| Date | 2024-10-23 |
|---|---|
| Job Title | Aml Operations Specialist |
| Employer | More Information |
| Salary | Market Related |
| Category | It Computing Software |
| Location |
ZA / South Africa |
Job Summary
Job Title: AML Operations Specialist Location: On-site in Claremont, Cape Town Reporting To: Head of AML Operations (shared service) Role Purpose: The AML Operations Specialist plays a crucial role within the shared services AML Operations team. This position is responsible for the first line of defense in day-to-day compliance with applicable AML/CFT/CFP regulations and the Groups Risk Management Compliance Program (RMCP) for both South Africa and offshore jurisdictions. The ideal candidate is an experienced and passionate AML professional with a comprehensive understanding of the AML legal framework in South Africa, FATF recommendations, and experience in onboarding complex clients. Key
Responsibilities:
Enhanced Client Due Diligence (ECDD): Conduct thorough assessments of ML/TF/PF risk for high-risk clients and prepare detailed ECDD reports with recommendations for management. Legal Entity Onboarding: Provide specialist support for legal entity onboarding, including identifying ultimate beneficial owners (UBOs) in accordance with local and international regulations. Customer Due Diligence: Perform customer due diligence and risk assessments during client onboarding and throughout the client lifecycle, ensuring compliance with RMCP. Screening and Monitoring: Execute sanctions, PEP, and adverse media screening for clients and related parties, managing daily alerts generated by screening systems. Verification and Compliance Checks: Conduct ID and address verification, as well as FATCA/CRS checks for accuracy and proper client classification. Transaction Analysis: Analyze transactions to identify suspicious or unusual activities and report findings accordingly. Regulatory Adherence: Maintain compliance with risk management and compliance program (RMCP) requirements, staying current on regulatory changes and best practices. Stakeholder Guidance: Provide guidance to business stakeholders on RMCP requirements throughout the client lifecycle. Collaboration and Projects: Work with internal teams to develop AML policies and procedures, participate in remediation projects, and address internal client queries. Performance Metrics: Ensure that service level agreements (SLAs) are met and escalate risks to the Head of AML Operations promptly. Key Relationships: Collaborates with FICA/AML Compliance, Advisors, Business Unit Leaders (BULs), BU Team Leaders, and BU Managers. Qualifications and Experience: Education: Legal or commercial degree required. Certifications: AML compliance certificate / ACAMS preferred. Experience: 1-2 years in performing enhanced customer due diligence and report preparation. 2-3 years in customer onboarding and ongoing due diligence. Knowledge: In-depth knowledge of the AML legal framework in South Africa, including the FIC Act; understanding of FATF recommendations and Guernsey AML requirements is preferable. Skills: Exceptional report-writing skills; ability to communicate complex information clearly. Strong analytical and critical thinking abilities. Attention to detail and ability to identify ML/TF/PF risks with proposed mitigating actions. Proficiency in data analysis and presentation of findings. Systems Competency: Experience with BPM onboarding systems, screening software, transaction monitoring algorithms, and proficiency in MS Office Suite (Excel, Word, PowerPoint).
Aml Operations Specialist position available in ZA, South Africa. This job position was posted by . The job has been posted on 2024-10-23 in the It Computing Software category
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