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ITHALA DEVELOPMENT FINANCE CORPORATION - ANTI MONEY LAUNDERING OFFICER
ITHALA DEVELOPMENT FINANCE CORPORATION
ANTI MONEY LAUNDERING OFFICER: D4
ITHALA SOC LIMITED
DURBAN HEAD OFFICE
REFERENCE NUMBER: SG19000
An exceptional opportunity awaits a dynamic individual with the right qualifications and experience to effectively manage the anti-money laundering and combating the financing of terrorism (AML/CFT) portfolio.
Reporting to the Head of Compliance, the successful candidates will be entrusted with the responsibility to:-
Take the overall responsibility for the entire AML/CFT program including the design, development, implementation and management.
Conduct objective, independent risk assessment of compliance with AML/CFT requirements and ensure that legislative requirements are complied with.
Update AML/CFT Risk Management Compliance Programme and ensure that it is rolled out to the business.
Develop and update AML/CFT policies and standards and other related policies.
Provide AML/CFT guidance and expertise on implementation of related IT systems e.g. a customer and payment screening process / tool.
Enhance and develop where required processes for reporting to the relevant Regulators, ensuring that reports are submitted timeously. Resolve any issues that may impact on reporting.
Ensure proper investigation of unusual and suspicious transactions.
Update staff and business on relevant changes within the AML/CFT environment.
Monitor and test business processes against regulatory requirements.
Maintain close working relationships with Management, and other assurance providers to identify and assess areas of potential AML/CFT risks.
Keep abreast of all new legislation and regulatory requirements related to AML/CFT and incorporate any updates to the policies and procedures.
Participate in projects and ensure that legislative requirements are incorporated
Provide support function to the business
Assist with developing and reviewing training material and conduct necessary training when required
Ensure that Audit issues are resolved within agreed timelines.
Produce monthly management reports that will, amongst others, identify non-adherence to procedures, remedial actions and time frames for implementation thereof.
Ensure that issues raised by the Regulators are attended to by the set timeframes.
With good understanding and proven track record in AML/CFT, the ideal candidate will have:
Bachelor’s degree in Banking, Audit, Accounting, Law, or equivalent.
Certified Anti-Money Laundering Specialist (preferable).
A minimum of five (5) years’ experience at a managerial level within banking, specializing in AML/ CFT.
Knowledge of internal and external Regulatory requirements in respect of AML/CFT and related legislation including international requirements.
Knowledge and understanding of the Compliance aspects within the banking, fiduciary and investment business.
The ability to establish good working relationships throughout the business and with regulatory authorities.
Proven analytical skills, together with the ability to support decisions with sound reasoning.
The ability to effectively communicate orally and in writing in particular to make recommendations that will be accepted and acted upon by line management and the business.
The ability to work under own initiative and in a timely manner.
A mature approach towards dealing with sensitive and confidential information and situations.
Administrative and report writing skills.
Computer literacy.
Update staff and business on relevant changes within the AML/CFT environment.
Monitor and test business processes against regulatory requirements.
Maintain close working relationships with Management, and other assurance providers to identify and assess areas of potential AML/CFT risks.
Keep abreast of all new legislation and regulatory requirements related to AML/CFT and incorporate any updates to the policies and procedures.
Participate in projects and ensure that legislative requirements are incorporated
Provide support function to the business
Assist with developing and reviewing training material and conduct necessary training when required
Ensure that Audit issues are resolved within agreed timelines.
Produce monthly management reports that will, amongst others, identify non-adherence to procedures, remedial actions and time frames for implementation thereof.
Ensure that issues raised by the Regulators are attended to by the set timeframes.
With good understanding and proven track record in AML/CFT, the ideal candidate will have:
Bachelor’s degree in Banking, Audit, Accounting, Law, or equivalent.
Certified Anti-Money Laundering Specialist (preferable).
A minimum of five (5) years’ experience at a managerial level within banking, specializing in AML/ CFT.
Knowledge of internal and external Regulatory requirements in respect of AML/CFT and related legislation including international requirements.
Knowledge and understanding of the Compliance aspects within the banking, fiduciary and investment business.
The ability to establish good working relationships throughout the business and with regulatory authorities.
Proven analytical skills, together with the ability to support decisions with sound reasoning.
The ability to effectively communicate orally and in writing in particular to make recommendations that will be accepted and acted upon by line management and the business.
The ability to work under own initiative and in a timely manner.
A mature approach towards dealing with sensitive and confidential information and situations.
Administrative and report writing skills.
Computer literacy.
ITHALA EMBRACES THE PRINCIPLES OF THE EMPLOYMENT EQUITY ACT
CLOSING DATE: 08 FEBRUARY 2019
INTERESTED APPLICANTS MUST FORWARD A DETAILED CV, CERTIFIED COPIES OF QUALIFICATIONS AND IDENTITY DOCUMENT BY E-MAIL TO HR_recruitment6@ithala.co.za. KINDLY ALSO INCLUDE A MOTIVATION OF HOW YOU MEET EACH OF THE ENTRY REQUIREMENTS LISTED ABOVE AND QUOTE THE REFERENCE NUMBER FOR THE POSITION.
PLEASE NOTE THAT:
LATE APPLICATIONS AND APPLICATIONS WITH NO REFERENCE NUMBER WILL NOT BE CONSIDERED.
E-MAIL USERS ARE REQUESTED TO SET THE DELIVERY OPTION ON BOTH “RETURN RECEIPT” AND “CONFIRM DELIVERY”.
CORRESPONDENCE WILL BE LIMITED TO SHORT-LISTED CANDIDATES. ALL SHORT-LISTED APPLICANTS WILL BE SUBJECTED TO ASSESSMENTS, REFERENCE AND CREDIT CHECKS. IF YOU HAVE NOT BEEN CONTACTED WITHIN 1 MONTH OF CLOSING DATE OF THE ADVERTISEMENT, PLEASE ACCEPT THAT YOUR APPLICATION HAS BEEN UNSUCCESSFUL.