(1879) Associate Analyst- AML

The successful candidate will be responsible for the following key performance areas:
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Provide administrative support to ensure smooth operations within the AML section of the division.
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Manage, organise, record and file AML inspection reports, compliance data remediation, case files and other relevant documentation.
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Prepare meeting minutes, schedule inspections and coordinate other relevant inspection activities.
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Maintain databases related to AML risk assessments and enforcement actions.
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Assist with the drafting of AML/CFT reports for senior management, regulatory bodies and other relevant stakeholders for information, statistical and decision-making purposes.
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Assist with drafting formal correspondence, such as directive letters and memorandums to NPS participants.
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Contribute to the development, maintenance and implementation of the AML/CFT supervisory framework, encompassing Directive 1 of 2022, the Financial Intelligence Centre Act 38 of 2001 (FIC Act) and other relevant AML/CFT legislation and regulations.
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Contribute to the continuous improvement and updating of AML/CFT supervisory methods and processes.
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Identify areas of improvement and contribute to the development or amendments of relevant legislation, regulations and best-practice standards.
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Contribute to the development and maintenance of risk-based methodologies to prioritise inspections and assess AML/CFT risks.
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Contribute to the development and execution of an AML/CFT supervisory inspection programme to plan and conduct supervision activities for the section.
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Assist in planning, leading and conducting AML/CFT thematic and full-scope inspections of non-banks within the scope of the FIC Act and relevant directives.
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Engage and collaborate with key stakeholders, including the Financial Intelligence Centre, Prudential Authority, Financial Surveillance Department and Financial Sector Conduct Authority, on AML/CFT supervisory matters.
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Assist in drafting and reviewing AML/CFT inspection reports that summarise findings and recommend corrective action.
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Assist in collecting evidence for enforcement action purposes.
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Keep abreast of Financial Action Task Force (FATF) recommendations and global AML/CFT trends and regulatory developments.
To be considered for this position, candidates must have:
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an honours degree in commerce, economics, finance, risk management, accounting or law, or an equivalent qualification in a related field;
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an Association of Certified Anti-Money Laundering Specialists (ACAMS) credential will be an advantage;
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a minimum of two to five years’ experience in AML/CFT, including evidence of managing deliverables and leading projects, with a minimum of one to two years’ experience in the banking or financial sector; and
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experience in the payment system environment will be an advantage.
Additional requirements include:

• willingness to travel for AML supervisory visits;
• knowledge and skill in:

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industry, business and organisational awareness;
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quality assurance;
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continuous improvement;
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continued learning/professional development;
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regulatory oversight and supervision;
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knowledge of:
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the NPS and AML;
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financial markets, bank supervision and interpretation of financial statements;
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NPS regulation and legal framework;
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the Principles for Financial Market Infrastructures (PFMI);
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risk management, including risk frameworks;
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central banking;
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applying relevant legislation, such as the National Payment System Act 78 of 1998 and the FIC Act;
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digital literacy;
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problem-solving and analysis;
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managing complexity and ambiguity;
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planning and organising;
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judgement and decision-making;
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resilience;
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impact and influence;
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building and maintaining relationships;
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conceptual thinking.