Manager Anti - Sandton, South Africa - Bidvest Bank

Bidvest Bank

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Primary Purpose

To safeguard Bidvest Bank effectively and proactively against AML/CFT risks through ensuring compliance with regulatory requirements, including but not limited to the FIC Act and the company's internal processes; policies; procedures and regulations, and to promote the combating of money laundering and financing of terrorism.

Minimum Requirements

Qualifications:

Relevant Degree (Legal, Accounting, Risk).
Preferably an Admitted Attorney.
Money Laundering Control Certificate will be an added advantage.

CAMS Certificate will be an added advantage.
Knowledge of financial industry products and services would be advantageous.

Experience

At least 58 years AML experience.
5 years' experience in Financial Services Industry.
Minimum 35 years' experience in a management role.
Proven and demonstrable success in developing AML compliance frameworks.
Experience in advising on AML matters in an organisation with a diverse range of business activities.
Extensive experience of managing a diverse workload in relation to AML activities and have a strong ability to engage with internal and external business partners.
Experience in developing and implementing AML planning, monitoring, and reporting relating to financial crime.

Competencies

Technical

Comprehensive knowledge of regulations relating to Financial Crime Compliance, including without limitation
Financial Intelligence Centre Act, Prevention of Organised Crime Act (POCA), Prevention and Combating of Corrupt Activities Act, Protection of Constitutional Democracy Against Terrorist and Related Activities Act.
Strong knowledge of key regulatory issues and control assessment processes.
Comprehensive understanding of businesses, structures, governance and control frameworks and process & control infrastructures of firms in the financial services sector.
Strong analytical skills, with the ability to assimilate information from multiple sources quickly and accurately to inform decisions around key functions.
Ability to exercise oversight, knowledge and understanding of financial crime and AML policies, procedures, and control arrangements in a complex financial operation.
Sound understanding of budgeting and statistical data analysis.
FICA & AML/ CFT knowledge and proficiency.
Ability to identify weaknesses in the control environment and implement changes.
Knowledge of Customs regulations and procedures.

Behavioral

BUSINESS SUCCESS
Act with conviction and courage
Results Driven
Positive Disposition
Nimble Learning
BUILDING THE FUTURE
Embrace Change
Think and Act Strategically
Advocate the Vision and Purpose
Data Mindedness
WORKING WITH PEOPLE/COLLABORATION
Lead, Develop and Motivate Self and Others
Collaborate to make Bidvest Bank better

Duties and Responsibilities

FINANCIAL MANAGEMENT
Identify and implement revenue or cost saving opportunities and ensure adherence to budget.

Develop and manage budgets and forecasts for AML functions based on strategic requirements.
Control and manage costs and expenditure in line with departmental and Bank budget expectations.
Reduce fines and penalties for Bank noncompliance with regulatory requirements

OPERATIONAL EXCELLENCE
Drive strategy formulation and execution for AML.

Determine and implement strategy for AML department.
Plan, develop and build additional capacity commensurate with changes in the AML/ CFT regulatory environment.
Identify and inform of any changes to legislation and other regulatory requirements relating to AML/ CTF.
Oversee execution of and review/ approve the results of the annual AML risk assessments.
Provide assistance in preparing for impending regulatory changes or revisions to licensing structure.
Handle the management and execution of second line monitoring and assessment program for AML.
Develop, improve and maintain the AML/ CTF /PF policies and procedures.
Aid in the improvement of tools to monitor, analyse, and report suspicious activity to ensure compliance with the policies and procedures put in place.
Oversee and approve AML remediation plans.
Develop KPI and management reporting for AML area.
Establish effective AML IT requirements and testing.
Ensure effective sanction screening and testing.
Managing specific AML related projects

PEOPLE LEADERSHIP
Provide management responsibility to FCU team

Inspire, motivate, and support team so that they are effective and delivering high quality work and meeting organisational and individual objectives.
Manage planning of resource requirements, ensure sufficient capable resources are in place to meet service delivery demands, maintaining the effective and efficient capability of the team.
Build a high performing team where the best people are deployed in the right roles and deliver against strategy.
Ensure that all employees are motivated and developed.
Implement and maintain an effective system of internal cont