Assistant Aml Manager - Umhlanga, South Africa - iKhokha

iKhokha
iKhokha
Verified Company
Umhlanga, South Africa

1 week ago

Thabo Mthembu

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Thabo Mthembu

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Description
Company Description

iKhokha is one of the fastest-growing fintech companies in Africa. As you'd expect, our pace is fast-moving and ever-changing. We like it that way.
Our office is a high performance environment where we push each other to challenge the status quo. If that doesn't appeal to you, you probably shouldn't work here.


Job Description:

The iKhokha talent team is searching for a Assistant AML Manager to join our tribe in Durban.

If you are passionate about conducting fraud & privacy risk assessments and forensic investigations, then this role could be in line with your next career move


So, what will you do?


You will lead, train and be responsible for a team that will be investigating, reporting on & reducing merchant fraud within the iKhokha.


Deal Breakers:


  • 5+ Years within Fraud Investigations / AML Role
  • Management/Leadership expertise
  • Anti-Money Laundering
  • FICA Act
  • Office Suite
  • Risk Principles
  • Professional communication and skills
  • Ability to work in a team

Clear understanding of:


  • Anti-Money Laundering
regulations

  • Banking transaction flows and processes
  • Risk principles
  • Scheme antifraud & AML requirements and processes

What would you be responsible for?

  • Daily monitoring of the teams work allocations & leave.
  • Dealing with the teams' escalations
  • Motivating team.
  • Reporting on the team & divisions performance and monthly issues:
  • KPI Performance
  • Fraud Ratios
  • Ticket Closures
  • Ensure all transaction alerts are monitored & investigate on a daily basis.
  • Ensure all findings from ABSA, PASA & Nedbank are actioned within SLA.
  • Ensure any suspicious activity in daytoday escalations from various departments of the business are investigated and dealt with, within the businesses SLA.
  • Using sound investigative skills/AML & Fraud experience, support the Fraud team to investigate any suspicious transactions and or Merchants for untoward/fraudulent activity.
  • Collaborate with the team to ensure that legitimate merchants are not adversely affected when team are screening transactions. Simultaneously, investigate and suspend transactions that pose an unacceptable Anti-Money Laundering (AML) risk for iKhokha.
  • Keeping a good relationship with the ABSA/Nedbank fraud teams and liaising with these teams with regards to teams performance, suspicious activity, and investigations.
  • Ensuring that the fraud agents are correctly reporting and documenting their Fraud/AML cases, and all databases are updated accordingly.
  • Assisting law enforcement, ABSA, PASA or the schemes with reporting on requested merchant fraud.
  • Reporting Fraud/AML Statistics (Fraud Rations) to the business monthly.
  • Ensuring that the business is fully aware of their obligations towards AML, Fraud & Anti-Bribery and Corruption. This includes induction & annual staff training.
  • Ensuring that training content is up to date with latest industry standards and is effective in respect of staff understanding and engagement.
  • Storing digital evidence that staff have been trained.
  • Ensuring that the FICA team are adequately trained to ensure they accurately identify suspicious merchants at time of onboarding.
  • Ensuring that FICA team are adhering to the FICA processes set out by the business and maintain a working FICA guide to steer the FICA agents in terms of grey or questionable areas.
  • Assist team in making AML / FICA / Fraud riskbased decisions when considering all available data, training by head of AML and pervious experience.
  • Advising the head of AML, if any blanket risk waivers are to be suggested to be put in place for the FICA/business to implement into policy.

Qualifications:


  • Degree or equivalent preferred
Additional Information

Perks of joining the Tribe?

  • You get to work in a high growth company. Sink your teeth into meaningful work with tangible results you are accountable for.
  • Hybrid, remote and in office work models.
  • Remuneration & Benefits. We offer Company contributions to Medical Aid and a Group Risk Scheme.
  • Visionary Leadership.
  • Study leave.
  • Access to on demand learning and development.
  • A friendly, collaborative culture and a team of allroundlekker humans (it's true, we surveyed our Employees and they told us so).
  • If you find yourself at HQ, coffee on tap and a selection of hot beverages provided by our onsite Barista.
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