Overview
Anti Money Laundering Officer Pinelands Jobs in Cape Town, Western Cape 8000 at Job Crystal
Purpose of the Role
The purpose of this role is to ensure the business’s ongoing compliance with Anti-Money Laundering (AML) regulations by overseeing and conducting investigations, reporting obligations, and implementing effective risk mitigation strategies. The AML Compliance Officer plays a key role in fostering a culture of compliance, supporting regulatory readiness, and safeguarding the business against financial crime by working closely with internal stakeholders and regulatory bodies.
Minimum Requirements
Matric / Grade 12
A suitable legal or commerce qualification (advantageous)
Certificate in Anti-Money Laundering (advantageous)
Working knowledge of the following legislation (advantageous):
Financial Intelligence Centre Amendment Act (FICAA)
Protection of Constitutional Democracy Against Terrorist and Related Activities Act
Prevention of Organised Crime Act and related regulations
3–5 years of financial industry experience, specifically within Insurers, Unit Trust Service Providers, or Linked Investment Service Providers
Knowledge of the business’s systems and platforms (advantageous)
Key Responsibilities
Conduct investigations into all AML-related alerts and activities to determine regulatory reporting requirements to the Financial Intelligence Centre (FIC).
Assist the AML Officers in fostering a strong culture of AML compliance across the business.
Support the development, implementation, and maintenance of AML compliance risk management and monitoring plans.
Contribute to the identification and implementation of effective mitigating actions for key AML risks.
Act as the Money Laundering Reporting Officer (MLRO) for South African registered Accountable Institutions under the business.
Investigate the following:
Reportable Cash Transactions (CTR/CTRA) identified via monitoring systems or reported by the business;
Suspicious and Unusual Transactions or Activities (STR/STRA) generated via internal alerts or business reports;
Screening results related to Sanctions, Domestic Prominent Influential Persons (DPIPs), Foreign Prominent Public Officials (FPPOs), and Politically Exposed Persons (PEPs).
Ensure timely submission of CTRs, STRs, and Terrorist Property Reports to the FIC.
Manage S27, S32, and S34 enquiries from the FIC or other authorized agencies with urgency and accuracy.
Collate AML-related data across the business to support compliance program development and enhancement.
Engage with internal stakeholders to address risks from control failures and ensure effective remediation.
Prepare clear, accurate reports for internal stakeholders on AML risks, regulatory submissions, and compliance status.
Implement Risk Management and Compliance Program (RMCP) requirements through updated processes, rules, SOPs, and MLRO training.
Skills and Attributes
Strong accountability and a proactive mindset
Excellent interpersonal and influencing skills
Ability to collaborate effectively across departments
High business acumen and solution-oriented thinking
Self-motivated with the ability to work independently
Strong stress management and deadline-oriented approach
Team player with a passion for compliance and regulatory integrity
Job Type: Full-time
Pay: R25Â 000,00 – R30Â 000,00 per month
Work Location: In person
Title: Anti Money Laundering Officer Pinelands
Company: Job Crystal
Location: Cape Town, Western Cape 8000
Category:
