Manager: AML / CFT (Onsite)

Bomkazi Consulting; Gauteng; Presencial; ZAR 1 200 000 - 1 800 000; Tempo integral

Resumo da oferta

Bomkazi Consulting is seeking aSenior AML/CFT Compliance Manager to lead an inspections and on-site supervision team ensuring banks' compliance with the FIC Act and AML/CFT standards. Role includes developing manuals, planning inspections, and delivering findings with actionable recommendations.

You will oversee risk-based inspections, coordinate with banks and life insurers, and report progress to management.

Qualificações

• Postgraduate qualification in Finance, Law, Business Management or relevant field.
• Minimum of eight years AML/CFT compliance experience in financial services, supervisory body or regulatory environment.
• At least two years of experience managing teams.

Responsabilidades

• Lead and manage the AML/CFT team responsible for inspections and on-site supervision for banks' AML/CFT and CPF compliance.
• Develop and maintain worksheets and process manuals for inspections and on-site reviews.
• Attend a programme of inspections and reviews with banks and life insurers annually.
• Handle administrative arrangements for each inspection and on-site review.
• Maintain a project plan for individual inspections and reviews.
• Execute inspections and on-site reviews at bank and life insurer premises.
• Produce inspection and on-site review findings reports and closing letters with recommendations.
• Ensure inspections are risk-based and effective.
• Provide management information on inspection progress.
• Manage the performance of the AML/CFT team.

Conhecimentos

Team leadership

Regulatory knowledge

Report writing

Formação académica

Postgraduate qualification in Finance/Law/Business Management

Descrição da oferta de emprego

The successful candidates will be responsible for, among other tasks, the following:

• Lead and manage the AML/CFT team responsible for conducting high-quality inspections and on-site supervision pertaining to banks' compliance with the provisions of the FIC Act with regard to AML/CFT and CPF, and undertake reviews to assess compliance with AML/CFT requirements and standards.


• Assist with the development and maintenance of worksheets and process manuals for conducting inspections and on-site reviews.


• Attend to a programme of inspections, reviews and other interactions with banks and life insurers to be undertaken per year in terms of the department's supervisory calendar.


• Perform the duties relating to the administrative arrangements for each inspection and on-site review.


• Maintain a project plan to be followed for individual inspections and on-site reviews.


• Execute inspections and on-site reviews at the premises of individual banks and life insurers.


• Conclude inspections and on-site reviews at banks and life insurers by producing inspection and on-site review findings reports and closing letters to the management of banks and life insurers, with appropriate recommendations to address the identified weaknesses.


• Ensure that on-site inspections are risk-based and effective.


• Provide management information in respect of the progress of inspections and on-site reviews.


• Manage the performance of the AML/CFT team.

Job requirements

• a postgraduate qualification in Finance, Law, Business Management or any other relevant qualification;


• a minimum of eight years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and


• a minimum of two years of experience of managing teams.

Additional requirements include:

• a strong understanding of the provisions of the FIC Act;


• an understanding of PA supervision, regulation and legislation;


• working knowledge of AML/CFT systems, products and risk management practices within the financial services sector;


• knowledge of the financial services sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad; and


• report-writing skills.