Money Laundering Reporting Officer

Full-time
Money Laundering Reporting Officer (Non – Accountable/ Reporting Institution)
Fidelity Services Group
Roodepoort, Gauteng
Permanent

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Posted 05 November 2021 – Closing Date 22 November 2021

Job Details

Job Description

A position for a Money Laundering Reporting Officer exists at the Group Risk department, reporting to the Group Legal Manager. The overall purpose of this position includes but are not limited to managing processes related to the anti-money laundering practices, combating financing of terrorism and counter proliferation financing. Advice and guidance to the Group on the risk mitigation related to best practices and processes aligned to the responsibilities as listed below.

Roles and Responsibilities:

  • Provide oversight of Fidelity Services Group (“FSG”) financial crime control efforts and report back to senior management on FSG’s efforts to mitigate financial crime;
  • Document all processes related to the Anti-Money Laundering (“AML”), Combating the Financing of Terrorism (“CFT”), Counter Proliferation Financing (“CPF”) and sanction control functions (collectively called financial crime);
  • Review AML/CFT/CPF policy statement and relating processes on an annual basis;
  • Collate and co-ordinate suspicious alert reports submitted by the rest of the business units;
  • Conduct suspicious activity and transaction investigations based on the information provided in the suspicious alert reports;
  • Submit section 29 (Financial Intelligence Centre Act, 38 of 2001) reports to the Regulator via GoAML;
  • Conduct ongoing monitoring and assurance testing in terms of financial crime controls;
  • Conduct predefined and limited real-time sanction screening of customers at the time of onboarding as well as at client review;
  • Prepare and conduct annual AML, CTF, CPF and sanctions awareness training throughout FSG and more advance level training to the higher-risk areas within FSG;
  • Liaise directly with Regulators on any financial crime related issues;
  • Prepare high-level weekly, monthly and quarterly reports on key risk areas to senior management; and
  • Liaise with various frontline business units and representatives to provide ad-hoc assistance with queries and general financial crime control advice.

Qualifications and Experience:

  • Bachelor’s degree in Law or diploma in Financial Crime/ Criminology;
  • Experience conducting investigations and filing section 29 FICA reports with the Regulator is essential;
  • Knowledge of the FIC reporting platform (goAML) and the various reporting nodes is advantageous;
  • Exposure to or experience in a Compliance or Risk management is beneficial; and
  • Knowledge of FICA and other relevant financial crime control legislation.

Competencies Required:

  • Excellent organisational skills;
  • Excellent verbal and written communication skills, which include report writing;
  • Interpersonal and client relationship building skills (especially with financial institutions, the Regulator and different business units within FSG);
  • Investigative skills;
  • Ability to work independently and as part of a team;
  • Lateral thinker;
  • Professionalism, exceptional time and self-management.
  • Attention to detail
  • Presenting and communicating information
  • Deadlines driven
  • Working with people

 

Interested candidates whose credentials best match the requirements can send their CV’s, STATING THE POSITION YOU ARE APPLYING FOR, before close of business on Monday 22 November 2021.

michellel@fidelity-services.com

We reserve the right not to make an appointment to any advertised position. Whilst preference is given to existing employees at all times and the choice made is purely on merit, Historically Disadvantaged Candidates and Black Female Candidates are encouraged and supported in the FSG team.

Fidelity Services Group (Pty) Ltd supports global fair practice and business ethics on continuous development of our human capital as the key resource to our success in the markets in which we participate.

Should you not be contacted regarding this position within 10 working days from the closing date, please regard your application as unsuccessful.