Job Description

Job SummaryMAIN PURPOSE OF THE JOB

• To lead the Anti-Money Laundering (AML) Programme function, including Financial Crime, Sanctions by providing strategic direction and focus and by establishing and promoting a compliance culture within the Group.
• To ensure that the Bank complies with all relevant statutory, regulatory and supervisory requirements that pertain to its particular industry as well as professional standards, accepted business practices and internal standards in relation to Anti-Money Laundering and Counter Terrorist Financing.
• To ensure that the Banks corporate governance processes and internal policies are sound and embedded within the organization in relation to Financial Crime and AML and Counter Terrorist Financing.
• To ensure that the Bank conducts its business in an ethical manner and to promote an ethical culture within the Bank thereby assisting to manage risk, maintain a positive reputation.
• Monitor transactions and conducting diligence on counterparties to detect and prevent suspicious activities
• To create awareness and educate employees and management at all levels as well as instituting practices that will ensure the highest possible level of compliance and risk.
• Participating in and supporting the Board and Board sub-committees in effective management of compliance risks.
• To be registered with the FIC as the Bank's Money Laundering Reporting Officer and Compliance Officer and to satisfy all the regulatory duties of the Compliance Officer as prescribed by the FIC Act.
• To develop and implement a robust Financial Crime Risk Management Framework.
• To develop and Implement policies and procedures designed to deter and detect money laundering and terrorist financing.
• To implement a risk based approach for AML, including identifying potential red flags.
• To support the Credit and other transactional processes in ensuring sanctions/PEP screenings are undertaken upfront and report submitted to the various committees up to Board for approval.
• To ensure that all independent audits of the AML program are conducted and findings/gaps reported to Head of Compliance and CRO.
• Ensure all findings and gaps identified are addressed within scheduled time lines.
• To develop relationships with our stakeholder and prepare for various inspections including participation in industry forums.

Preferred Minimum Education and Experience

• Degree in Compliance, law, audit, risk management, Finance, Economics or similar. Post graduate qualifications in compliance management or related, have CISA accredited Compliance Practitioners. Meet the requirements of fit and proper as prescribed by the Compliance institute of Southern Africa.
• Accreditation as an Anti-Money Laundering Officer, certified anti-money laundering specialist (CAMS), ACAMS membership
• 10 years Compliance management experience
• 5-8 years AML experience

Critical Competencies

• Microsoft Office
• Knowledge of enterprise risk management principles including financial crime
• Knowledge / Experience of compliance and AML systems / tools
• Compliance and AML Management Principles and Processes
• Knowledge of Compliance related legislation, including all AML regulations
• Knowledge and interpretation skills of all applicable legislation to the business of the Bank and ability to communicate on advanced level.

Additional Requirements

• Travel as and when required
• Extended hours as and when required.
• Act as second line of defense as required in the Enterprise Risk management framework and combined assurance model.

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