Anti-Money Laundering Control Officer at Industrial Development Corporation

Qualification and Experience

Qualifications:

• LLB/ B. Com or equivalent qualification. 
• Accredited or certified member of the Compliance Institute of South Africa (CISA).
• A Certificate in Anti-Money Laundering Control.
• CAMS Certification or a Certificate in Compliance Management will be an added advantage.

Knowledge and Experience:

• At-least 5-8 years’ experience in anti-money laundering compliance management environment.
• Sound experience in report writing and presentation skills.
• Knowledge of  the Siron System will be an added advantage.
• Experience developing and implementing compliance programs

Roles and Responsibilities

• Assist in the development of compliance initiatives and programs to comply with the respective money laundering legal, licensing, and regulatory obligations
• Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF)
• Improve and maintain AML/CTF policies and procedures
• Aid in the improvement of tools to monitor, analyse, and report suspicious activity
• Handle file reviews of suspicious activity to ensure compliance with the policies and procedures put in place
• Identify and inform of any changes to legislation and other regulatory requirements relating to AML/CTF
• Aid in the design, development, and implementation of a risk assessment framework to support all customer interactions
• Provide oversight to the operational team, which acts as the first line monitors and investigators of suspicious activity
• Ensure consistent and timely feedback on cases that have been escalated
• Liaise with management to develop investigative strategies
• Develop and participate in compliance programs and initiatives
• Provide relevant compliance reporting to ensure the completion and proper analysis of suspicious activity reports that have been conducted
• Ensure detailed and prompt investigation of all AML/CTF incidents and cases
• Help with identifying any AML/CTF loopholes and coordinating projects to bridge those gaps
• Develop and execute face-to-face / virtual training for staff in various business units as required
• Aid in general compliance awareness and refresher training

Job Requirements

TECHNICAL/FUNCTIONAL COMPETENCIES

• Team player with the ability to work unsupervised
• Exceptional analytical and investigative skills
• Strong project management skills
• Willingness to work on various compliance issues
• Must be able to adapt to working in a fast-paced environment
• Excellent verbal and written communication skills
• Exceptional presentation skills
• Strong organization skills and attention to detail 
• Stakeholder Engagement Skills
• Negotiating and Influencing

BEHAVIOURAL COMPETENCIES

• Attention to detail. 
• Highly Ethical and integrity. 
• Good Communication skills