Aml Operational Team Lead #wealthandinvestment - Cape Town, South Africa - Recruiter Ruth | Performability Recruitment

Recruiter Ruth | Performability Recruitment

Verified Company

Cape Town, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

A leading hedge fund management firm is in need for a meticulous AML/ KYC Manager to join this ranks.
This key team member would be responsible for...

The build out of the groups shared services AML/KYC Operations team
The first line of defense for the daytoday compliance with applicable AML/CFT regulation and implementation of our written AML/CFT policies
Processes and rules of procedures relating to risk management
Customer due diligence and risk assessment

- investigation, record-keeping and internal controls

**Please note

You must have
knowledge of financial services/products and a solid understanding of
AML typologies in wealth and investment management.**A key deliverable will be optimising and streamlining the existing processes and ensuring regulatory outcomes are met.

KEY RESPONSIBILITIES OF THE AML OPERATIONS TEAM

Assess, conclude, and sign off on client due diligence, risk scoring and risk assessment.
Support onboarding for legal entities, determine UBOs, controlling persons, and conduct screenings.
Review ECDD information for highrisk clients, assess risks, and provide recommendation to management.
Conduct ongoing screenings, clear false positives or escalate as required.

- ensuring CDD, client risk assessment, and SOF information are in place before transaction processing.

Collaborate with internal clients, set SLAs, and address queries and escalations.
Develop, implement, and update controls to prevent money laundering and terrorist financing.
Analyse issues, identify root causes, and implement preventive measures.
Oversee transaction monitoring and ensure the team can identify suspicious transaction patterns, and ensure internal reports are submitted.
Provide updates to the compliance team and to risk management where emerging patterns are identified and where additional controls should be implemented and recorded in the RMCP.
Lead system improvements and operational projects. Continually assess and improve processes, and input into the systems roadmap, to ensure that AML/CTF/PF outcomes are met, as seamlessly as possible.
Lead remediation projects, to resolve any issues identified by compliance/inspections/external reviews.
Offshore compliant onboardings of SA individuals/entities.

5 KEY PERFORMANCE AREAS

People Management: Train and develop the team, set and monitor KPIs, and plan capacity.
Internal Client Management: Set SLAs, address queries and any escalations.
Operational &

Process Management:
Develop and implement processes, ensure SLA adherence, and resolve compliance or audit findings.

Risk Mitigation: Oversee the first line of defense for AML/CFT, assess risks and controls, develop and oversee transaction monitoring review.
Projects &

System Enhancements:
Identify system improvements and lead operational or remediation projects.

QUALIFICATIONS AND EXPERIENCE

Minimum of 5 years of experience in AML operations within the financial services industry.
Experience in team and people management is advantageous.
Degree in Law or Commerce.

SKILLS AND COMPETENCIES

Team leadership and management with experience in building and enhancing teams
Process design and optimisation.
Analytical thinking with strong judgment.
Ability to make complex riskbased decisions.
Proficiency in data analysis.

KNOWLEDGE

Comprehensive understanding of AML regulations in South Africa and FATF guidelines.
Familiarity with customer behaviours and business practices that may pose risks.

-
Knowledge of financial services/products
:

-
Understanding of AML typologies in wealth and investment management.

SYSTEMS COMPETENCY
Experience with BPM onboarding systems, screening software, transaction monitoring algorithms. SQL knowledge is a plus.

**This is an in office role with a high capacity and dynamic team.