Manager: AML/CFT (Offsite)

SUMMARY:
A leading financial institution in Pretoria is seeking to appoint an experienced Manager: AML/CFT (Offsite) to manage its off-site Anti-Money Laundering, Counter-Terrorist Financing and Counter-Proliferation Financing (AML/CFT/CPF) supervision function.
The role is responsible for ensuring effective and efficient risk-based supervision in accordance with the organisation's regulatory obligations and supervisory responsibilities under the Financial Intelligence Centre Act 38 of 2001 (FIC Act).

POSITION INFO:
The successful candidate will be responsible for the following key performance areas:

• Lead and manage an AML/CFT team responsible for conducting off-site supervision and assessing compliance with the requirements and standards of the Financial Intelligence Centre Act (FIC Act), applying a risk-based supervisory approach.
• Identify emerging and evolving Money Laundering, Terrorist Financing and Proliferation Financing (ML/TF/PF) risks, including risks in jurisdictions where South African banks and insurance entities operate.
• Maintain and enhance risk-based supervisory tools to inform the frequency, scope and duration of on-site inspections.
• Develop, maintain and continuously improve the risk-based supervisory manual and framework.
• Develop and manage the annual supervisory calendar, ensuring that off-site activities, inspections and stakeholder engagements are aligned with a risk-based approach.
• Drive innovation and the use of technology to strengthen risk-based supervision, statistical reporting and stakeholder engagement.
• Oversee the development and implementation of an AML/CFT/CPF dashboard to support risk analysis, monitoring and reporting.
• Ensure that AML/CFT risk returns are analysed accurately and within prescribed timeframes.
• Oversee periodic sector risk assessments within the banking and life insurance sectors.
• Lead the development and drafting of AML/CFT/CPF guidance for internal and external stakeholders to support the effective implementation of risk-based supervision.
• Manage the performance, capacity development and professional growth of the AML/CFT off-site supervision team.
• Build and maintain effective relationships with internal and external stakeholders to strengthen regulatory compliance and supervisory effectiveness.
  
  
  

  Minimum Job Requirements

  To be considered for this position, candidates must possess:
  

  • A Postgraduate Degree in Analytics, Business Management, Data Science, Finance, Law or an equivalent qualification.
  • At least 10 years' AML/CFT compliance-related working experience within the financial services sector, a supervisory body or a regulatory environment.
  • A minimum of 2 years' experience in managing teams.

  Additional Requirements and Competencies

  Candidates should demonstrate the following:
  

  • A qualification in Financial Crime, AML/CFT Compliance Management or a related field will be an added advantage.
  • Sound understanding of the provisions and requirements of the Financial Intelligence Centre Act (FIC Act).
  • Working knowledge of AML/CFT/CPF systems, products and risk management practices within the financial services sector.
  • Excellent technical knowledge and understanding of the Risk-Based Approach (RBA).
  • Good understanding of the financial services sector and key developments in banking, insurance and collective investment schemes, both locally and internationally.
  • Understanding of regulatory supervision, prudential regulation and applicable legislation.
  • Ability to combine specialist technical expertise with technology-driven approaches to strengthen risk-based supervision.
  • Strong analytical, strategic thinking and problem-solving skills.
  • Excellent leadership, stakeholder engagement and communication skills.