About the position
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, to supervised institutions under the FIC Act.
• Assist with setting up, maintaining and enhancing 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 systems and data reporting compliance oversight of the FIC and other supervisory bodies.
• Engage users to determine business requirements of compliance systems.
• Gather and document business requirements of compliance systems.
• Monitor and report on the state of compliance by Accountable Institutions with registration and reporting obligations.
• Assist with remediation processes applied to non-compliant reporting and reporting failures of Accountable Institutions, including Directive 3A remediation, and monitoring the state of remediation in terms of the FIC Act requirements.
• 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, SKILLS AND EXPERIENCE
Education
• Bachelor's degree in computer engineering, Computer Science, Information Technology and Systems, Business Systems and Process Analysis, Data Science or other ICT equivalent qualifications.
• Qualifications in anti-money laundering, compliance management and or forensics would be advantageous.
Experience
• Minimum 3 (three) years' experience in an ICT relevant field, including practical experience in the application of compliance systems, of which 1 year must be practical experience in the AML/CFT environment.
• 1 Year data management experience is a pre-requisite.
• 1 Year MIS and statistical reporting experience using Business Intelligence and Dashboards is advantageous.
• ICT systems auditing experience would be desirable.
• Excellent communication skills (oral and written).
• Project management skills.
• An intermediate to advanced level of computer literacy.
