We’re looking for…

An AML Officer to oversee and manage the Anti-Money Laundering (AML) program, ensuring compliance with relevant regulations. You will act as the main point of contact with external regulatory and compliance bodies, manage AML reporting obligations, and advise internal stakeholders on risk mitigation.

What’s the role?

You will be responsible for:

AML Program Development and Oversight

• Maintain, enhance, and implement the company’s AML policies, procedures, and frameworks in line with local regulations (e.g., FICA in South Africa).
• Ensure adherence to the Financial Intelligence Centre Act (FICA) and other applicable laws.

Reporting Obligations

• Act as the MLRO and primary liaison with regulatory bodies (e.g., the Financial Intelligence Centre).
• Submit Suspicious Transaction Reports (STRs) and other mandatory filings to authorities.

Monitoring and Investigations

• Oversee daily transaction monitoring and escalate any suspicious activity for further investigation.
• Conduct investigations and recommend corrective actions to mitigate risks.

Compliance and Risk Management

• Conduct AML risk assessments for new products, services, and partnerships.
• Work closely with external compliance and risk teams to align company objectives with legal standards.

Training and Awareness

• Train employees on AML regulations, red flags, and compliance procedures.
• Regularly update staff on changes in AML regulations.

Internal Collaboration

• Collaborate with various departments, including operations, customer service, and product teams, to ensure compliance requirements are met.
• Provide guidance to leadership on emerging compliance risks.

Audit and Reporting

• Prepare reports for senior management and board meetings summarizing AML compliance efforts and issues.
• Assist in regulatory audits and inquiries as required.