Anti-Money Laundering Regulatory Specialist

Hire Resolve; Gauteng; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Hire Resolve is seeking an experienced Anti-Money Laundering Regulatory Specialist for a Johannesburg-based role with a leading insurer. You will oversee KYC queries, CTR/STR reporting and section 27 responses, and perform ongoing AML risk assessments.

You will develop, embed and maintain enhanced AML/CTF and sanctions policies, and provide expert guidance to divisions on compliance obligations while coordinating regulatory visits.

Qualifications

• Degree or equivalent in Legal/Business/IT/Risk Management/Forensics/Audit.
• Minimum five years anti-money laundering experience in insurance (preferred).
• Strong analytical, reporting and data-management capabilities.

Responsibilities

• Attend to FICA issues: KYC queries, cash transaction reporting, suspicious activity reports.
• Perform periodic AML reviews and ensure CTR/STR responses are accurate.
• Investigate and report AML/CFT incidents and advise on sanctions matters.
• Update SOPs, policies and guidelines from an AML perspective.
• Provide AML training and guidance to management and partners.

Skills

Analytical skills

Reporting skills

Data Management skills

Facilitation skills

Financial skills

Knowledge of regulatory framework

Presentation skills

Report Writing

Risk Management skills

Effective communication skills

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 anon-going 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 elevate 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.
• Conducts on-going review of High Risks Customers including accounts opened by Politically Exposed Persons.
• Make sure that projects and tasks are prioritizedin recognition of the compliance risk that the divisions and the Group may be exposed to.
• Assist with coordinatingand 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.

Requirements:

• Degree in Legal / Business/IT/Risk Management/Forensics/Audit and/or equivalent tertiary qualification
• MinimumFive (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