Latest Jobs at Financial Intelligence Centre (FIC)

Key Performance Areas include:

• Provide advice on reviews where expert knowledge of industry and guidance is requested;
• Provide written / verbal testimony in administrative and criminal proceedings where required;
• Respond to highly complex compliance queries where required;
• Present to highly complex audiences, e.g. JSE members, and provide additional input into written material;
• Provide expert advice on highly complex guidance products, including directives, as well as interpretation issues for the compliance handbook;
• Lead and advise consultations with Supervisory Bodies;
• Provide expert advice across industries pertaining to the entity compliance profiles;
• Identify and provide expert advice and solutions related to the AML risks at the national, industry/sector and entity risk assessment levels;
• Provide advice on research methodology and lead research in respect of risk based approach and other complex compliance areas;
• Conceptualise and facilitate the development and implementation of data systems, reporting tools, and the integration of data within the FIC; 
• Engage with external reporters who have complex business systems, to facilitate registration and reporting;
• Engage and facilitate with external agencies to facilitate the movement of information from them to the FIC in a format that can be integrated into the FIC systems.

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Key Performance Areas include:

• Research and identify suitable accountable and reporting institutions for inspections, utilising the risk base approach.
• Conduct inspections on accountable and reporting institutions to assess the levels of compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001 (the FIC Act).
• Draft inspection reports detailing inspection findings and conclusions.
• Recommend appropriate remedial action to remedy any non-compliance.
• Secure accurate, reliable and admissible evidence to support conclusions on the inspected institution’s level of compliance with the FIC Act.
• Conduct research on domestic and international AML compliance and enforcement trends. 
• Attend and respond to correspondence relating to inspections and other general matters.
• Guide and advise accountable, reporting institutions and supervisory bodies on compliance with the FIC Act.

Education

• Relevant bachelors degree e.g. LLB, BCom (Law) or equivalent.

Experience

• Minimum of 5 years of experience in a legal, law enforcement or compliance environment.

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KEY PERFORMANCE AREAS:

TECHNICAL COMPETENCIES

• Assist with research and identify suitable accountable and reporting institutions for inspections, utilising the risk base approach.
• Assess levels of compliance with the FIC Act by accountable and reporting institutions, under guidance.
• Assist with collecting and maintaining the integrity of information evidencing the levels of compliance with the FIC Act.
• Draft and process inspection reports detailing the level of compliance by inspected institutions under guidance.
• Recommend appropriate remedial action to remedy any non-compliance under guidance. 
• Conduct research on domestic and international AML compliance and enforcement trends.
• Provide basic guidance and advise  to accountable institutions, reporting institutions and supervisory bodies regarding compliance with the FIC Act, under guidance.
• Attend and respond to correspondences 

EDUCATION, SKILLS AND EXPERIENCE:

Education

• Bachelors degree e.g. LLB, B.Com (Law) or NQF level 7 equivalent
• Qualifications in anti-money laundering, compliance management and or forensics would be advantageous Experience
• Minimum of 1 year of experience in a junior law enforcement or compliance environment.