Assistant Compliance Officer - Client Risk Assessment Reviewer-1 at Old Mutual South Africa

Job Description

• This role will provide on-going support to the High-Risk Relationship team in OMI. The incumbent will Independently review client risk assessments / risk ratings from an AML/CFT perspective, to ensure they are completed in accordance with policies, procedures, and regulatory requirements. They will also support in the review and clearing of AML/CFT screening hits as well as providing support in ad hoc projects within the High-Risk Relationship team.

Key responsibilities will include amongst others the following:

• Provide on-going support to the High-Risk Relationship Team.
• Independently conducting and reviewing Client Risk Assessments / Risk Rating from an AML/CFT perspective and ensuring the required KYC documents are collected.
• Support in the review and clearing of AML/CFT sanction hits – knowledge of Dow Jones and/or WorldCheck is advantageous in this regard.
• Often acts as a point of escalation and liaise with internal stakeholders to ensure resolution.
• Contributes to the overall client delivery and experience.
• Advises on system enhancements and testing.
• Ensures first time resolution of all client queries received.
• Supporting on the daily review and approval of Client Risk Assessments on all client instructions pertaining to Individuals, Trusts and Corporates where required.
• Perform Client Due diligence in line with FICA requirements and offshore regulatory requirements.
• Utilise problem solving skills to resolve complex queries.
• Maintain an awareness and ability to identify and avert potential risk issues.
• Apply and adhere to OMI’s policies and procedures, always maintaining a comprehensive understanding to pro-actively identify and propose improvements on an ongoing basis.
• Report findings in a timely manner to relevant client teams.
• Escalate high risk issues directly to Senior Management as soon as any issue arises.
• Identify areas to improve own knowledge and skills and actively seek assistance.
• Maintain an up to date understanding of the relevant legal and regulatory requirement.

Qualifications, Skills and Experience required:

• Grade 12+ minimum qualifications and experience as specified by regulation
• Suitable legal degree / compliance qualification.
• Understanding of key legislation that impacts Old Mutual International, including FICA and FAIS.
• AML/CFT and FATCA/CRS compliance experience ideally in offshore markets.
• Experience working within a compliance team within the Operations environment (administration of individuals, companies & trusts).
• Excellent written and verbal communications skills is vital.
• Excel skills is advantageous.
• Strong attention to details

Closing Date

19 April 2023