Western Cape: AML Operations Specialist posted by The Hiring House
Posted on 2025-06-18 00:00:00
Employer | The Hiring House |
---|---|
Category | Finance/Accounting Management |
Location | Western Cape / Western Cape |
Job Summary
– Perform enhanced client due diligence (ECDD) for all high-risk clients by ensuring that the client is compliant and conducting a thorough assessment of the ML/TF/PF risk associated with the client and prepare high quality ECDD reports with a suitable recommendation to management on whether to establish or continue a relationship or conclude a single transaction.
– Provide a specialist function to Accountable Institutions in respect of natural persons and legal entity onboarding, which includes the identification of UBOs (PCC59) and other relevant related parties in respect of South Africa and Guernsey products.
– Perform customer due diligence and risk assessment when onboarding a client (legal entities and natural persons) as well as throughout the life cycle of the client relationship (ongoing due diligence), in accordance with the RMCP, in respect of South Africa and Guernsey products (natural persons only).
– Perform sanctions, PEP and adverse media screening on all client and its related parties and take the appropriate action on positive matches and escalate in accordance with the requirements of the RMCP.
– Ensure that all clients and linked parties are registered for ongoing screening and manage daily alerts generated by the World Check system (or any other applicable system) in respect of sanctions, PEP and adverse media and take the appropriate action on positive matches and escalate in accordance with the requirements of the RMCP.
– Perform ID and address verification on clients and linked parties.
– Perform FATCA/CRS checks to ensure accuracy and completeness of data and correct classification of clients.
– Perform transaction analysis to identify suspicious or unusual transactions.
– Apply and adhere to the risk management and compliance program (RMCP) requirements.
– Maintain excellent knowledge of sanctions regimes, including but not limited to UNSC, EU, UK, OFAC, and TFS.
– Provide guidance to business stakeholders regarding RMCP requirements to ensure that clients are compliant at onboarding and throughout the client lifecycle.
– Apply risk assessment techniques to effectively identify and mitigate AML risks.
– Stay current on regulatory changes and best practices in AML compliance.
– Collaborate with internal teams to develop and implement AML policies and procedures.
– Participate in any remediation projects, to resolve any issues identified by the Head of AML Operations and/or through regulatory inspections and/or external reviews and/or legislative changes.
– Collaborate with internal clients to address queries.
– Ensure that agreed SLAs are met and raise any risks timeously with the Head of AML Operations.
Key relationships
– FICA/AML Compliance, Advisors, Business Unit Leaders (BULs), BU Team Leaders, BU Managers.
Qualifications and experience
– Legal or commercial degree required.
– AML compliance certificate / ACAMS preferred
– 1 to 2 years’ experience in performing enhanced customer due diligence and report preparation
– 2 – 3 years’ customer onboarding and ongoing due diligence
experience
– In-depth knowledge of the AML legal framework in South Africa (FIC Act and related PCC’s, guidance notes, and directives), including ultimate beneficial ownership assessments in accordance with PCC59.
– A good understanding of FATF recommendations and international AML standards.
– A good understanding of Guernsey AML requirements is preferable
Skills
– Exceptional report-writing skills with the ability to communicate complex information clearly.
– Strong analytical and critical thinking abilities.
– Attention to detail
– Ability to identify ML/TF/PF risks and propose mitigating actions
– Proficiency in data analysis and presentation of findings.
Systems competency
Experience with:
– BPM onboarding systems
– Screening software
– Transaction monitoring algorithms
– MS Office suite
– Excel
– Word
– PowerPoint
Please call us on (***)***-**** for more information.
NB: Should you not hear from us in 6weeks please consider your application unsuccessful.
Click Go Apply to apply online!
Get Similar Job Alerts
More jobs in Western Cape
More jobs in Western Cape
Browse Finance/Accounting Management Jobs
Browse The Hiring House Jobs
Apply directly for this position. Please read all instructions carefully.
We do not process job applications; we simply aggregate and display job listings.
More related positions
Western Cape: Pharmacist Required posted by Kleinmond Pharmacy
Pharmacist required in Kleinmond for independent retail pharmacy with a clinic in the Western Cape. Essential to have a B.Pharm degree and PCDT...
View Job
Pharmacist Required
Western Cape: Sr. Engineer posted by Ayers Gulf Recruitment and visa agency
Minimum Requirements Applicable to All Roles Relevant degreediploma in the related engineering discipline 510 years experience in oil gas, petrochemical,...
View Job
Sr. Engineer
Western Cape: Executive Financial Planner posted by AUGUST INTEGRATED SERVICES
? Transform Your Financial Advisory Career! ?Ready to elevate your expertise while being fully supported in your professional growth? August Integrated...
View Job
Executive Financial Planner
Western Cape: Groups and Incentives Tour Consultant posted by Executive Placings
Leading DMC is looking for an experienced GroupsIncentives Inbound Consultant to quote tour products.Experience required3 to 4 years experience handling...
View Job
Groups and Incentives Tour Consultant
Western Cape: Outbound Sales Consultant – Urgently needed posted by Janine Crowster
What will you do? Selling products telephonically Achievement of sales targets and objectives Adherence to Quality and Compliance processes to minimize...
