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Anti-Money Laundering Officer at Small Enterprise Finance Agency - Gauteng, Centurion

Employer
SEFA
Location
Centurion Centurion, Gauteng Tshwane, South Africa
Salary
Competitive
Closing date
Mar 7, 2024

View more

Job Role
Other
Sector
Finance
Contract Type
Permanent
Hours
Full Time
JOB TITLE: Anti-Money Laundering Officer (12 Months Fixed Term Contract)

PURPOSE OF THE JOB: Reporting to the Manager: Compliance, the successful candidate will assist and support the company in complying with all the anti-money laundering control legislation (e.g. FATF recommendations, POCA, PRECCA, FICA, POCDATARA) applicable to sefa. Additionally, he/she will also be required to assist in facilitating regulatory related submissions to the Prudential Authority in respect of a Credit Guarantee Scheme company (A wholly owned subsidiary of sefa).

KEY PERFORMANCE AREAS: The incumbent will be required to perform, inter alia, the following key focus areas:
  • Develop and review AML governance documents for approval and implementation;
  • Compile and continuously update, manage and execute an AML Compliance coverage plan, detailing the compliance risk identification, assessment, management, monitoring and reporting activities to be undertaken for a financial year;
  • Apply processes and practices to ensure AML, CFT & Sanctions obligations are well understood, in embedding into the business processes, monitored appropriately, and subject to review at least annually.
  • Manage screening requirements, listing searches, media and googles searches for new and existing clients;
  • Timely escalation of an ML/TF risks, breaches and/or spikes to Senior Management to ensure it is attended to and remediated within applicable regulatory timelines.
  • Compilation, review and tabling of PEP/PIP reports to governance structures.
  • Update and monitor the Compliance Risk Management Plan for the Insurance Act and legislation applicable to Khula Credit Guarantee's business.
  • Provide AML compliance advice to Departments on the requirements of the Risk Management and Compliance Programme and related documents.
  • Facilitate the procurement an AML System as well as managing the SLA with appointed service provider;
  • Ensure that sefa comply with all applicable anti-money laundering control legislative requirements (e.g FATF recommendations, POCA, PRECCA, FICA, POCDATARA)
  • Collation and coordinating of information for updating the Compliance Quarterly Report.
  • Representation of Compliance in the regulatory/internal committees.
  • Communicate effectively, provide support and create awareness on AML and Insurance (Khula Credit Guarantee) legislation with Managers and governance structures.
  • Train staff on AML and Insurance related legislation; establishing and maintaining a culture of compliance.
  • Stay abreast of latest developments on AML and Insurance regulatory requirements.

EDUCATION & EXPERIENCE:
  • A BCom/ Legal qualification is required.
  • 3 to 5 years compliance management experience in a commercial, financial or banking environment.
  • Accredited or certified member of the Compliance Institute of South Africa.
  • Exposure to or knowledge of SME/ development finance sector would be an advantage.

CRITICAL COMPETENCIES:
  • Understanding of Corporate Governance and King IV.
  • Risk Management.
  • Corporate governance.
  • Understanding of Corporate governance principles.
  • Financial Management.
  • Quality management.
  • Policy implementation.
  • Stakeholder management.
  • Project management.
  • An understanding of the strategic delivery requirements of Credit Guarantees.
  • Understanding of compliance information systems.

EMPLOYMENT EQUITY:
sefa is an equal opportunity employer, and as such preference will be given to qualifying candidates from the designated groups.

Desired Skills:
  • Corporate Governance
  • King IV
  • Risk Management
  • Financial Management
  • Quality Management
  • Policy Management
  • Compliance Management
  • Compliance Institute of South Africa
  • Anti-Money Laundering

Desired Work Experience:
  • 2 to 5 years

Desired Qualification Level:
  • Degree

About The Employer:

Small Enterprise Finance Agency Soc Ltd (sefa), a development finance institution (DFI), established to provide access to finance for Small, Medium and Micro Enterprises (SMMEs) including Co-operatives seeks to employ an Anti-Money Laundering (AML) Officer. sefa is a wholly owned subsidiary of the Industrial Development Corporation (IDC) and is an entity under the Executive Authority of the Department of Small Business Development (DSBD).

Employer & Job Benefits:
  • N/A

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