Centurion: Anti-Money Laundering Regulatory Specialist posted by Hire Resolve

About the Role

A leading insurance company is seeking an experienced Anti-Money Laundering Regulatory Specialist to join their team based in Johannesburg. The ideal candidate will be responsible for ensuring the company’s compliance with anti-money laundering regulations and maintaining a secure and trustworthy environment.

Key Responsibilities

• Attend to FICA ad-hoc issues, i.e., KYC queries, reporting of cash transactions above threshold, suspicious transactions, section 27 requests, and any other reports.
• Perform periodic reviews to ensure that all CTR, STR, and section 27 responses are accurate.
• Conduct AML functions on an ongoing basis, including detection and reporting of suspicious transactions and activities.
• Review and update Standard Operating Procedures, policies, and guidelines from an AML perspective.
• Develop, maintain, and embed enhanced AML/CTF & Sanctions policies.
• Report and escalate all AML compliance risks and issues arising from interaction with Divisions.
• Provide expert advice on various AML/CFT & Sanctions issues affecting designated divisions as a result of compliance obligations.
• Provide advice and guidance on AML/CTF & Sanctions related matters to the business.
• Issue compliance alerts.
• Publish documentation on the intranet.
• Draft communication and advice for internal use.
• Provide training and coaching to partners and intermediaries on relevant AML, KYC, and Due Diligence updates.
• Conduct ongoing reviews of High Risks Customers including accounts opened by Politically Exposed Persons.
• Prioritize projects and tasks in recognition of the compliance risk that the divisions and the Group may be exposed to.
• Assist with coordinating and facilitating on-site regulatory visits whenever requested. Prepare information on relevant regulatory interaction as requested.
• Provide and end-to-end investigations of financial crime-related incidents.
• Financial Crime Risk awareness and training.
• Marketing and communications required for the FCRM function.
• Financial Crime vulnerability assessments, Combined Assurance Reviews, and Financial Crime Risk Assessments.

Requirements

• Degree in Legal/Business/IT/Risk Management/Forensics/Audit and/or equivalent tertiary qualification.
• Minimum 5 years anti-money laundering experience (Insurance Industry – Preferable).
• Analytical skills.
• Reporting skills.
• Data Management skills.
• Facilitation skills.
• Financial skills.
• Knowledge of the legal and regulatory framework and the regulatory environment.
• Presentation skills.
• Report Writing.
• Risk Management skills.
• Effective communication skills.

Qualifications

• Degree in Legal/Business/IT/Risk Management/Forensics/Audit and/or equivalent tertiary qualification.