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FINANCIAL INTELLIGENCE CENTRE (FIC) VACANCIES
FINANCIAL INTELLIGENCE CENTRE (FIC)
SYSTEMS COMPLIANCE ANALYST
Organizational Unit Financial Intelligence Centre -> Compliance and Prevention
Job Type Permanent
Education Bachelors Degree or equivalent
Career Level Skilled
Location Pretoria - Centurion, GP 0157 ZA (Primary)
Travel 0 - 10%
Desired Race Not Applicable
Desired Gender Not Applicable
Closing Date 8/11/2024
Job Description
JOB PURPOSE
Implement, monitor and enhance the level of compliance related to systems and data reporting requirements in accordance with the Financial Intelligence Centre Act, No. 38 of 2001, as amended (FIC Act).
KEY PERFORMANCE AREAS:
Technical Competencies
• Provide expertise and advice on anti-money laundering compliance requirements pertaining to registrations, data streams and reporting to the FIC and the need to implement appropriate systems and processes by supervised institutions under the FIC Act;
• Assist with setting up of reporting streams based on the FIC’s technical system requirements;
• Conduct on-site and desktop system and reporting reviews of supervised institutions;
• Assess supervised institutions’ system capability and compliance reporting requirements within the industry sectors affected by the FIC Act;
• Identify enhancements to improve system and data reporting compliance oversight of the FIC and other supervisory bodies;
• Engage users to determine business requirements
• Gather and document business requirements
• Monitor and report on the state of compliance by Accountable and Reporting Institutions with registration and reporting obligations.
• Assist with remediation processes applied to non-compliant reporting and reporting failures of Accountable and Reporting Institutions, including Directive 3 remediation, and monitoring the state of remediation in terms of FIC requirements and instructions.
• Assist with the provision of reporting information for compliance reviews, inspections and or enforcement matters at the request of FIC or Supervisory Bodies, relating to compliance with registration and reporting requirements in terms of the FIC Act;
• Monitor developments within the ICT environment and recommend new processes, technologies and/or systems to enhance systems and data reporting compliance;
• Assist in developing diagnostic tools and applications to facilitate the monitoring, risk assessment and enforcement of FIC Act compliance;
• Engage with other FIC divisions in order to assess reporting compliance.
Education
• Relevant University Degree in Computer Science, Information Systems or equivalent
• Qualifications in anti-money laundering, compliance management and or forensics would be advantageous
Experience
• At least 3 (three) years' experience in a relevant field whilst 5 (five) years’ experience would be advantageous, i.e. compliance/risk experience, including practical experience in the application of compliance systems, of which 2 (two) years must be practical experience in the AML/CFT environment;
• Data management experience is a pre-requisite;
• ICT systems auditing experience would be desirable;
• MIS and statistical reporting experience using Business Intelligence and Dashboards;
• Excellent communication skills (oral and written);
• Project management skills;
• An intermediate to advanced level of computer literacy.
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SENIOR ENFORCEMENT OFFICER
Organizational Unit Financial Intelligence Centre -> Compliance and Prevention
Job Type Permanent
Education Bachelors Degree or equivalent
Career Level Professional
Location Pretoria - Centurion, GP 0157 ZA (Primary)
Travel 0 - 10%
Desired Race Not Applicable
Desired Gender Not Applicable
Closing Date 8/11/2024
Job Description
JOB PURPOSE:
To administer and process non-compliance matters arising from FIC supervision, including inspections, for remediation action via directives or for enforcement by way of administration sanctions to the adjudication panel, and defending appeals in terms of the Financial Intelligence Centre Act, No 38 of 2001 (the FIC Act).
KEY PERFORMANCE AREAS:
Technical Competencies
• Correctly evaluate and assess the seriousness and extent of non-compliance with the provisions of the FIC Act, arising from FIC supervision, including the strength and admissibility of evidence as contained in an inspection report.
• Draft remediation directives in matters not referred for administrative sanction, and draft administration sanction notices with the view to ensuring effective, proportionate and dissuasive enforcement, in terms of the FIC Act.
• Present post inspection remediation action by directive to the Enforcement Manager for approval.
• Present administrative sanction matters to the FIC Adjudication Panel and/or Director of the FIC, including oral and written arguments on the merits of the matter.
• Monitor and report on all historic and current administrative sanctions issued and payments received, and progress regarding civil recovery of financial sanctions imposed.
• Draft all pleadings and heads of arguments in an appeal lodged with the FIC Appeal Board.
• Provide assistance and support in respect of matters referred to the High Court of South Africa.
• Monitor and report on the supervision and enforcement of the FIC Act by supervisory bodies Assist in providing guidance, advice and training on the supervision and enforcement of the FIC Act.
• Attend and respond to correspondence relating to supervision and enforcement.
• Respond to public queries relating to enforcement.
• Conduct legal research.
• Draft cogent, legally sound and persuasive arguments and opinions.
• Deliver on operational goals and tasks with minimal supervision.
• Assist the Manager of Supervision and Enforcement in giving effect to the aims and objectives of the Supervision and Enforcement Unit as these objectives and processes evolves.
EDUCATION, SKILLS AND EXPERIENCE:
Education
• Degree in law i.e. LLB, BCom Law degree.
• Admitted attorney and/or advocate.
• Qualifications in anti-money laundering risk, combatting terror and proliferation financing risk and compliance management would be advantageous.
Skills
• Strong litigation skills.
• Proven criminal and/or civil procedure knowledge.
