Anti-Money Laundering Officer

Duties

• 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
• 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)
• Design, implement and document internal procedures in order to evidence how the AI will comply with the RMCP
• 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
• Receive sanctions, politically exposed persons (PEPs), suspicious transaction reports (STR), suspicious activity reports (SAR), cash transaction reports (CTR) alert investigation potential true match results
• Investigate sanctions/PEPs/CTR/STR/SAR alerts and escalate immediately material AML, CFTP and sanction breaches, risks, risk events or material noncompliance to the Group AML Officer, inclusive of whitelisting
• Responsible for ongoing client relationship, by performing enhanced due diligence (EDD) for PEPs and high-risk clients
• Performing of adverse media searches on PEPs and high-risk clients
• Obtaining business unit approval for the business relationship to continue for PEPs and high- risk clients, supported by an EDD report
• Perform annual reviews of PEPs and high-risk clients’ status, supported by updated EDD report
• Review and/or update the AI internal procedures annually
• 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
• 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
• Provide advice, develop and / or update the Employee Training and Development framework and set of training material and provide training for the business or functional units / entities with respect to all relevant legislation and industry changes or amendments thereto, inclusive of general communications as the need arises
• Performs additional duties and responsibilities as required

Requisites

• Namibian citizenship
• Relevant tertiary degree or diploma (minimum NQF level 7)
• AML Certificate from the Association of Certified Anti-Money Laundering Specialists (ACAMS) or similar/relevant qualification
• 2 – 3 years’ compliance experience
• 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
• Assertive self-starter with excellent communication, organisation and presentation skills
• Ability to work independently and under pressure while maintaining high service levels and
• A team player

Note

• Only shortlisted applicants will be contacted