Financial Crime Manager

Bidvest Bank Limited; Gauteng; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading bank seeks a manager for its Financial Crime Unit, responsible for implementing compliance strategies and overseeing teams. The role involves ensuring that operations align with regulatory requirements and addressing financial crime risks, while also enhancing team leadership and operational excellence.

Qualifications

• 5-7 years' experience in combating bank-related crimes.
• At least 5 years in the Financial Services Industry.
• Minimum of 3 years in a management role.

Responsibilities

• Implement compliance strategies within the Financial Crime Unit.
• Manage teams and ensure regulatory adherence.
• Monitor budgets and control costs.

Skills

Knowledge of Financial Crime Compliance regulations

Analytical skills

Numeracy

Education

Bachelor's Degree in Fraud Examination or related field

Certified Fraud Examiner (CFE)

Job description

Primary Purpose

This role is responsible for the implementation of FCU strategy within the Financial Crime Unit Framework.

The incumbent ensures that FCU provisions are strategically aligned with the bank's needs and regulatory requirements, mitigating the bank's exposure to fraudulent activities and maintaining a safe and secure environment.

This role also manages the teams within the Financial Crime Unit holistically.

Technical Competency Requirements

• Good knowledge of regulations related to Financial Crime Compliance, including the Financial Intelligence Centre Act, FAIS Act, POCA, Prevention and Combating of Organised Crime Act, PFMA, and Treasury regulations.
• Strong understanding of key regulatory issues and control assessment processes.
• Highly numerate with the ability to quickly and accurately assimilate information to inform decision-making.
• Ability to analyze trends and customer needs related to financial crime.

Minimum Education and Training

• Bachelor's Degree in Fraud Examination, Financial Forensics, Fraud Investigation, Law, Criminology, or a similar field.
• Certified Fraud Examiner (CFE).
• Extensive training in Criminal Justice, Forensic Investigations, and Prevention.

Minimum Work Experience

• 5-7 years of extensive experience in combating bank-related crimes and applying risk mitigation strategies.
• At least 5 years in the Financial Services Industry.
• Minimum 3 years in a management role.
• Experience advising on financial crime matters across diverse business activities.
• Experience developing and implementing compliance planning, monitoring, and reporting related to financial crime.

Key Performance Areas

Financial Management: Monitor budgets, control costs, and expenditures.

Customer Centricity: Improve policies and frameworks, implement fraud prevention measures, and ensure regulatory compliance.

Operational Excellence: Assist in investigations, ensure legal and regulatory adherence, and enhance control environments.

People Leadership: Inspire, motivate, and develop the team, ensuring effective resource planning and high performance.

Digital Journeys: Identify opportunities for digitization and automation to optimize fraud processes.

Compliance and Monitoring: Stay updated on evolving risks, analyze data trends, and manage risks proactively.

Stakeholder Management: Liaise with regulators, external advisors, and internal teams to implement strategies and maintain relationships.

Reporting: Produce management reports, analyze data, and communicate findings effectively.

Learning and Growth: Develop financial crime education initiatives and personal development plans.

Work Conditions: Office-bound position.