Overview
Financial Crime Risk Assessment Specialist Jobs in Johannesburg, South Africa at FirstRand Namibia Limited
Financial Crime
Risk Assessment
Specialist
Apply locations Johannesburg time type Full time posted on Posted 2 Days Ago time left to apply End Date:
January 24, 2025 (3 days left to apply) job requisition  R25495
Job Description
Thepurposeof this role is to provide ongoing oversight of the compliance issues impacting the financial crime risk profile. The role includes active engagement with segments on non-compliance issues raised by assurance providers or identified through breaches in key risk indicators. In addition, the incumbent will co-ordinate and participate in the group’s response to quarterly regulatory returns, periodic inspections, and progress reports on remediation.
Role
Purpose:
Thepurposeof this role is to provide ongoing oversight of the compliance issues impacting the financial crime risk profile. The role includes active engagement with segments on non-compliance issues raised by assurance providers or identified through breaches in key risk indicators. In addition, the incumbent will co-ordinate and participate in the group’s response to quarterly regulatory returns, periodic inspections, and progress reports on remediation.
Are you someone who has experience with:
Process
Evaluation and assessment
Coordinate (manage/direct/contribute to) requests for information, quarterly returns to the regulator, and self-assessment questionnaires or declarations.
Co-ordination of group response to inspections by the regulators, requesting information from segments, evaluation and assessment of segment feedback, submission to regulators and co-ordination of presentations.
Perform monthly Archer logs reviews and facilitate meetings with the respective segment compliance teams. The aim is to ensure that non-compliance issues are complete, accurate and valid when logged on Archer. Critically review risk rating, root causes and action plans and the adequacy of actions to close the findings on a timely basis.
Oversight through attendance of key segment or business unit meetings.
Reporting
Regulatory reports (management meetings, internal governance meetings, regulators):
Co-ordination of submissions, consolidation to create group view, evaluation and assessment of segment feedback.
Assurance
Facilitation of assessments and evaluation of the adequacy and effectiveness of established controls.
Logging, tracking and follow up of corrective actions to address deficiencies identified through assessments.
Preparation of the high-risk themes for monitoring based on legislation, frameworks, policies, minimum standards and guidance notes.
Other
Any other ad hoc task or work requirement which may be allocated to the incumbent by the Group Head of Financial Crime Compliance or the Group Financial Crime Compliance Manager.
Customer
Manage/direct/contribute, as appropriate, to engagement with regulators.
Maintain effective working relationships across First Rand’s financial crime centre of excellence including business unit compliance officers.
Qualifications and Experience
Post-graduate degree or an honours degree in Commerce with specialisation preferences in Auditing or Risk Management or Compliance or Legal.
At least 5 years relevant experience in compliance, risk management, internal or external audit.
Financial crime experience in the financial service industry will be beneficial.
We can be a match if you are:
Ambitious and driven.
Have high-energy and are resilien…
Title: Financial Crime Risk Assessment Specialist
Company: FirstRand Namibia Limited
Location: Johannesburg, South Africa
Category: Finance & Banking, Management
