(1948) Manager: AML/CFT (Offsite)

Remote, South Africa

Detailed description

The successful candidates will be responsible for, among other tasks, the following:

Lead and manage an AML/CFT team responsible for conducting off-site supervision pertaining to compliance with the provisions of the FIC Act with regard to AML/CFT ‒ this includes undertaking reviews to assess compliance with AML/CFT requirements and standards, with the application of a risk-based approach to supervision.

Identify new and emerging money laundering/terrorist financing/proliferation financing (ML/TF/PF) risks, including those in jurisdictions where South African banks and insurers have operations ‒ this includes the maintenance of the risk-based tool and ensuring that information is incorporated into the risk-based tool that will inform the frequency and duration of onsite inspections.

Develop and maintain the risk-based supervisory manual and framework.

Compile the annual supervisory calendar, considering work of the offsite team which must be reflective of a risk-based approach ‒ including inspections as well as other supervisory engagements.

Introduce innovation and drive the use of technology to inform risk-based supervision, collation of statistics,...