About the position
JOB PURPOSE
Assist the data systems and reporting team in the implementation, monitoring and enhancement of the level of compliance related to compliance systems, registrations and data reporting requirements in accordance with the Financial Intelligence Centre Act, No. 38 of 2001, as amended (FIC Act) in order to support the overall strategic direction and objectives of the Compliance and Prevention division.
KEY PERFOMANCE AREAS
Compliance Systems Design Support
•Assist in the implementation and maintenance of an effective systems and reporting framework under guidance from the Senior Systems Compliance Analyst.
•Contribute to identifying enhancements to improve system and data reporting for compliance oversight of the FIC and other supervisory bodies.
•Assist in the development, validation and maintenance of Data Systems and Reporting user manuals and procedures to enhance traceability of compliance solutions.
•Assist in working with the ICT teams to implement and test system controls such as access controls, data encryption, logging and monitoring and provide relevant feedback that support compliance objectives under guidance from the Senior Systems Compliance Analyst.
•Assist in the development and maintenance of monitoring mechanisms to track the effectiveness of compliance controls and report on key compliance metrics under guidance from the Senior Systems Compliance Analyst.
Compliance Analysis and Reporting
•Assist in comparing internal- and external data, utilising relevant data collection methods, tools, and data sources to ensure the integrity of information on the FIC database and to have an up-to-date registration universe.
•Assist in identifying and investigating discrepancies, patterns and connections between compliance information sources to support compliance monitoring and reporting under guidance from the Senior Systems Compliance Analyst.
•Assist under guidance from the Senior Systems Compliance Analyst to prepare statistical information on registrations and reporting including trends and typology reports.
•Utilise basic relevant analytical techniques and methodologies to conduct analyses on compliance information to detect anomalies and trends regarding non-compliance by Accountable Institutions under guidance from the Senior Systems Compliance Analyst.
•Assist in profiling cases to understand compliance trends and risk prone entities.
•Assist in assessing supervised institutions' system capability and compliance reporting requirements within the industry sectors affected by the FIC Act.
•Assist in analysing the implications of new or updated regulations on existing compliance systems and processes in collaboration with the Data Systems and Reporting team and communicate information to relevant stakeholders.
•Assist in extracting, summarising and presenting compliance information in a manner that supports compliance monitoring data and systems under guidance from the Senior Systems Compliance Analyst.
Compliance and Prevention Advocacy and Awareness
•Assist in providing technical input, direction and guidance to supervisory bodies and regulated institutions regarding the implementation and compliance obligations of data streams and reporting to the FIC and the need to apply appropriate control measures.
•Advise management of compliance reporting challenges as appropriate.
•Assist in compiling reports and case studies for training purposes and benchmarking.
•Assist in compiling relevant webinar and roadshow information and presentations under guidance from the Senior Systems Compliance Analyst.
•Stay abreast of industry trends, best practices and new technologies in data analytics and intelligence reporting.
Stakeholder Management
•Assist in conducting briefings and presentations with FIC stakeholders and Accountable Institutions to gain insight and determine requirements for compliance monitoring and reporting support.
•Assist with the engagement and collaboration initiatives with national and international FIU's to understand emerging trends and technologies in the monitoring and reporting of mandatory compliance aspects.
•Ensure continuous stakeholder interface for seeking clarities, closing gaps, and enriching the data integrity of the compliance systems and reports.
•Participate in cross-functional projects when required.
•Represent the organisation at working groups, meetings, conferences, and seminars when required.
Risk and Compliance Management
•Assist in the development and enhancement of standards, processes, and policies within the Compliance and Prevention division.
•Assist in providing input into tactical plans and targets when required.
•Implement fraud controls, risk prevention principles, sound governance and compliance processes, and tools to identify and manage risks within the business unit.
•Assist in monitoring changes in the regulatory environment and the implementation of appropriate operational controls to address new requirements.
•Assist in providing evidence to internal and external audit requirements when required.
•Maintain quality risk management standards in line with the organisation's risk management framework.
•Maintain and enforce all related Service Level Agreements to minimise business risk and ensure business continuity.
•Adhere to all relevant laws, policies and Standard Operating Procedures throughout the organisation.
EDUCATIONAL AND EXPERIENCE REQUIREMENTS
Degree in Information Technology, Information Systems or Computer Science
Microsoft Data Analyst Certified (Preferred)
Microsoft Certified Solutions Associate Certification (Preferred)
SAS or SQL Certification (Preferred)
EXPERIENCE REQUIRED
1-2 Years in Information Technology, Information Systems or Computer Science
1 Year in Anti-Money Laundering and/or Counter Terror Financing monitoring and compliance systems
KNOWLEDGE REQUIRED
Open-Source Intelligence Collection
Scripting Languages
Technical Documentation and Procedure Development
Financial Intelligence Centre Act as amended
Data Storage and Processing protocols
AML/CFT/CPF protocols
Data Quality Assurance
Predictive analytics and modelling
Data Visualisation and Reporting
AI and ML methods in analytics
