About the position
ENVIRONMENT:
OUR client, a fast-growing digital banking platform redefining traditional banking through innovative, technology-driven solutions, is seeking a highly meticulous AML Compliance Officer to join its team. You will assist with framework design, help analyse suspicious and unusual transactions while monitoring compliance with the RMCP and implemented AML controls. The ideal candidate will have a Degree/Diploma in Compliance or Risk Management with a minimum of 3-5 years spent in an AML / Compliance environment in the financial industry [FinTech, Insurance, Banking) with an in-depth understanding of AML legislation, specifically the FIC Act (preferably also POCA, PRECCA and POCDATARA).
DUTIES:
Assist with framework design -
- Provide feedback to HoC on changes / additions required to the RMCP.
- Assist MLCO and HoC with formulating Annual AML Compliance Monitoring Plan for the bank and its alliance partners.
- Assist in identifying weaknesses in processes and controls designed to ensure compliance; and provide guidance on how these can be improved.
Operational implementation -
- Ensure / Facilitate implementation of the RMCP, including processes and practices.
- Work with (guide) the AML Operations / Investigations team in analysing suspicious and unusual transactions.
- Approve / decline reports to the Regulator (done along with the MLCO).
- Assist with preparing and manging responses to various types of regulatory requests.
Monitoring -
- Monitor compliance to the RMCP and implemented AML controls - across the bank and its alliance partners.
- Ensure identified AML risks are monitored, reported, and escalated to the relevant persons and/or Committees, and that corrective actions are implemented to remediate the issues.
- Compile monitoring reports for the Risk and Compliance Committees as well as the Board Committee.
REQUIREMENTS:
Qualifications -
Although strong AML work experience with a combination of other relevant compliance qualifications will be considered, the below is preferred.
- Tertiary qualification (Degree or Diploma) in Compliance or Risk Management.
- Compliance / AML Certificate e.g. Certified AML Specialist (CAMS) Certification is advantageous.
Experience/Skills –
- At least 3-5 years spent in an AML / Compliance environment in the financial industry [FinTech, Insurance, Banking - Audit firms as a lower priority].
- In-depth understanding of AML legislation, specifically the FIC Act (preferably also POCA, PRECCA and POCDATARA)
- Typical AML controls to implement to ensure compliance.
- The importance and consequences of non-compliance with legislation.
- Understanding the AML Compliance Monitoring process.
ATTRIBUTES:
- Attention to detail, a non-negotiable.
- Ability to work in a fast-moving, semi-structured, create-as-you-go environment.
- Able to work flexibly across various businesses with differing cultures (because bank plus alliance partners).
- Writing skills (for reports).
- High energy, and willingness to perform above expectations.
- Eager to learn and develop.
- Relationship Management within the bank and its alliance partners, and (when more senior) also with the relevant Regulators.
Desired Skills:
- Analysis
- Anti-money Laundering (AML)
- Banking
- Finance
- Risk Management
About The Employer:
OUR client, a fast-growing digital banking platform redefining traditional banking through innovative, technology-driven solutions
