Money Laundering Compliance Officer

Money Laundering Compliance Officer page is loaded

Money Laundering Compliance Officer

Apply remote type Hybrid locations Pinelands time type Full time posted on Posted Yesterday job requisition id JR-53625 Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description Role overview This exciting opportunity exists within the Old Mutual Group Compliance team, for someone who is passionate and experienced in the area of Anti-Money Laundering (AML), Combatting of Terrorist Financing (CTF) and Combatting of Proliferation Financing (CPF).  The role chiefly centres on the responsibilities of section 42 of the Financial Intelligence Centre Act, No. 38 of 2001, as amended (FIC Act) for Old Mutual Life Assurance Company (South Africa) Ltd (OMLACSA), Old Mutual Alternate Risk Transfer (Pty) Ltd (OMART) and selected smaller Accountable Institutions within the Old Mutual Group. The role will report into the Compliance Executive: AML Risk Management and Compliance Key Result Areas The role will be responsible for the following key result areas:

• Maintain and embed enhanced AML/CTF & Sanctions policies and standards across Old Mutual South Africa (OMSA).
• Oversee the adherence to the Old Mutual Risk Management and Compliance Programme (RMCP) in line with section 42 of the FIC Act.
• Oversee the provision of AML /CTF /CPF training across all OMLACSA business units and selected other smaller accountable institutions (AIs), ensuring appropriateness of content and application to appropriately identified staff, to ensure completeness of training,
• Provide advice and guidance on AML/CTF/CPF & Sanctions related matters to the business and Compliance Community including advice on the impact, interpretation and changes in AML/CTF/CPF legislation & Sanctions regulations. This will mean working with the business to develop and implement appropriate procedures and controls to ensure compliance with this legislation and regulation.
• Provide 2nd line oversight over the management of the AML/CTF investigations and regulatory reporting of Cash Threshold and Cash Threshold Aggregation Reports, Suspicious Transaction and Suspicious Activity Reports and Terrorist Property and Terrorist Activity Reports to ensure that alerts generated from the automated and manual systems are fully investigated and appropriately reported. This would include ensuring that any additional follow-up investigations around such transactions are completed.
• Oversee the provision of insightful Management Information back to business on the insights generated across the various reports.
• Provide input into the operationalisation of a Risk Based Approach to AML, CTF and CPF.

Requirements: Skills, Qualifications, Experience required Qualifications

• Tertiary Legal or Commercial qualifications, with a minimum of 8 years work experience, of which 3 years should ideally be directly relevant to this role.
• Certificate in AML would be advantageous.

Skills and Experience

• An excellent communicator who can adapt to different levels of audience expertise and different sizes of audiences in both their written and verbal communication.
• Good business acumen.
• Good inter-personal skills, including influencing skills.
• Self-starter, able to show initiative and work with minimal guidance.
• Capacity to work under pressure and meet tight deadlines.
• Solution-driven, passionate and energetic.
• Possess a strong sense of ownership and initiative.

Skills Education Bachelor of Commerce (BCom) (Required), Certificate (Cert): Insurance Closing Date 10 May 2024 The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. The Old Mutual Story!

About Us

Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience. #J-18808-Ljbffr