Job Description
JOB PURPOSE
Implement, monitor and enhance the level of compliance related to systems and data reporting requirements in accordance with the Financial Intelligence Centre Act, No. 38 of 2001, as amended (FIC Act).
KEY PERFORMANCE AREAS:
Technical Competencies
- Provide expertise and advice on anti-money laundering compliance requirements pertaining to registrations, data streams and reporting to the FIC and the need to implement appropriate systems and processes by supervised institutions under the FIC Act;
- Assist with setting up of reporting streams based on the FIC’s technical system requirements;
- Conduct on-site and desktop system and reporting reviews of supervised institutions;
- Assess supervised institutions’ system capability and compliance reporting requirements within the industry sectors affected by the FIC Act;
- Identify enhancements to improve system and data reporting compliance oversight of the FIC and other supervisory bodies;
- Engage users to determine business requirements
- Gather and document business requirements
- Monitor and report on the state of compliance by Accountable and Reporting Institutions with registration and reporting obligations.
- Assist with remediation processes applied to non-compliant reporting and reporting failures of Accountable and Reporting Institutions, including Directive 3 remediation, and monitoring the state of remediation in terms of FIC requirements and instructions.
- Assist with the provision of reporting information for compliance reviews, inspections and or enforcement matters at the request of FIC or Supervisory Bodies, relating to compliance with registration and reporting requirements in terms of the FIC Act;
- Monitor developments within the ICT environment and recommend new processes, technologies and/or systems to enhance systems and data reporting compliance;
- Assist in developing diagnostic tools and applications to facilitate the monitoring, risk assessment and enforcement of FIC Act compliance;
- Engage with other FIC divisions in order to assess reporting compliance.
Education
- Relevant University Degree in Computer Science, Information Systems or equivalent
- Qualifications in anti-money laundering, compliance management and or forensics would be advantageous
Experience
- At least 3 (three) years' experience in a relevant field whilst 5 (five) years’ experience would be advantageous, i.e. compliance/risk experience, including practical experience in the application of compliance systems, of which 2 (two) years must be practical experience in the AML/CFT environment;
- Data management experience is a pre-requisite;
- ICT systems auditing experience would be desirable;
- MIS and statistical reporting experience using Business Intelligence and Dashboards;
- Excellent communication skills (oral and written);
- Project management skills;
- An intermediate to advanced level of computer literacy.
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