Senior AML Onboarding Officer - B. Com. Finance

Conducting AML Typology research and trends on a regular basis and assist with the review and maintenance of the RBA Framework; and

Conducting country risk research and updating the Firm's Country Risk Master Data Table on a regular basis.

The key responsibilities and duties :

• Accurately capture client data on the onboarding system;
• Conduct CDD in respect of clients;
• Conduct ad hoc and periodic reviews on existing client population;
• Conduct research in respect of various sources (eg CIPC, Department of Home Affairs, Who owns Whom, etc);
• Conduct Country Risk research and update the Country Master Data Table on a regular basis;
• Analyse sanctions, PEP and adverse media alerts on the system when onboarding clients and conducting client reviews. Distinguish between 'False Positives' and 'True Matches';
• Conduct EDD in respect of high-risk clients (including summarising adverse media reports, PEP assessments and review of sanctions against individuals, entities and countries);
• Prepare EDD templates for high-risk clients and submit same to the Risk Committee for consideration. Action the decision of the Risk Committee;
• Liaise with lawyers and secretaries to obtain outstanding CDD and EDD information;
• Attend to daily alerts raised by the onboarding system once ongoing screening is implemented to determine whether or not they are 'false positives';
• Ensure that CDD information is current when new matters are opened for existing clients. Update existing clients' CDD information and re-screen and re-rate existing clients with new matters;
• Analyse constitutive documents of entity type clients, share registers, shareholder agreements, etc. in order to determine the BOs for entity type clients and document evidence in respect of same;
• Ensure that regulatory reporting, eg. Cash Threshold Reports (CTRs) and Suspicious Transaction Reports (STRs) are lodged within the prescribed time-frames;
• Assist with the development and maintenance of the Firm's internal screening list;
• Ensure that all onboarding and reviews comply with the Firm's RMCP;
• Develop AML training material and facilitate training sessions;

Compile reports for the HoD and the Risk and Compliance Committee; and

Assist with various AML compliance projects and any other AML-related tasks as assigned.