Job Description

The purpose of this job is to plan, lead and conduct inspections in terms of the FIC Act; oversee the administration of the inspection process; and provide guidance and advice to Supervisory Bodies.KEY PERFORMANCE AREAS:JOB PURPOSE

• Research and identify suitable accountable and reporting institutions for inspections, utilising the risk base approach.
• Conduct inspections on accountable and reporting institutions to assess the levels of compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001 (the FIC Act).
• Correctly assess the levels of compliance with the FIC Act by accountable and reporting institutions.
• Collect and maintain the integrity of information evidencing the levels of compliance with the FIC Act.
• Draft and process inspection reports detailing the level of compliance by inspected institutions.
• Recommend appropriate remedial action to remedy any non-compliance.
• Conduct research on domestic and international AML compliance and enforcement trends.
• Guide and advise accountable institutions, reporting institutions and supervisory bodies regarding compliance with the FIC Act.
• Guide, advise and mentor inspectors.

• Know and understand the provisions of the FIC Act and other anti-money-laundering legislation and international standards.
• Correctly evaluate and assess the level of compliance with the provisions of the FIC Act by inspected institutions.
• Secure accurate, reliable and admissible evidence to support conclusions on the inspected institution's level of compliance with the FIC Act.
• Draft inspection reports detailing inspection findings and conclusions.
• Attend and respond to correspondences relating to inspections and other general matters
• Guide and advise accountable, reporting institutions and supervisory bodies on compliance with the FIC Act.
• Guide, advice and mentor inspectors.
• Conduct general and legal research.
• Deliver on operational goals and tasks with minimal supervision.

• Relevant University Degree and working towards Post Graduate (Law and Commerce).
• At least eight (8) years' experience in a relevant field i.e. prosecution or forensic auditing or information systems or regulatory experience
• Knowledge of the FIC Act, other anti-money laundering legislation and international anti-
• Money laundering standards
• Advanced investigative and analysis skills
• Advanced legal drafting skills
• Good written and verbal communication skills
• Good people management skills
• Intermediate to advanced level of computer literacy, including MS Word, MS Access, MS Project; MS Excel, MS Power Point
• A high level of judgement and integrity
• FIC Act compliance experience advantageous
• Managerial experience advantageous

Financial Intelligence Centre