Systems Compliance Analyst at Financial Intelligence Centre

Financial Intelligence Centre; Pretoria; On-site; ZAR 400,000 - 600,000; Full time

Job summary

The Financial Intelligence Centre is seeking a compliance expert to implement and monitor compliance related to data reporting in accordance with the FIC Act. The ideal candidate will have a strong background in computer science, data management, and compliance systems, with proven experience engaging with various institutions to enhance reporting compliance oversight.

Qualifications

• Minimum of 3 years' experience in compliance/risk, with 2 years in AML/CFT.
• Experience in data management and ICT systems auditing is essential.
• Strong analytical skills and tools development for compliance monitoring.

Responsibilities

• Implement and monitor compliance with FIC Act reporting requirements.
• Conduct system reviews and assess reporting capabilities of institutions.
• Engage stakeholders to gather and document business compliance requirements.

Skills

Compliance management

Data management

Communication

Project management

Technical expertise

Education

Relevant University Degree in Computer Science

Qualifications in anti-money laundering

Qualifications in compliance management

Job description

Job Purpose

Implement, monitor and enhance the level of compliance related to systems and data reporting requirements in accordance with the Financial Intelligence Centre Act, No. 38 of 2001, as amended (FIC Act).

Key Performance Areas

Technical Competencies

• Provide expertise and advice on anti-money laundering compliance requirements pertaining to registrations, data streams and reporting to the FIC and the need to implement appropriate systems and processes by supervised institutions under the FIC Act;
• Assist with setting up of reporting streams based on the FIC's technical system requirements;
• Conduct on-site and desktop system and reporting reviews of supervised institutions;
• Assess supervised institutions' system capability and compliance reporting requirements within the industry sectors affected by the FIC Act;
• Identify enhancements to improve system and data reporting compliance oversight of the FIC and other supervisory bodies;
• Engage users to determine business requirements
• Gather and document business requirements
• Monitor and report on the state of compliance by Accountable and Reporting Institutions with registration and reporting obligations.
• Assist with remediation processes applied to non-compliant reporting and reporting failures of Accountable and Reporting Institutions, including Directive 3 remediation, and monitoring the state of remediation in terms of FIC requirements and instructions.
• Assist with the provision of reporting information for compliance reviews, inspections and or enforcement matters at the request of FIC or Supervisory Bodies, relating to compliance with registration and reporting requirements in terms of the FIC Act;
• Monitor developments within the ICT environment and recommend new processes, technologies and/or systems to enhance systems and data reporting compliance;
• Assist in developing diagnostic tools and applications to facilitate the monitoring, risk assessment and enforcement of FIC Act compliance;
• Engage with other FIC divisions in order to assess reporting compliance.
  
  

Education

• Relevant University Degree in Computer Science, Information Systems or equivalent
• Qualifications in anti-money laundering, compliance management and or forensics would be advantageous
  
  

Experience

• At least 3 (three) years' experience in a relevant field whilst 5 (five) years' experience would be advantageous, i.e. compliance/risk experience, including practical experience in the application of compliance systems, of which 2 (two) years must be practical experience in the AML/CFT environment;
• Data management experience is a pre-requisite;
• ICT systems auditing experience would be desirable;
• MIS and statistical reporting experience using Business Intelligence and Dashboards;
• Excellent communication skills (oral and written);
• Project management skills;
• An intermediate to advanced level of computer literacy.