Manager : Inspection And Enforcement

Manager : Inspection and Enforcement -

Financial Intelligence Centre -

Compliance and Prevention

Job Purpose

Manage inspections and enforcement of accountable and reporting institutions in terms of the Financial Intelligence Centre Act, No. 38 of 38, as amended (FIC Act).

Key Performance Areas

Manage and report on FIC risk-based and supervisory body supported inspections

Manage and report on effective, proportionate and dissuasive FIC administrative sanctions, and manage and report on appeals

Manage, implement, monitor and report on effective remedial action undertaken through inspection and enforcement and identification of institutions for follow up inspections, compliance reviews and / or enforcement action

Provide advice on the supervision and enforcement of the FIC Act

Assist in any applications, reviews and appeals emanating from inspections, sanctions and appeals in terms of the FIC Act

Develop and maintain the inspectorate and enforcement manuals processes and procedures

Monitor and report on regulatory enforcement actions by supervisory bodies

Provide presentations on inspections and enforcement to supervisory bodies, key stakeholders and general public

Guide and advise supervisory bodies on their supervision and enforcement obligations in terms of the FIC Act

Provide input into AML / CFT risk assessment methodologies

Build and maintain professional relationships with relevant stakeholders

Management Competencies

Delivery and Success

Directs, controls and enhances resources to produce operating results and meet specific objectives and deliver agreed results

Focuses continuously on delivery as per predefined plans

Makes changes to improve performance and reduce risk

Anticipates and resolves problems to ensure targets are achieved within agreed deadlines and standards

People Management

Manages workflows and plans and ensures clarity around accountabilities

Ensures that the functions objectives are well known and achievable

Ensures that the area's objectives are met by scheduling and prioritizing activities, allocation of work, resourcing and individual's performance so that the highest level of output and quality is achieved

Leads subordinates so that they collaborate competently and with full commitment with manager and others in pursuing the goals set

Performance is actively managed

Encourages and enables teamwork

Planning and Organising

Directly plans and reports on units outputs; identifies any possible deviations and problems which will affect output and develops and implements alternative plans

Develops and plans functional units quarterly plan in line with the area's annual

Reports on work plans – achievement of quantity, quality and time targets

Resources Management

Budget for inspection and enforcement activities and manage and control the budget allocated

Manage allocated resources to ensure effective and efficient delivery

Make recommendations on resources and budgetary requirements for annual planning purposes

Controls costs through effective management of principle business or operating process variables

Operationalizes plans and deploys resources to meet clearly calculated plans and objectives over a typical bi-annual horizon

Governance, Risk management, Compliance

Ensure compliance with code of conduct, policies, procedures and legislative requirements

Provides input into budget for the division

Contribute to the development and maintenance of divisional and organisational policies

Education, Skills and Experience

Education : Degree in Law (NQF7)

Postgraduate qualifications in anti-money laundering, forensic auditing or compliance management

Minimum of 8-10 years relevant experience in a broad spectrum of specialised assessments in fields such as prosecution, forensic auditing, compliance, enforcement and / or information systems

Minimum of 5 years of proven management experience

Experience in a regulatory environment, compliance oversight or supervision will be an added advantage

Knowledge of the FIC Act, international standards, and the requirements of other relevant legislation

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