Manager : Inspection And Enforcement

Mogale Solution Providers; Pretoria; On-site; ZAR 1 400 000; Full time

Job summary

A financial compliance firm in Gauteng is seeking an experienced professional to manage inspections and enforcement under the FIC Act. You will be responsible for regulatory reporting, advising on compliance, and developing enforcement manuals. The ideal candidate will have a degree in Law and at least 8-10 years of relevant experience in compliance and forensic auditing. This position offers a competitive salary of 1.4 million per annum.

Qualifications

• Minimum of 8-10 years of relevant experience in specialized assessments.
• Proven management experience of at least 5 years.
• Knowledge of FIC Act and regulatory compliance.

Responsibilities

• Manage inspections and report on compliance.
• Develop and maintain inspectorate manuals.
• Provide advice on enforcement of the FIC Act.

Skills

Law

Anti-money laundering

Regulatory compliance

Forensic auditing

Management

Education

Degree in Law (NQF7)

Job description

Introduction

Manage inspections and enforcement of accountable and reporting institutions in terms of the Financial Intelligence Centre Act, No. 38 of 38, as amended (FIC Act).

Duties & Responsibilities

• Manage and report on FIC risk-based and supervisory body supported inspections
• Manage and report on effective, proportionate and dissuasive FIC administrative sanctions, and manage and report on appeals
• Manage, implement, monitor and report on effective remedial action undertaken through inspection and enforcement and identification of institutions for follow-up inspections, compliance reviews and / or enforcement action
• Provide advice on the supervision and enforcement of the FIC Act
• Assist in any applications, reviews and appeals emanating from inspections, sanctions and appeals in terms of the FIC Act
• Develop and maintain the inspectorate and enforcement manuals, processes and procedures
• Monitor and report on regulatory enforcement actions by supervisory bodies
• Provide presentations on inspections and enforcement to supervisory bodies, key stakeholders and the general public
• Guide and advise supervisory bodies on their supervision and enforcement obligations in terms of the FIC Act
• Provide input into AML / CFT risk assessment methodologies
• Build and maintain professional relationships with relevant stakeholders

Desired Experience & Qualification

• Degree in Law (NQF7)
• Postgraduate qualifications in anti-money laundering, forensic auditing or compliance management Experience
• Minimum of 8-10 years relevant experience in a broad spectrum of specialised assessments such as prosecution, forensic auditing, compliance, enforcement and / or information systems
• Minimum of 5 years of proven management experience
• Experience in a regulatory environment, compliance oversight or supervision will be an added advantage
• Knowledge of the FIC Act, international standards, and the requirements of other relevant legislation

Package & Remuneration

EE requirement: African Male and Female Salary: 1.4 million per annum

Interested?