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

Centurion Centurion, Gauteng Tshwane, South Africa
Closing date
Mar 7, 2024

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Job Role
Contract Type
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.

  • 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.

  • 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.

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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