Company Description
Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.
Job Description
To define and maintain the Anti-Money Laundering and Combatting Financing of Terror (AML / CFT) Quality Assurance framework covering all Money Laundering and Financing of Terror Surveillance processes, services and products and to conduct end-to-end QA reviews across MLS accordingly, therefore mitigating the potential for operational losses, fines, penalties or reputational damage to the organisation.
Qualifications
Minimum Qualifications
Type of Qualification: Diploma / Risk Management
Experience Required
Group Anti Financial Crime- 3-4 years
- Experience in the analysis of money laundering and terrorist financing indicators and trends. Experience in bank processes, products and systems.
- Experience in dealing with different stakeholders at different levels both internal and external. Experience in quality assurance or audit (i.e. able to conduct qualitative assessment of peer / subordinate work). Experience in an oversight role related to AML / CFT analytics.
- Experience in the realm of Anti-Fraud, -Bribery, -Market Abuse, -Money Laundering and Combatting Financing of Terrorism Surveillance, Analytics and Investigation.
Additional Information
Outputs:
- Capture findings and conclusions in the required reporting format and systems and prepare and submit outcomes as prescribed by relevant policies and procedures.
- Collaborate with the Financial Intelligence Centre, as and when required, to address large scale or sensitive financial crimes, as they relate to specific requests issued by the FIC.
- Conduct in-depth analysis to ensure that the organisations' products and services adhere to all relevant legislation and regulations.
- Contribute to the periodic and ad-hoc system, process or data related reviews (e.g. rule tuning, systems verification, transaction monitoring, bank data testing, quality assurance reviews) as per the respective plans.
- Define and maintain the AML / CFT Quality Assurance framework in the context of relevant money laundering and terrorist financing trends, previous QA outcomes, regulations, legislation, standards, processes, procedures and any relevant guidance. Conduct QA reviews in MLS in accordance with the QA framework. Manage and monitor the implementation of improvements and remedial actions emanating from the QA findings, until close out
Technical Competencies:
- Financial Industry Regulatory Framework
- Fraud Detection and Management
- Identity and Security Compliance
- Promote Good Governance, Risk & Control
- Quality Management System Support
- Risk Management
What We Do
As a brand with a legacy of 161 years in Africa, we have a deep understanding and belief in the boundless opportunities that this continent presents. Our vision extends beyond mere geography; it encompasses a profound recognition of the potential for growth that resonates within our people, customers, entrepreneurs, and all who share our unwavering commitment and passion for investing in Africa. With a presence in 20 countries across sub-Saharan Africa, we have cultivated a diverse community of the most skilled, innovative, and creative minds in the industry. Our purpose is to drive Africa's growth, acting as a catalyst for inclusive and sustainable economic development in the regions we serve. We strive to improve the lives of our fellow Africans by conducting business in an ethical and responsible manner. As a trusted partner, we consistently set higher standards and aspire to become better with each endeavour. We are more than just a banking institution; we are a driving force behind Africa's growth. Join us on this transformative journey. Together, we have the collective power to propel Africa into the future, making tangible progress for all who proudly call Africa home.
