Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Minimum requirements:

• Namibian Citizenship.
• AML Certificate from the Association of Certified Anti-Money Laundering Specialists (ACAMS) or similar/relevant qualification.
• 2-3 years' experience in AML compliance.
• Strong technical skills and critical thinking.
• Good understanding of the non-banking financial services industry will be an added advantage.
• Flawless command of the English language.
• An assertive self-starter with excellent communication, organisation and presentation skills.
• The ability to work under pressure while maintaining high service levels.
• Team player.

Duties and responsibilities:

a) Being deployed at Line 1 and will assist the various Old Mutual Accountable Institutions in discharging their statutory reporting obligations in terms of the Financial Intelligence Act and the Prevention and Combating of Terrorist and Proliferation Activities Act.
b) Implement the RMCP, determine controls and procedures to mitigate money laundering (ML), terrorist financing (TF) and proliferation financing (PF) risks in-line with the AML/ Counter Terrorist and Proliferation Financing (CTPF) Risk Management and Compliance Programme (RMCP).
c) Design, implement and document internal procedures in order to evidence how the AI will comply with the RMCP.
d) Responsible for client on-boarding, customer due diligence (CDD) and ongoing due diligence (ODD) (i.e. all record keeping responsibilities), as well as transaction monitoring;
e) Receive sanctions, politically exposed persons (PEPs), suspicious transaction reports (STR), suspicious activity reports (SAR), cash transaction reports (CTR) alert investigation potential true match results.
f) Investigate sanctions/PEPs/CTR/STR/SAR alerts and escalate immediately material AML, CFTP and sanction breaches, risks, risk events or material non-compliance to the Group AML Officer, inclusive of whitelisting.
g) Responsible for ongoing client relationship, by performing enhanced due diligence (EDD) for PEPs and high-risk clients.
h) Performing of adverse media searches on PEPs and high-risk clients.
i) Obtaining business unit approval for the business relationship to continue for PEPs and high-risk clients, supported by an EDD report.
j) Perform annual reviews of PEPs and high-risk clients’ status, supported by updated EDD report.
k) Review and/or update the AI internal procedures annually.
l) Cooperating with Group AML Officer and group Compliance Officer on requests for information, reviews, audits and investigations on the Financial Intelligence Act/AML related investigations.
m) Responsible to implement employee training and development set of training material and to ensure that adequate arrangements are in place to store training material and registers of employees that attended.

Responsibilities

Regulatory and Compliance Management

Investigate all kinds of incidents and reports and provide expert advice to more senior colleagues. Minimize risk exposures and ensure adherence with regulatory standards by working with all internal functions to make sure compliance programs are properly implemented.

Regulatory Affairs

Take responsibility for managing and delivering a designated work program.

Document Preparation

Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

Information and Business Advice

Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, referring issues to others where necessary for interpretation of policy.

Policies and Procedures Development

Develop, test, and maintain procedures and guidelines to support the organization in the implementation of, and compliance with, internal policies and/or external regulations.

Financial and Commercial Risk Identification

Identify and escalate commercial or financial risks for construction works, to aid risk management.

Recommendations

Advise managers how to apply a wide variety of existing procedures and precedents.

Training development and delivery

Develop training courses to fill gaps in existing programs, methods, or tools. Run training programs for specific technical areas using prepared content.

Personal Capability Building

Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Skills

Competencies

Education

Closing Date

The Old Mutual Story!