Anti-Money Laundering Regulatory Specialist

Hire Resolve; Centurion; On-site; ZAR 900,000 - 1,200,000; Full time

Job summary

A leading insurance company is seeking an experienced Anti-Money Laundering Regulatory Specialist for their Johannesburg office. The ideal candidate will possess a degree and at least five years of relevant experience in the insurance industry. Responsibilities include managing AML functions, conducting reviews, providing expert advice on compliance issues, and training staff on AML/KYC duties. This is an excellent opportunity for those looking to advance their career in compliance and financial crime risk management.

Qualifications

• Minimum of five years anti-money laundering experience, preferably in the insurance industry.
• Strong understanding of the legal and regulatory framework and environment.
• Ability to conduct training and coaching on AML and KYC updates.
• Solid reporting skills.
• Data management capabilities.
• Facilitation and training abilities.
• Financial crime awareness and risk management knowledge.
• Knowledge of the legal and regulatory framework.
• Excellent presentation and communication skills.
• Proven report writing abilities.
• Risk management skills.
• Effective communication skills.

Responsibilities

• Handle FICA ad-hoc issues, including KYC queries and suspicious transactions.
• Perform ongoing AML functions and enhance risk assessments as needed.
• Advise on AML, CFT, and sanctions issues impacting divisions.
• Conduct AML risk assessments and enhance AML policies.
• Review and update SOPs, policies and guidelines from an AML perspective.
• Develop and embed enhanced AML/CTF and sanctions policies.
• Report AML risks and issues arising from interactions with divisions.
• Provide expert AML/CFT guidance to designated divisions.
• Advise on AML/CTF and sanctions matters to the business.
• Issue compliance alerts and publish intranet documentation.
• Draft communications for internal use.
• Provide AML/KYC/Due Diligence training to partners and intermediaries.
• Review high-risk customers, including accounts opened by Politically Exposed Persons.
• Prioritize projects by compliance risk across divisions and Group.
• Coordinate on-site regulatory visits and prepare information as requested.
• Conduct end-to-end investigations of financial crime incidents.
• Promote financial crime risk awareness and training.
• Handle marketing and communications for the FCRM function.
• Perform financial crime risk assessments and combined assurance reviews.

Skills

Analytical skills

Reporting skills

Data Management skills

Facilitation skills

Financial skills

Presentation skills

Effective communication skills

Report writing

Risk management

Communication

Education

Degree in Legal / Business/IT/Risk Management/Forensics/Audit

Job description

A leading insurance company is looking for an experienced Anti-Money Laundering Regulatory Specialist to join their team based in Johannesburg.

Responsibilities

• Attend to FICA ad-hoc issues, i.e., KYC queries, reporting of cash transactions above threshold, suspicious transactions, section 27 requests and any other reports.
• Perform periodic reviews to ensure that all that CTR, STR and section 27 responses are accurate.
• To perform AML functions on an ongoing basis, including detection/reporting of suspicious transactions and activities.
• Conduct reviews for the enhancement of the AML functions and perform AML risk assessment when required.
• Review and update Standard Operating Procedures, policies and guidelines from an AML perspective.
• Developing, maintaining and embedding enhanced AML/CTF & Sanctions policies.
• Report and escape all AML compliance risks and issues arising from interaction with Divisions.
• Provide expert advice on various AML/CFT & Sanctions issues affecting designated divisions as a result of compliance obligations.
• Provide advice and guidance on AML/CTF & Sanctions related matters to the business.
• Issuing compliance alerts.
• Publishing documentation on the intranet.
• Drafting communication and advice for internal use.
• Providing advice to line management on AML, KYC and Due Diligence.
• Provide training and coaching to partners and intermediaries on relevant AML, KYC and Due Diligence updates.
• Conduct on-going review of High Risks Customers including accounts opened by Politically Exposed Persons.
• Make sure that projects and tasks are prioritized in recognition of the compliance risk that the divisions and the Group may be exposed to.
• Assist with coordinating and facilitating on site regulatory visits whenever requested. Prepare Information on relevant regulatory interaction as requested.
• To provide and end-to-end investigations of financial crime related incidents.
• Financial Crime Risk awareness and training.
• Marketing and communications required for the FCRM function.
• Financial Crime vulnerability assessments, Combined Assurance Reviews and Financial Crime Risk Assessments.

Qualifications

• Degree in Legal / Business/IT/Risk Management/Forensics/Audit and/or equivalent tertiary qualification.
• Minimum Five (five) years anti-money laundering experience (Insurance Industry - Preferable).
• Analytical skills.
• Reporting skills.
• Data Management skills.
• Facilitation skills.
• Financial skills.
• Knowledge of the legal and regulatory framework and the regulatory environment.
• Presentation skills.
• Report Writing.
• Risk Management skills.
• Effective communication skills.

If you meet the above requirements and want to make a career-changing move, apply today by either filling in the online application form or by emailing your CV to [e-mail].

Please note that correspondence will only be conducted with shortlisted candidates for this position. Please consider your application unsuccessful if you do not hear from us within 3 days.