Anti-Money Laundering Regulatory Specialist - MIDRAND
Industry: Finance / Job Expires: 2018-08-14 12:00:00 / Location: Gauteng
CRITICAL COMPETENCIES
- Analytical Skills
- Reporting skills
- Data Management Skills
- Facilitation Skills
- Financial skills
- Knowledge of the legal andregulatory framework and the regulatory environment
- Presentation Skills
- Report Writing
- Risk Management skills
- Strong communication skills
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KEY PERFORMANCE AREAS
STR/ CTR/ Section 27 & OtherReports
- Attend to FICA ad-hoc issues,i.e., KYC queries, reporting of cash transactions above threshold, suspicioustransactions, section 27 emails and any other reports.
- Keep abreast of all AML/FATFdevelopments and ensure same is communicated to business where relevant.
- Monitor & perform abi-weekly recon to ensure that each and every deposit or payment is reported to the Centre which is in line with the Cash Transaction Report (CTR) process, within twenty-four (24) hours after the deposit was made, and / or no later than two (2) days after the date on which the cash transition exceed the prescribed limit.
- Review the register that should be maintained by the AML administrator and AML Investigators to ensure that the CTR /STRs are properly investigated and processed daily.
- Escalate with immediate effect any non-compliance occurrence to the Head of AML in relation to failures by the Bank to comply with CTRs, STRs and other reports as required by
- Perform recons and reviews to ensure that all that CTR, STR and section 27 responses are accurate
- Compile monthly reports and distribute to role players
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AML/CFT; Sanctions Compliance and Monitoring
- Undertaking /performing comprehensive Anti-Money Laundering Monitoring within the group incorporating both the local requirements as well International Best Practices (FATF Recommendations, FCA Guidance Notes, Wolfs berg Principles, etc.).
- To perform AML functions on anon-going basis, including detection / reporting of suspicious transactions and activities
- Conduct reviews for the enhancement of the AML functions of the Bank, and perform AML risk assessment when required.
- To assist in the development and promotion of risk-based tools/monitoring systems and maintenance of the AML related database.
- Review and comment on the company’s manuals, policies and guidelines from an AML perspective.
- Developing, maintaining and embedding enhanced AML/CTF & Sanctions policies and standards across the group.
- Address queries from business units relating to the Internal Rules, KYC, STRs, CTRs and Record Keeping.
- Report and escalate all AML compliance risks and issues arising from interaction with Business Units promptly
- Respond promptly to information requests from Line Management, Group Compliance, Compliance Champions and other relevant stakeholders.
- Maintain professionalism in all verbal and written communication with stakeholders.
- Discuss emerging or current AML/CFT & Sanctions issues with the Head of AML and escalate or resolve these issues where possible.
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Advisory, Awareness and Enhanced Due Diligence
- Provide expert advice on various AML/CFT & Sanctions issues affecting designated business units as a result of compliance obligations.
- Provide advice and guidance on AML/CTF & Sanctions related matters to the business.
- Creating awareness of legislative requirements and TCF and ensuring that staff are aware of and competent in all aspects of compliance, inter alia through conducting presentations.
- Issuing compliance alerts.
- Publishing documentation on the intranet.
- Drafting communication and advice for internal use.
- The above requirements may occur directly or through guidance of compliance champions or the relevant training division.
- Assist with the development of training materials for induction/awareness programs, annual and adhoc training to ensure that the Group implements internal rules and complies with AML/CFT and related requirements.
- Providing advice to Line an augment on AML, KYC and Due Diligence.
- Review client files against applicable policies, procedures and processes.
- Provide training and coaching to Consultants on relevant AML, KYC and Due Diligence updates.
- Conducts on-going review of High Risks Customers including accounts opened by Politically Exposed Persons.
- Interpret reports (CDD, PEP, Sanctions) and review accounts to ensure Compliance with AML
- Ensure Enhanced Due Diligence, PEP reviews and sanctions checks are completed within appropriate time scales using external databases or any other methods used by the company.
- Resolve Enhanced Due Diligence issues and prepare accurate and timely
- Identify and report suspicious transactions to the management team arising in the review of Customer EDD, PEP and Sanctions Reviews.
Complete projects and tasks allocated
- Ensure that projects and tasks allocated are carried out and completed on time and to the satisfaction of the relevant affected business units.
- Make sure that projects and tasks are prioritised in recognition of the compliance risk that the business unit and the Group may be exposed to.
- Assist in a timeous manner on all Ad-hoc responsibilities assigned to the team.
- Represent the department from time to time at various industry meetings and conferences, such as BASA, etc.
- Assist with co-ordinating and facilitating on site regulatory visits whenever requested.
- Prepare Information on relevant regulatory interaction as requested.
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Customer
- Create and maintain productive relationships with internal and external clients by providing advice and assistance
- Create understanding of the real versus perceived need through experience and expertise while complying with company polices legislation and regulations
- Keep the client informed about progress through written communication, telephone communications and/or face to face meetings
- Build a positive image, by exceeding client expectations at all times
- Treat internal and external customers fairly at all times
Please email CV to info@heitha.co.za