Anti-Money Laundering Regulatory Specialist

Overview

A leading insurance company is looking for an experienced Anti-Money Laundering Regulatory Specialist to join their team based in Johannesburg .

Responsibilities:

• Attend to FICA ad-hoc issues,., KYC queries, reporting of cash transactions above threshold, suspicious transactions, section 27 requests and any other reports.
• Perform periodic reviews to ensure that all that CTR, STR and section 27 responses are accurate
• To perform AML functions on anon-going basis, including detection / reporting of suspicious transactions and activities
• Conduct reviews for the enhancement of the AML functions and perform AML risk assessment when required.
• Review and update Standard Operating Procedures, policies and guidelines from an AML perspective.
• Developing, maintaining and embedding enhanced AML/CTF & Sanctions policies
• Report and escalate all AML compliance risks and issues arising from interaction with Divisions.
• Provide expert advice on various AML/CFT & Sanctions issues affecting designated divisions as a result of compliance obligations.
• Provide advice and guidance on AML/CTF & Sanctions related matters to the business.
• Issuing compliance alerts.
• Publishing documentation on the intranet.
• Drafting communication and advice for internal use.
• Providing advice to line management on AML, KYC and Due Diligence.
• Provide training and coaching to partners and intermediaries on relevant AML, KYC and Due Diligence updates.
• Conducts on-going review of High Risks Customers including accounts opened by Politically Exposed Persons.
• Make sure that projects and tasks are prioritized in recognition of the compliance risk that the divisions and the Group may be exposed to.
• Assist with coordinating and facilitating on site regulatory visits whenever requested. Prepare Information on relevant regulatory interaction as requested.
• To provide and end-to-end investigations of financial crime related incidents
• Financial Crime Risk awareness and training.
• Marketing and communications required for the FCRM function.
• Financial Crime vulnerability assessments, Combined Assurance Reviews and Financial Crime Risk Assessments.

Requirements :

• Degree in Legal / Business/IT/Risk Management/Forensics/Audit and/or equivalent tertiary qualification
• Minimum Five (five) years anti-money laundering experience (Insurance Industry – Preferable)
• Analytical skills
• Reporting skills
• Data Management skills
• Facilitation skills
• Financial skills
• Knowledge of the legal and regulatory framework and the regulatory environment
• Presentation skills
• Report Writing
• Risk Management skills
• Effective communication skills

Full Time

Company Social