Job Description

To support and provide guidance to sanctions screening analysts in complicated cases and provide expert knowledge in other sanctions related escalationsBuild working relationships across teams and functional lines to enhance work delivery, collaboration and innovation.Deliver customer experience excellence in own service delivery aligned to Organisational values and service standards.Improve business decisions by providing accurate and reliable business intelligence (information) together with analysing trends and data.Provide regular reports on delivery of services against agreed service level agreements and in terms of overall customer targets.Accumulate information to review work progress that provides input to reporting, decision making and the identification of improvement opportunities.Oversee due diligence activities for to ensure the risks of a new partnership are properly assessed.Advise management and business on such risks and make recommendations regarding proposed engagements.Review strategic partnership opportunities presented and ensure adherence to relevant AML legislation.Participate in the development and delivery of compliance management system materials and training for fintech partners.Advise business on potential risks associated with their proposed product and design of related operational controls.Coordinate with other AML and Compliance teams to ensure a consistent approach to handling compliance issues.Research, analyse and draw conclusions related to all relevant regulations and their applicability to the Partner, products, services, and systems.Conduct AML or compliance monitoring of the partnership or Fintech to determine whether compliance is adequate and effectively managed in accordance with bank policies and procedures as well as regulatory requirements.Maintain proficient knowledge of the rules and regulations around AML CFT and Sanctions Act, Banks ACT, POPI, Sanction Regulations pertaining to the financial industry.Advise business on best practice for compliance by ensuring the business is educated on the compliance culture and by creating awareness around compliance implication of daily duties.Support the central function by assisting in developing of policies, procedures, frameworks, and tools with specific focus on relevant risk legislation, for the benefit of the larger organisation.Act an SME on sanctions with an in-depth understanding of South African and Broader African sanctions laws.Lead on drafting and maintaining group sanctions compliance documents including policy and procedure Provide expert sanctions advice and decisions on complex matters including interpretation of sanctions documents.Act as the lead on upstream sanctions risk and best practice.Be the first point contact and subject matter expert for sanction concerns raised by other compliance teams.Conduct enhanced investigations on escalated sanctions alerts from junior team members.Prepare and support all sanctions required reporting e.g., blocked and rejected transactions, annual reporting of blocked property, reporting pursuant to general or specific licences.Provide advice and guidance to other teams and key stakeholders, regionally and globally, on sanctions regulations and related company policies and procedures.Monitor global regulatory changes that may impact the sanctions compliance requirements and identify any changes to internal policies and procedures.Identify gaps in policies and procedures, training, resources, and organisational structures are actioned to ensure that regulatory requirements are meet.Conduct investigations and analysis in support of subpoenas and related inquiries and potential voluntary disclosures.Participate in planned activities that are appropriate for own development.Develop, encourage and nurture collaborative relationships across area of specialisation.Display and encourage an appreciation of teamwork and inclusivity.Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

28/03/25

All appointments will be made in line with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment and advancement of individuals with disabilities. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.