Cape Town: Senior AML Officer posted by FROGG Recruitment

Senior AML Officer Claremont

Our client seeks a Senior AML Officer to provide senior-level AML/CFT oversight for the asset management business by leading complex KYC/EDD reviews and investigations, preparing high-quality SARs, improving monitoring rules and controls, and supporting regulatory engagement without people management accountability.

Salary: Market Related

Position type: Permanent office based.

Minimum requirements

Bachelor’s degree in Commerce, Finance, Law, Accounting or related discipline

46 years hands-on AML/CFT experience in the asset management industry (essential)

Practical experience with KYC/CDD/EDD, transaction monitoring, SAR drafting and sanctions/PEP screening

Solid knowledge of South African AML legislation (FICA/FIC) and international AML/CFT standards (FATF)

Key responsibilities

Lead complex KYC, CDD and enhanced due diligence for institutional and retail investors, intermediaries and fund structures (including nominee and cross-border arrangements)

Investigate and resolve high-risk transaction monitoring alerts; prepare clear, wellevidenced Suspicious Activity Reports (SARs) and escalate material matters to senior stakeholders and regulators as required

Maintain and enhance transaction monitoring rule sets, triage processes and case management workflows to improve detection and reduce false positives

Conduct periodic reviews, refresh client risk ratings and manage remediation plans for high-risk clients and legacy cases

Perform sanctions, PEP and adverse media investigations for complex matches and support resolution/escalation where required

Support AML programme governance: contribute to risk assessments, policy/procedure updates, internal testing/quality assurance and management reporting

Work with Operations, Legal, Sales and Technology on onboarding controls, source-of-funds/source-of-wealth verifications and remediation projects

Act as a subject-matter expert in AML for asset management products; provide training and guidance to business and junior AML staff and review junior analyst work

Support regulatory examinations, audits and submissions; prepare required documentation and responses in a timely manner

Participate in system implementations, enhancements and data-driven initiatives (e.g., model tuning, analytics or automation projects)

Please apply online

FROGG Recruitment