Bring your possibility to life! Define your career with us

With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.

Job Summary

Develop, embed, maintain and oversee financial crime policies, processes and business rules, including in the following areas: KYC checks. AML and anti-fraud. Transaction monitoring.

Job Description

• Manage and maintain a cost-effective Financial Crime Prevention function supporting and protecting the business against Fraud and Money Laundering Risk and related reputational risk ensuring that the needs of all stakeholders are met
• The FinCrime role oversees from 1st LOD:

  Anti-Bribery and Corruption process

  Customer Sanctions Screening

  Exit Relationship

  Transaction Monitoring Alerts

  KYC requirements and refresh process

  Any other activities related to Financial Crime related to Local Regulatory Law and Group Requirements based on SARB.

• Manage and set departmental and individual goals and targets for the Financial Crime Team investigations department
• Responsible for anti-money laundering (AML) compliance providing oversight, control, support and coordination for anti-money laundering compliance
• Responsible for the development, implementation and maintenance of an effective process of Transaction Monitoring alerts
• Understand and have continuing knowledge of all local AML requirements to ensure that the AML program is consistent with all applicable local laws, regulations and rules.
• Develop and manage a regular monitoring and reporting process to inform senior management on Transaction Monitoring Alerts closed or any suspicious patterns discovered, Manual Trigger and Annual KYC Refresh plans for HRR and PEP accounts.
• Ensure that all activity and transactions that are identified as potentially suspicious are investigated, reviewed and resolved in accordance with established procedures
• Coordinate with Regional FinCrime 1st LOD Teams to address issues raised in internal audit reports, self-assessments, compliance reviews or regulator’s examination.
• To personally manage and where appropriate carry out high profile/sensitive investigations.
• Establish and maintain liaison with local/county/regional and international financial industry representatives to proactively identify current fraud trends, criminal activity and the identification of organized criminal groups and influence security best practices.
• Liaison with national and international law enforcement entities and liaison with local financial industry representatives to proactively identify fraud trends/criminal activity and organized criminal attacks. (This experience is added advantage)

Perform the Monthly rule optimization review and advise Centre accordingly.

Education

Bachelors Degree and Professional Qualifications: Money Laundering Control (Required)