Anti Money Laundering Officer

Responsibilities

• Ensure the Bank is compliant with all AML/CFT legislation, regulatory and supervisory requirements, including Sanctions Compliance as well as aspects that overlap with other financial crimes.
• Monitor and compile relevant reports to stakeholders, including senior management, regulators, and Head Office.
• Provide guidance and support to the AML/CFT team in conducting their day-to-day job requirements.
• Provide guidance and support to / monitoring of Business Departments regarding AML/CFT and Sanctions compliance and identify gaps and loopholes within the current policies, processes, and procedures to provide effective enhancements and mitigation.
• Work closely with the AML/CFT team and Business Departments to draft and implement policies and procedures to ensure sufficient risk mitigation in terms of AML/CFT and Sanctions compliance.
• Proficient knowledge of AML/CFT related systems.
• Draft the Bank’s annual training plan and ensure training is conducted accordingly including the maintenance of approvals of training materials.
• Provide AML/CFT and Sanctions Compliance training to all staff.
• Ensure the Bank’s KYC pack is updated annually.
• Assist the Financial Institution team to attend to KYC review requests from correspondent banks.
• Draft the annual monitoring plan.
• Conduct the AML/CFT compliance monitoring of Business Departments on a regular basis.
• Managing regulatory, internal/external auditor, and Head Office auditor monitoring.
• Monitor and complete AML/CFT related projects, such as the Enterprise Risk Assessment.
• Draft and ensure the AML team’s quarterly key tasks are completed at the required standards.
• Make necessary arrangements for the AMLCO meeting, including overseeing the scheduling of meetings, preparation of the agenda, and completion of minutes of the meetings.
• Perform thorough analysis and provide a timeous response in relation to requests from Business Departments, ensuring that ML/FT risks are appropriately mitigated.
• React timeously to all requests from external parties (regulators, external auditors, etc.) and provide accurate and complete information in relation to the request.
• Ensure that responses to the international-related queries, particularly New York queries, are compiled accurately and timeously.
• Monitor the accuracy of registers relating to CTR/CTRA, STR/SAR, and TPR/TFAR/TFTR and ensure that the reports are accurately and timeously submitted to regulatory authorities.
• Update the RMCP on a regular basis.
• Ensure the AMLMAS After Event and Real-Time cases are closed accurately and timeously.
• Liaise with the Bank’s Head Office, FIC, FSCA, SARB, PA, NCR, SARS, and other regulators to the extent necessary on behalf of the Bank.
• Attend external/stakeholder regulatory meetings including but not limited to FIC, SARB, OA, BASA, PASA, etc. as required by the Head of the Department.
• Report non-compliance to the Chief Compliance Officer and propose remedial action.
• Ensure tasks allocated including ad-hoc tasks/projects are accurately completed on a timely basis and meet professional business writing requirements.
• To Assist the VP Head in managing the operation of the AML/CFT Team.

Requirements

• LLB Bachelor’s degree.
• CAMS, CAMS-Audit, CAMS-FCI, CGSS, or relevant credential
• 5 years of AML/CFT working experience in the Banking industry (knowledge of Rules and Regulations of the Prudential Authority, Companies Act, Banks Act, FICA, International Standards and requirements)
• Ability to work under pressure and multitask
• Excellent analytical and interpretive skills, proactive and Self-motivated
• Sound and in-depth understanding of the FICA, ML/FT Control Regulation, the FIC Directives/Guidance Notes/Public Compliance Circulars, the international AML/CFT standards as well as the best industry practice
• Ability to translate the AML/CFT legislation/regulatory requirements into practical procedures and working method
• Excellent presentation skills and business/report writing
• Decisive and ability to unpack complex situations
• Basic banking knowledge on different products/services
• Ability to identify and assess AML/CFT risks from products/services
• To assist the Department Head in managing the operation of the AML/CFT Team