(1879) Associate Analyst- AML

The successful candidate will be responsible for the following key performance areas:

• Provide administrative support to ensure smooth operations within the AML section of the division.
• Manage, organise, record and file AML inspection reports, compliance data remediation, case files and other relevant documentation.
• Prepare meeting minutes, schedule inspections and coordinate other relevant inspection activities.
• Maintain databases related to AML risk assessments and enforcement actions.
• Assist with the drafting of AML/CFT reports for senior management, regulatory bodies and other relevant stakeholders for information, statistical and decision-making purposes.
• Assist with drafting formal correspondence, such as directive letters and memorandums to NPS participants.
• 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.
• Contribute to the continuous improvement and updating of AML/CFT supervisory methods and processes.
• Identify areas of improvement and contribute to the development or amendments of relevant legislation, regulations and best-practice standards.
• Contribute to the development and maintenance of risk-based methodologies to prioritise inspections and assess AML/CFT risks.
• Contribute to the development and execution of an AML/CFT supervisory inspection programme to plan and conduct supervision activities for the section.
• 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.
• 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.
• Assist in drafting and reviewing AML/CFT inspection reports that summarise findings and recommend corrective action.
• Assist in collecting evidence for enforcement action purposes.
• Keep abreast of Financial Action Task Force (FATF) recommendations and global AML/CFT trends and regulatory developments.