Financial Crime Compliance Officer

3 weeks ago

Johannesburg, Gauteng, Saudi Arabia Discovery Limited Full time

Job Purpose

The Bank has a responsibility to comply with all Financial Crime legislation as set out by the different regulatory bodies specifically drafted for Banks. It is the Bank's duty to always maintain compliance with the above legislation across people, processes and systems to ensure we combat Money Laundering and the Financing of Terrorism. Based on the Banks strategic intent to always remain compliant and to combat Financial Crime, the Bank has created a Financial Crime Compliance Function. The Financial Crime Compliance Officer who will work in this function will conduct Anti-Money laundering AML and Counter Financing of Terrorism CFT activities on behalf of the Discovery Bank, providing assurance to senior management that the requirements of our external financial regulators are being complied to. In addition, providing assurance that our business is conducted in accordance with the Discovery Bank Financial Crime Compliance policies, procedures and processes.

Areas of responsibility may include but not limited to

  • Must have basic knowledge and experience working with Refinitiv World Check for investigations.
  • Must have basic knowledge and experience working with NICE Actimize modules namely RCM, WLF, CDD and SAM.
  • Conduct sanctions, PEP, financial crime reviews and investigation management of potential new and existing bank clients to ensure any relevant risks are identified and mitigated.
  • Assist with on-going monitoring of clients, investigating transactional behaviour from automated and semi-automated screening tools.
  • Must be technically strong and have the ability to learn the Banks core banking system.
  • Ensure tasks allocated are accurately completed on a timely basis and meet professional business writing requirements.
  • React timeously to all requests from external parties regulators, external auditors, etc. and provide accurate and complete information in relation to these requests.
  • Conducts in-depth reviews and investigations on suspicious transaction activity occurring within the bank.
  • Ability to work across different functional teams.
  • Ability to learn and apply Financial Crime Compliance processes.
  • A team player who has the ability to work well in a fast paced, motivated team.

Skills

  • Have an ability to take responsibility of investigations completed with SLA's.
  • Take initiative, act with confidence and efficiency.
  • Have an understanding of the core principles of an effective Compliance function.
  • Have an ability to analyse, interpret and client transactional behaviour.
  • Proficiency in MS Excel, Word, case management tools.

Qualifications

  • University Degree Legal or Commerce preferred.
  • Certificate in ACAMS preferable.

Work Experience

  • Minimum 1 to 3 years' cross functional experience working in Customer Due Diligence, Sanctions, AML/CFT, Suspicious Activity Monitoring, and Real-time Payments screening team.
  • 1 to 3 years working experience and understanding on NICE Actimize modules such as RCM, WLF, CDD and SAM.
  • Experience performing alert investigations, case management, assisting in decision making on investigations.
  • Knowledge of the legislative and regulatory environment and reporting requirements imposed by South African Regulators SARB and FIC specifically in relation to FICA and other applicable legislation.

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