View Job
Outbound Sales Consultant – Urgently needed
Western Cape: Field sales Representative posted by Affinity Life Limited
We are hiringWe are excited to announce an opportunity for dynamic individuals to become a part of our esteemed team. We are looking for candidates who have...
View Job
Field sales Representative
Western Cape: Occupational Therapist posted by Ikho Direct Recruitment
Locum Occupational Therapists Western CapeAre you an experienced Occupational Therapist seeking flexible locum work? We have opportunities across various...
View Job
Occupational Therapist
Western Cape: Physiotherapist posted by Ikho Direct Recruitment
Urgent Locum Opportunity Physiotherapists Needed Across The Western CapeWe are urgently seeking qualified and experienced Physiotherapists to join our team,...
View Job
Physiotherapist
Western Cape: Auto Electrician posted by Cape Auto Electric
A well-established auto electrical company with 50 years experience in the industry requires a qualified Auto Electrician with a valid drivers license and a...
View Job
Auto Electrician
Western Cape: Sales Development Representative posted by Leadership Mastery
Sales Development Representative SDROwn Your Success. Drive Revenue. Get Rewarded.Are you someone who thrives on performance and loves building...
View Job
Sales Development Representative
Western Cape: Business Developer posted by GSDI SA
Job Description Developing and executing strategies to acquire new clients in diverse industries, from transportation to retail, who are looking to enhance...
View Job
Business Developer
Western Cape: Nail Tech/Supervisor-Qatar posted by Kozma&Kozma
Are you a talented and experienced Nail Technician with leadership skills? Our Luxury Salon in Qatar is looking for a Nail TechSupervisor to oversee our...
View Job
Nail Tech/Supervisor-Qatar
Cape Town City Centre: UAV Technician (Western Cape)
Position for a UAV Technician in Western Cape. Minimum Requirements Valid drivers license. Valid Remote Pilot Certificate or currently in the process of...
View Job
UAV Technician (Western Cape)
South Africa: RB 15595 – Maintenance Manager (Boilers) – Western Cape
Employer Description Our client specializes in operations, maintenance and project services. Job Description Reporting to the Regional Manager, You will be...
View Job
RB 15595 – Maintenance Manager (Boilers) – Western Cape
Western Cape: Petrol Vehicle Technician
Minimum Requirements Must have a minimum of 3 years experience as a Qualified Petrol Vehicle Technician within the Automotive Industry Must have a valid...
View Job
Petrol Vehicle Technician
Western Cape: Digital Content Planner posted by InteractiveMedia
Were a small but ambitious digital agency in Somerset West, near Cape Town, seeking a creative, organised, and proactive content planner to join our team....
View Job
Digital Content Planner
Western Cape: Retail Store Manager posted by The David Legacy
Two Retail Store Manager positions available, one at Barrydale Western Cape branch and one at Strandfontein Mitchells Plain branch.Our client in the food...
View Job
Retail Store Manager
South Africa: Trolley Area Manager – Western Cape
We currently have a vacancy for a trolley porting services Area Manager in the Western Cape region. Duties Responsibilities Ensure consistently high...
View Job
Trolley Area Manager – Western Cape
South Africa: RB 15597 – Millwright (Boilers) – Western Cape
Employer Description Our client specializes in operations, maintenance and project services. Job Description Mechanical electrical fault finding Equipment...
View Job
RB 15597 – Millwright (Boilers) – Western Cape
Western Cape: Maintenance Foreman
Minimum Requirements Must have 5 to 8 years experience within the FMCG Industry of which 2 years in a Supervisory or Forman capacity Experience with...
View Job
Maintenance Foreman
Cape Town City Centre: Procurement Manager – Fresh Produce Industry (Western Cape-based)
Are you a resilient and dynamic individual with a flair for negotiation and a passion for procurement? Fluent in Afrikaans? Then this could be your next...
View Job
Procurement Manager – Fresh Produce Industry (Western Cape-based)
Western Cape: Millwright
Minimum Requirements Must have 3 to 5 years experience within the FMCG as a Millwright Trade Tested Millwright Diploma N6 Electrical or Mechanical...
View Job
Millwright
Western Cape: Branch Operations Manager
Minimum Requirements Must have a minimum of 3 to 5 years experience as a Branch Operational Manager in the Automotive Parts Component Industry Relevant...
View Job
Branch Operations Manager
Western Cape: Sales Campus Manager posted by NA Consulting
Are you a self-motivated, driven, customer focused and assertive Sales Manager with strong leadership and mentoring skills. Can you close your own sales and...
View Job
Sales Campus Manager
Edgemead: NEW BUSINESS DEVELOPMENT SALES CONSULTANT (Road Freight) – Cape Town, Western Cape
NEW BUSINESS DEVELOPMENT SALES CONSULTANT Road Freight Cape Town, Western Cape Highly competitive package with lucrative monthly comission structure and...
View Job
NEW BUSINESS DEVELOPMENT SALES CONSULTANT (Road Freight) – Cape Town, Western Cape