Aml Onboarding Officer Legal / Llb Background For Law Firm Sandton

Innov8 Recruitment; Gauteng; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A reputable recruitment agency in South Africa is seeking a Senior AML Onboarding Officer. The role requires an admitted attorney with an LLB degree and at least 4 years of experience in AML compliance. Responsibilities include managing client data, conducting CDD and EDD, and assisting with compliance projects. Ideal candidates should possess strong analytical and problem-solving skills.

Qualifications

• Admitted attorney with at least 4 years' experience in AML / FICA compliance or compliance risk management.
• Anti-money laundering certificates or ACAMS qualification is advantageous.
• Experience onboarding large corporate clients with complex ownership structures.

Responsibilities

• Assist with FIC Act obligations.
• Conduct CDD and EDD on clients.
• Manage client data and compliance projects.
• Prepare and submit EDD templates to the Risk Committee.
• Liaise with lawyers for CDD and EDD information.

Skills

Good presentation skills

Attention to detail

Time management

Problem-solving skills

Analytical mind

Education

LLB Degree

Tools

AML compliance tools

Job description

Senior AML Onboarding Officer - Legal background LLB degree

The main purpose of the role is to assist with the following :

• To assist the Firm with discharging its obligations under the FIC Act;
• FICA Remediation Projects (including remediating deficient client data and remediation of existing client population);
• Attend to client reviews (including ad hoc and periodic reviews);
• Assist junior onboarding officers;
• Sign-off on certain onboarding matters;
• Manage the outstanding CDD and EDD requirements with lawyers and secretaries on a monthly basis;
• Reporting on CDD and EDD matters (progress and status updates);
• Compiling reports for submission to the Risk and Compliance Committee;
• Escalate certain matters to the GC, Head of Risk and Compliance and the Risk Committee;
• Conduct research on AML trends and typologies and propose enhancements to processes and controls;
• Conduct Country Risk research and update the Country Master Data Tables on a regular basis;
• Assist the Compliance Risk Manager and General Counsel, Head of Risk and Compliance with general AML portfolio management;

Conducting AML Typology research and trends on a regular basis and assist with the review and maintenance of the RBA Framework; and

Conducting country risk research and updating the Firm's Country Risk Master Data Table on a regular basis.

The key responsibilities and duties :

• Accurately capture client data on the onboarding system;
• Conduct CDD in respect of clients;
• Conduct ad hoc and periodic reviews on existing client population;
• Conduct research in respect of various sources (eg CIPC, Department of Home Affairs, Who owns Whom, etc);
• Conduct Country Risk research and update the Country Master Data Table on a regular basis;
• Analyse sanctions, PEP and adverse media alerts on the system when onboarding clients and conducting client reviews;
• Distinguish between 'False Positives' and 'True Matches';
• Conduct EDD in respect of high-risk clients (including summarising adverse media reports, PEP assessments and review of sanctions against individuals, entities and countries);
• Prepare EDD templates for high-risk clients and submit same to the Risk Committee for consideration;
• Action the decision of the Risk Committee;
• Liaise with lawyers and secretaries to obtain outstanding CDD and EDD information;
• Attend to daily alerts raised by the onboarding system once ongoing screening is implemented to determine whether or not they are 'false positives';
• Ensure that CDD information is current when new matters are opened for existing clients;
• Update existing clients' CDD information and re‑screen and re‑rate existing clients with new matters;
• Analyse constitutive documents of entity type clients, share registers, shareholder agreements, etc. in order to determine the BOs for entity type clients and document evidence in respect of same;
• Cash Threshold Reports (CTRs) and Suspicious Transaction Reports (STRs) are lodged within the prescribed time‑frames;
• Assist with the development and maintenance of the Firm's internal screening list;
• Ensure that all onboarding and reviews comply with the Firm's RMCP;
• Develop AML training material and facilitate training sessions;
• Compile reports for the HoD and the Risk and Compliance Committee;
• Assist with various AML compliance projects and any other AML‑related tasks as assigned.

Qualifications and experience

Qualifications

LLB Degree.

An admitted attorney with at least 4 years' experience in an AML / FICA compliance environment or in any compliance risk management environment; or

Qualifications or knowledge of the following subjects are advantageous

• Anti‑money laundering certificates or ACAMS qualification; or
• Post‑Graduate Diploma in Compliance or Certificate in compliance; or
• Risk Management qualification.

Personal attributes

• Good presentation skills;
• Above average attention to detail;
• Good time management and problem‑solving skills;
• Must have an analytical mind; and more importantly have the ability to devise solutions to problems / shortcomings;

Ability to work under pressure.

Candidates must have experience in onboarding large corporate clients with complex ownership structures.

Other experience required

• For the legal candidate, it must be an admitted attorney.
• Any other experience (eg legal advisor, general compliance, other AML role (ie excluding onboarding), risk role, etc).

Recruiters to provide the following information with original CVs

• Matric and university transcripts; and
• Salary and bonuses.

PLEASE ONLY REPLY IF YOU MEET ALL THE REQUIREMENTS