Senior Anti-Money Laundering Specialist

Senior AML Onboarding Officers (X2)

My client is looking for two Senior AML Onboarding officers - one with a legal background and one with a commercial/accounting/risk background
The main purpose of the role is to assist with the following:

To assist the Firm with discharging its obligations under the FIC Act;
FICA Remediation Projects (including remediating deficient client data and remediation of the existing client population);
Attend to client reviews (including ad hoc and periodic reviews);
Assist junior onboarding officers;
Sign-off on certain onboarding matters;
Manage the outstanding CDD and EDD requirements with lawyers and secretaries on a monthly basis;
Reporting on CDD and EDD matters (progress and status updates);
Compiling reports for submission to the Risk and Compliance Committee;
Escalate certain matters to the GC, Head of Risk and Compliance and the Risk Committee;
Conduct research on AML trends and typologies and propose enhancements to processes and controls;
Conduct Country Risk research and update the Country Master Data Tables regularly;
Assist the Compliance Risk Manager and General Counsel, Head of Risk and Compliance with general AML portfolio management;
Conducting AML Typology research and trends regularly and assist with the review and maintenance of the RBA Framework; and
Conducting country risk research and updating the Firm's Country Risk Master Data Table on a regular basis.


The key responsibilities and duties:

Accurately capture client data on the onboarding system;
Conduct CDD in respect of clients;
Conduct ad hoc and periodic reviews on existing client population;
Conduct research in respect of various sources (eg CIPC, Department of Home Affairs, Who owns Whom, etc);
Conduct Country Risk research and update the Country Master Data Table on a regular basis;
Analyse sanctions, PEP and adverse media alerts on the system when onboarding clients and conducting client reviews. Distinguish between 'False Positives' and 'True Matches';
Conduct EDD in respect of high-risk clients (including summarising adverse media reports, PEP assessments and review of sanctions against individuals, entities and countries);
Prepare EDD templates for high-risk clients and submit same to the Risk Committee for consideration. Action the decision of the Risk Committee;
Liaise with lawyers and secretaries to obtain outstanding CDD and EDD information;
Attend to daily alerts raised by the onboarding system once ongoing screening is implemented to determine whether or not they are 'false positives';
Ensure that CDD information is current when new matters are opened for existing clients. Update existing clients' CDD information and re-screen and re-rate existing clients with new matters;
Analyse constitutive documents of entity type clients, share registers, shareholder agreements, etc. in order to determine the BOs for entity type clients and document evidence in respect of same;
Ensure that regulatory reporting, eg. Cash Threshold Reports (CTRs) and Suspicious Transaction Reports (STRs) are lodged within the prescribed time-frames;
Assist with the development and maintenance of the Firm's internal screening list;
Ensure that all onboarding and reviews comply with the Firm's RMCP;
Develop AML training material and facilitate training sessions;
Compile reports for the HoD and the Risk and Compliance Committee; and
Assist with various AML compliance projects and any other AML-related tasks as assigned.


Qualifications and experience

Qualifications:

LLB Degree. An admitted attorney with at least 4 years' experience in an AML / FICA compliance environment or in any compliance risk management environment; or
A BCOM, BCOM Law or BCOM Accounting degree or a Risk Qualification with at least 4 years' experience in an AML / FICA compliance environment or in any compliance risk management environment.


Qualifications or knowledge of the following subjects are advantageous:

Anti-money laundering certificates or ACAMS qualification; or
Post-Graduate Diploma in Compliance or Certificate in compliance; or
Risk Management qualification.
Personal attributes

Good presentation skills;
Above average attention to detail;
Good time management and problem-solving skills;
Must have an analytical mind; and more importantly have the ability to devise solutions to problems / shortcomings;
Ability to work under pressure.