AML Analyst

Fempower Personnel; Pretoria; On-site; ZAR 300,000 - 450,000; Full time

Job summary

A financial services staffing agency is seeking a candidate with a Bachelor's Degree in Accounting, Audit, or related fields and at least 2 years of experience in the financial sector. The role involves monitoring compliance with the FIC Act, conducting inspections, and liaising with stakeholders. Strong report writing skills and knowledge of financial sector laws are essential. This position is located in Pretoria, Gauteng.

Qualifications

• At least 2 years working experience within the financial services industry.
• Good knowledge and exposure to financial sector laws.
• Understanding of the FIC Act and the Financial Sector Regulation Act, 2017.
• Excellent report writing skills.

Responsibilities

• Monitor compliance with the FIC Act by accountable institutions.
• Enforce non-compliance by financial institutions.
• Identify and report trends impacting the FSCA’s duties.
• Conduct on-site and/or offsite inspections.
• Assist with investigations of FIC Act related enquiries/complaints.
• Participate in industry and FSCA committees.
• Liaise with stakeholders on regulatory matters.
• Perform administrative activities related to the regulatory framework.

Education

Bachelor's Degree (NQF 7) in Accounting, Audit, Law, Risk Management or relevant discipline

Job description

A Bachelors’ Degree (NQF 7) in Accounting, Audit, Law, Risk Management, or other relevant discipline with at least 2 years working experience within the financial services industry. The candidate must have a good knowledge and exposure to the financial sector laws. A good understanding of the FIC Act and the Financial Sector Regulation Act, 2017 is essential. Excellent report writing skills are essential.

Key Performance Areas :

• Monitor compliance with the FIC Act by the accountable institutions supervised by the FSCA;
• Enforce non-compliance by financial institutions where contraventions of the FIC Act have been identified;
• Identify and report trends in the financial services sector with possible impact on the FSCA’s ability to discharge its duties as a Supervisory Body;
• Conduct on-site and / or offsite inspections and other supervisory activities in terms of the FIC Act;
• Assist with investigations of FIC Act related enquiries / complaints relating to financial institutions;
• Actively participate in and contribute to industry and FSCA committees as and when required;
• Liaise with internal and external stakeholders in respect of regulatory and supervisory matters; and
• Perform administrative or other supervisory activities relating to the regulatory framework