Lets Write Africa's Story Together!

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

Job Description

This role reports to the CABS Head of Compliance and assists in maintaining a culture of compliance as well as ensuring that Financial Crime Compliance encompassing; Anti Money Laundering (AML) compliance management processes; Sanctions Screening; Customer Due Diligence; KYC Procedures and training are implemented at CABS. The individual will also be responsible for delivering the investment value proposition on compliance in selected practices.

Responsibilities

• Assist the Head of Compliance in establishing and embedding a culture of compliance through the development of AML compliance programmes and monitoring plans.

• Assist in formulating, reviewing, and disseminating AML compliance policies, procedures, and guidelines across the business.
• Provide advice and recommendations to business management through EXCO on business relationships in line with the Board-approved AML Risk Appetite.
• Advise on correspondent banking relationships and associated AML risks.
• Support the timely review and update of the Board-approved Institutional Risk Assessment.
• Provide guidance to business units on AML compliance requirements and assist with the implementation of approved AML compliance plans.
• Assist in maintaining an AML legislative log and preparing monthly and quarterly reports for Executive Management and Board Committees.
• Support business units in resolving AML compliance breaches and implementing agreed mitigation measures.
• Prepare periodic AML Compliance Monitoring Reports for Management and Board Committees.
• Assist in ensuring day-to-day AML compliance by assessing transaction reports and recommending further investigation or reporting to regulators and law enforcement agencies where necessary.
• Monitor compliance with approved AML policies and procedures and report findings as required.
• Assist in designing and implementing AML programmes covering sanctions screening, customer due diligence (CDD), Know Your Customer (KYC), and AML training.
• Monitor transactions and account activity, identify suspicious transactions, facilitate regulatory reporting, and maintain prescribed records.
• Research, develop, and implement enhanced compliance risk management and monitoring systems.
• Provide legislative analysis and support compliance awareness and training initiatives within the business.

Minimum Qualifications

• A Law/Business Degree or a related Professional Qualification with Business Law as a module.

Experience

• At least two (2) years' relevant experience in the Financial Services Sector

 

Skills

Compliance Software, Computer Literacy, Customs Compliance, Data Compilation, Engineering Standards, Evaluating Information, Learning and Development (L&D), Legal Practices, Management Reporting, Oral Communications, Professional Presentation, Regulatory Compliance Management

Competencies

Action Oriented

Communicates Effectively

Decision Quality

Ensures Accountability

Instills Trust

Manages Complexity

Optimizes Work Processes

Organizational Savvy

Education

Closing Date

29 September 2026 , 23:59

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