(1880) Analyst- AML

The successful candidate will be responsible for the following key performance areas: 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 of AML/CFT supervisory processes, methods and procedures. Identify areas for improvement and contribute to the development or amendment 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. Plan, lead and conduct thematic and full-scope AML/CFT inspections of entities within the scope of the FIC Act, the Authorisation Framework 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.

Draft AML/CFT inspection reports that summarise findings and recommend corrective action. Assess the inspection reports and identify entities that should be referred to the enforcement section for further action. Contribute to drafting AML/CFT reports for senior management, regulatory bodies and other relevant stakeholders for information, statistical and decision-making purposes.

Draft reports and other documents, such as letters, briefing notes and memorandums, for relevant stakeholders as required. Analyse Financial Action Task Force (FATF) developments and provide input into supervisory approaches, risk assessments and inspection methodologies. Act as a point of contact for supervised entities for matters relating to AML/CFT supervision.

Represent the South African Reserve Bank at industry meetings, forums, working groups and committees, among other platforms. To be considered for this position, candidates must have: an honours degree in commerce, economics, finance, risk management, accounting or law, or an equivalent qualification in a related field; an Association of Certified Anti-Money Laundering Specialists (ACAMS) credential or similar AML/CFT qualification; a minimum of five to eight years’ experience in AML/CFT, including evidence of managing deliverables and leading projects, with at least one to two years’ experience in the banking or financial sector; and experience in the payment system environment will be an advantage.

Additional requirements include: willingness to travel for AML supervisory visits; knowledge and skill in: industry, business and organisational awareness; quality assurance; continuous improvement; continued learning/professional development; regulatory oversight and supervision; knowledge of: the NPS and AML; financial markets, bank supervision and interpretation of financial statements; NPS regulation and legal framework; the Principles for Financial Market Infrastructures (PFMI); risk management, including risk frameworks; central banking; applying relevant legislation, such as the National Payment System Act 78 of 1998 and the FIC Act; digital literacy; problem-solving and analysis; managing complexity and ambiguity; planning and organising; judgement and decision-making; resilience; impact and influence; building and maintaining relationships; and