About the Role:
As an AML Operations Specialist, you will play a critical role in safeguarding our client's reputation by ensuring compliance with stringent anti-money laundering (AML), counter-terrorism financing (CTF), and counter-proliferation financing (CPF) regulations. You will be responsible for conducting thorough due diligence on clients, monitoring transactions, and identifying potential risks.
Minimum skills and knowledge required
- Legal or commercial degree required.
- AML compliance certificate / ACAMS preferred
- 1 to 2 years experience in performing enhanced customer due diligence and report preparation
- 2 3 years customer onboarding and ongoing due diligence experience
- In-depth knowledge of the AML legal framework in South Africa (FIC Act and related PCCs, guidance notes, and directives), including ultimate beneficial ownership assessments in accordance with PCC59.
- A good understanding of FATF recommendations and international AML standards.
- A good understanding of Guernsey AML requirements is preferable
Key Responsibilities:
- Enhanced Due Diligence (EDD): Conduct comprehensive EDD on high-risk clients, including legal entity onboarding and understanding beneficial ownership structures.
- Customer Due Diligence (CDD): Perform CDD on clients and linked parties, ensuring compliance with regulatory requirements and internal policies.
- Transaction Monitoring: Analyze transactions to identify suspicious activity and potential money laundering or terrorist financing risks.
- Sanctions Screening: Conduct regular sanctions, PEP, and adverse media screening to mitigate reputational and operational risks.
- Regulatory Compliance: Stay up-to-date with evolving AML/CTF/CPF regulations and ensure adherence to internal policies and procedures.
- Risk Assessment: Assess and mitigate AML/CTF/CPF risks associated with clients and transactions.
- Reporting and Documentation: Prepare accurate and timely reports, maintain detailed records, and collaborate with internal and external stakeholders.
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