Anti Money Laundering Officer

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)

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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.

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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