SUMMARY:
JOB TITLE: MANAGER: AML/CFT SUPERVISON
Purpose of the Job:
To supervise and enforce compliance with the Financial Intelligence Centre Act by the Financial Institutions and ensure that any referrals relating to AML/CFT matters received from the Financial Intelligence Centre are appropriately dealt with within the company.
POSITION INFO:
Requirements:
- Bachelor’s degree in commerce, Law or other relevant discipline with at least 5 years working experience within the financial services industry, 3 of which must be in a management level. A good knowledge of financial sector laws, supervision of compliance with the FIC Act and understanding of AML/CFT standards as set by FATF is required.
- The successful candidate must be able to display good planning, organisational and leadership skills.
Key Performance Areas:- Manage a team of analysts that perform desk based and on-site supervision following a risk based supervisory approach.
- Ensure that supervisory plans are managed and executed on time.
- Manage onsite and offsite inspections and other supervisory activities in terms of the FIC Act.
- Report on onsite and offsite inspections and other supervisory activities conducted.
- Manage the investigation of all complaints relating to financial institutions.
- Ensure that projects are properly planned, managed and executed on time.
- Ensure implementation of policies, guidelines and procedures to support the risk-based supervision approach.
- Monitor international trends and developments in the financial services industry to inform supervisory approach; Engage with industry stakeholders on various AML/CFT supervisory matters.
- Innovate new processes and procedures where a need is identified within the department to ensure optimum performance; and
- Manage the human resources of the team effectively and efficiently (train, develop, monitor, lead and assess performance of staff).
Other Key Competencies:The candidate must demonstrate the following skills and attributes:
- A high level of judgement, good interpersonal skills, confident and decisive approach, the ability to analyse problems, the ability to gather information; the ability to manage projects; be able to interact effectively with senior staff/ industry partners and stakeholders and organise, lead and motivate a team to meet individual and work group goals; ability to work effectively under pressure whilst upholding an emphasis on quality.
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