Manager: AML​/CFT; Onsite

JOB DESCRIPTION

• Lead and manage the AML/CFT team responsible for conducting high-quality inspections and on-site supervision pertaining to banks compliance with the provisions of the FIC Act with regard to AML/CFT and CPF, and undertake reviews to assess compliance with AML/CFT requirements and standards.
• Assist with the development and maintenance of worksheets and process manuals for conducting inspections and on-site reviews.
• Attend to a programme of inspections, reviews and other interactions with banks and life insurers to be undertaken per year in terms of the departments supervisory calendar.
• Perform the duties relating to the administrative arrangements for each inspection and on-site review.
• Maintain a project plan to be followed for individual inspections and on-site reviews.
• Execute inspections and on-site reviews at the premises of individual banks and life insurers.
• Conclude inspections and on-site reviews at banks and life insurers by producing inspection and on-site review findings reports and closing letters to the management of banks and life insurers, with appropriate recommendations to address the identified weaknesses.
• Ensure that on-site inspections are risk-based and effective.
• Provide management information in respect of the progress of inspections and on-site reviews.
• Manage the performance of the AML/CFT team.

• A postgraduate qualification in Finance, Law, Business Management or any other relevant qualification;
• A minimum of eight years of AML/CFT compliance-related working experience in the financial services sector, a supervisory body or a regulatory environment; and
• A minimum of two years of experience of managing teams.

• A strong understanding of the provisions of the FIC Act;
• An understanding of PA supervision, regulation and legislation;
• Working knowledge of AML/CFT systems, products and risk management practices within the financial services sector;
• Knowledge of the financial services sector and key developments in banking, insurance and collective investment schemes, both domestically and abroad; and
• Report-writing skills.