• Knowledge of the FIC Act and international anti-money laundering standards.
• Exceptional legal drafting skills.
• Good verbal communicator.
• Proven interviewing, interpersonal and problem-solving skills.
• An intermediate to advanced level of computer literacy, including MS Word, MS Excel, MS Power Point.
• A high level of judgement and integrity.
Experience
• At least 8 years' experience in a relevant field i.e. prosecution, relevant civil litigation or regulatory experience in a similar position;
• The prospective candidate should have an advanced understanding of administrative law and enforcement;
• Possess exceptional writing and legal drafting skills and be a good verbal communicator with proven interviewing, interpersonal and problem-solving skills;
• A high level of judgement and integrity is crucial for this position.
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CHANGE ANALYST
Organizational Unit Financial Intelligence Centre -> Corporate Services -> Programme Management Office
Job Type Fixed-Term (18 months)
Education National Diploma / Higher Diploma or equivalent
Career Level Skilled
Location Pretoria - Centurion, GP 0157 ZA (Primary)
Travel No Travel Required
Desired Race Not Applicable
Desired Gender Not Applicable
Closing Date 6/11/2024
Job Description
The purpose of this job is to implement change management interventions and provide assistance to project training in support of PMO and business projects objectives.
Key Performance Areas Include:
Apply a structured change management approach and methodology for the people side change efforts.
• Implement change management strategies based on situational awareness of the details change and the groups being impacted by the change.
• Identify potential people-side risks and anticipated points of resistance, and develop specific plans to mitigate or address the concerns.
• Conduct readiness assessments and change impacts assessment, evaluate results and present findings in a logical and easy-to-understand manner.
• Implement targeted change management plans – including communication plan, sponsor roadmap, coaching plan, training plan and resistance management plan.
• Support the execution of plans by employee-facing managers and business leaders.
• Monitor and manage measurement systems to track adoption, utilization and proficiency of individual changes.
• Identify resistance and performance gaps, and work to develop and implement corrective actions
• Implement reinforcement mechanisms and celebrations of success.
• Work with communication, HR and OD in the formulation of particular plans and activities to support project implementation when required.
• Manage change champion network
• Collaborates with Business Analyst, Technical Team within a project to obtain information required to develop training materials on all aspects of the product
• Delivers Training Programs / Modules based on training plan requirements and according to a project -driven schedule
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ENFORCEMENT OFFICER
Organizational Unit Financial Intelligence Centre -> Compliance And Prevention
Job Type Permanent
Education Bachelors Degree or equivalent
Career Level skilled and academically qualified
Location Pretoria - Centurion, GP 0157 ZA (Primary)
Travel 0 - 10%
Desired Race African
Desired Gender Female, Male
Closing Date 5/11/2024
Job Description
To provide assistance and legal support in the administering and processing of non-compliance matters arising from FIC supervision, including inspections, for remediation action via directives or for enforcement by way of administration sanctions to the adjudication panel. To provide administration and legal support in defending appeals in terms of the Financial Intelligence Act, No. 38 of 2001 (the FIC Act) and in any subsequent legal process that may follow. To assist in the monitoring and reporting on all historic and current administrative sanctions issued and payments received, and the civil recovery of financial penalties under guidance.
KEY PERFORMANCE AREAS
Technical Competencies
• Administer remediation action and directives in matters not referred for administrative sanction and provide support with the administration and procedures regarding such remediation;
• Administer enforcement processes, e.g. keeping register, provide statistics, ensuring correspondence is drafted and faxed, preparing file for adjudication panel, ensure filing is done;
• Appeals: conduct legal research (review case law) and provide draft papers for the appeal process and legal and administrative support;
• Identify non-compliance and make recommendations on enforcement action to be taken, i.e. draft enforcement memoranda, submissions, letters and notices;
• To engage with Supervisory Bodies on enforcement of the FIC Act as directed;
• Interact with stakeholders / third parties, when required to, provide guidance and advice, discuss findings and obtain information;
• Respond to public queries relating to enforcement;
• Monitor and report on all historic and current administrative sanctions issued and payments received, and the civil recovery of financial penalties fines under guidance.
• Recover outstanding financial penalties, by referring non-payment to corporate legal services for recovery;
• Monitor and report on regulatory enforcement actions of supervisory bodies;
• Provide statistics regarding remediation, sanctions, appeals and related issues;
• Conduct legal research (review case law) and provide draft papers for the appeal process;
• Draft legal opinions when requested;
• Assist the Manager of Supervision and Enforcement in giving effect to the aims and objectives of the Supervision and Enforcement Unit as these objectives and processes evolves.
EDUCATION, SKILLS AND EXPERIENCE:
Education
• Bachelors degree e.g. LLB, B.Com (Law) or equivalent.
• Qualifications in anti-money laundering risk, combatting terror and proliferation financing risk and compliance management would be advantageous.
Skills
• Strong legal compliance and risk management knowledge;
• Sound knowledge and experience in business processes; and
• Strong litigation skills.
Experience
• At least five (5) years' experience in a relevant field i.e. prosecution or regulatory experience;
• The prospective candidate should have an understanding of administrative law and enforcement;
• Possess exceptional writing and legal drafting skills and be a good verbal communicator with proven interviewing, interpersonal and problem solving skills;
• A high level of judgement and integrity is crucial for this position;
• An intermediate to advanced level of computer literacy, including MS Word, MS Excel, MS Power Point.
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