory environment, compliance oversight or supervision 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.

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KEY PERFORMANCE AREAS: 

TECHNICAL COMPETENCIES

• Engage with external stakeholders (at a Senior Management I Executive level) to ensure compliance with the FIC Act, exchange information, provide solutions and solve queries,related to highly complex matters.
• Manage G&P Operations to ensure cost effective performance, ensuring that high quality outputs are delivered timeously within the approved budget.
• Make recommendations on all forms of guidance to be issued to supervisory bodies, regulated institutions, persons and sectors on the application of the FIC Act.
• Manage and enhance the process to ensure that all written queries from external stakeholders are effectively and timeously managed.
• Manage and administer the contact centre to ensure that all telephonic queries from stakeholders are effectively handled.
• Manage and successfully implement the annual compliance awareness plan in relation to products, content, communication channels and specific events by assessing the Fie strategy and communication needs of targeted audiences
• Build, manage and maintain professional relationships with relevant internal and external stakeholders to drive the promotion of compliance awareness nationally.
• Edit and approve internal and external compliance awareness material and the dissemination plans.
• Facilitate an effective and successful internal graduate development programme. 

MANAGEMENT COMPETENCIES

• Delivery and success
• Directs, controls and enhances resources to produce operating results and meet specific objectives and deliver agreed results
• Focuses continuously on delivery as per predefined plans
• Makes changes to improve performance and reduce risk
• Anticipates and resolves problems to ensure targets are achieved within agreed deadlines and standards

People management

• Manages workflows and plans
• Ensures clarity around accountabilities
• Ensures that the functions objectives are well known and achievable
• Ensure that the areas objectives are met by scheduling and prioritizing the activities, allocation of work, resourcing and individual's performance so that the highest level of output and quality is achieved
• Leadership of subordinates so that they collaborate competently and with full commitment with manager and with others in pursuing the goals set
• Performance is actively managed
• Encourages and enables teamwork
• Coaches and counsels’ division or section staff
• Inspires and motivates division or section staff to deliver results
• Provides division or section team with technical guidance
• Supports the development and career growth of staff, including input into the priority development needs of staff

Planning and organising

• Directly plans and reports on the unit’s outputs; Identifies any possible deviations and problems which will affect output and develops and implement alternative plans
• Develops and plans functional units quarterly plan in line with the area's annual
• Reports on work plans - achievement of quantity, quality and time targets

Resources management

• Manage allocated resources to ensure effective and efficient delivery
• Makes recommendation on resources and budgetary requirements for annual planning purposes
• Controls costs through effective management of principle business or operating process variables
• Operationalizes plans and deploys resources to meet clearly calculated plans and objectives over a typical bi-annual horizon

Governance, Risk management, Compliance

• Ensure compliance with code of conduct, policies. procedures and legislative requirements
• Provides input into budget for the department and organizational policies

EDUCATION, SKILLS, AND EXPERIENCE:

Education

• Degree in Law or BCom or equivalent 
• Postgraduate qualifications in anti-money laundering, forensic auditing or compliance management
• CAMS certification would be desirable
• A management qualification will be advantageous (BBA, MBA or MDP)

Experience

• Minimum of 2 years of proven management experience
• Minimum 5 years’ experience in compliance or risk management
• Experience in a regulatory environment, compliance oversight or supervision
• Knowledge of the Fie Act, international standards and requirements and other relevant legislation 

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KEY PERFORMANCE AREAS 

Strategic Alignment 

• Implement the strategic vision, objectives and the operational plan of the intelligence Unit and clarifies performance expectations for function
• Determine the deliverables and operational plan for the unit based on the FIC’s strategic objectives.
• Make recommendations for adjustment of future strategic objectives to accommodate changes in the FIC’s operational environment

Manage Delivery 

• Manage the implementation of the operational plans for the unit to meet its key performance targets.
• Monitor performance of the unit to achieve its deliverables and identify possible obstacles that will prevent the Division from achieving its deliverables.
• Adjust plans and resource allocations to accommodate changes in circumstances
• Expand and maintain the FIC’s information gathering capability from legislative and non-legislatives sources.
• Oversea  the efficient management of the FICs intelligence cycle to ensure the production of innovative, relevant and timely financial intelligence.
• Ensures quality assurance and overall integrity of deliverables.
• Ensure that the delivery of products or services is to the appropriate level of quality, on time and within budget
• Contribute to the development and implementation of FIC/Divisional technology requirements.

Strategic Alignment 

• Implement the strategic vision, objectives and the operational plan of the intelligence Unit and clarifies performance expectations for function
• Determine the deliverables and operational plan for the unit based on the FIC’s strategic objectives.
• Make recommendations for adjustment of future strategic objectives to accommodate changes in the FIC’s operational environment

Manage Delivery 

• Manage the implementation of the operational plans for the unit to meet its key performance targets.
• Monitor performance of the unit to achieve its deliverables and identify possible obstacles that will prevent the Division from achieving its deliverables.
• Adjust plans and resource allocations to accommodate changes in circumstances
• Expand and maintain the FIC’s information gathering capability from legislative and non-legislatives sources.
• Oversea  the efficient management of the FICs intelligence cycle to ensure the production of innovative, relevant and timely financial intelligence.
• Ensures quality assurance and overall integrity of deliverables.
• Ensure that the delivery of products or services is to the appropriate level of quality, on time and within budget
• Contribute to the development and implementation of FIC/Divisional technology requirements.

Budget Management

• Contribute to the design and implementation of M&A financial and procurement plans.
• Determine the unit’s resource requirements and making recommendations for budget planning in accordance with priorities.
• Manage the efficient use of financial and other resources by the Division’s staff members.

Stakeholder Management

• Liaise and consult with government departments and other stakeholders, including accountable institutions, law enforcement authorities, supervisory bodies to facilitate the appropriate application of Monitoring & Analysis duties and obligations, procedures and processes under the FIC Act.
• Engage with domestic (NATJOINTS, JCPS, NICOC) and international bodies (FATF, EGMONT) to promote SA/ FIC interests.
• Identify opportunities to involve government departments, agencies and other external stakeholders.
• Provide technical advice and guidance to government departments, agencies and other external stakeholders on effective implementation on intelligence cycle in line with domestic AML/CFT/CPF policies.
• Contribute to operational management of the FIC by participating in management structures and committees.

People Management 

• Manage delivery and delegate appropriate responsibility whilst retaining overall accountability for those services.
• Manage performance of the team.
• Develop and manage the implementation of the skills development plan of the team to maintain and enhance skills that ensures achievement of the Division’s operational deliverables.
• Coach and mentor the team  to improve the ability of the team to deliver on expectations.
• Promotes and support career management and development
• Effectively manage and lead the intelligence section by motivating and enabling teams and ensure roles are clarified
• Manage the development and implementation of the unit’s recruitment plan.
• Manage the integration of all new employees in the unit.

Governance, Risk Management and Compliance 

• Manage the development  and implementation of operational policies, procedures & systems, in consultation with the other FIC Divisions;
• Contribute to the design and implementation of FIC and Division risk management strategies
• Contribute to the design and implementation of FIC and Division data governance and information management requirements
• Manage the unit’s reporting requirement of its operational deliverables.
• Manage compliance to FIC and divisional policies and procedures ( e.g. HR, SCM, Finance ect).
• Manages information risks-classification of information.
• Codifies division practises, policies and procedures.

EDUCATION, SKILLS, AND EXPERIENCE 

• Bachelor’s Degree in a relevant field (e.g. intelligence collection, analysis or counterintelligence)
• A minimum of 10 years professional experience in overseeing the intelligence cycle.
• Minimum 7-10 years’ proven experience managing skilled professionals.
• Demonstrate experience in understating, managing and analysing information at a strategic level and a clear understating of how information can be used to improve FIC delivery
• Excellent inter-personal and liaison skills-to have the ability to work with senior government officials to build relationships and ensure cooperation.
• At least 8 years of knowledge and experience in information management and information gathering tools
• Demonstrate ability to properly prioritize and manage complex operational tasks in a difficult environment 
• Possesses a strong service orientation and allegiance to the Republic of South Africa.
• Ability to write clearly and concisely in English
• Knowledge of a foreign language is an advantage