About the Role:As an AML Operations Specialist, you will play a critical role in safeguarding our client's reputation by ensuring compliance with stringent anti-money laundering (AML), counter-terrorism financing (CTF), and counter-proliferation financing (CPF) regulations.
You will be responsible for conducting thorough due diligence on clients, monitoring transactions, and identifying potential risks.Minimum Skills and Knowledge Required:Legal or commercial degree required.AML compliance certificate / ACAMS preferred.1 to 2 years experience in performing enhanced customer due diligence and report preparation.2 to 3 years customer onboarding and ongoing due diligence experience.In-depth knowledge of the AML legal framework in South Africa (FIC Act and related PCCs, guidance notes, and directives), including ultimate beneficial ownership assessments in accordance with PCC59.A good understanding of FATF recommendations and international AML standards.A good understanding of Guernsey AML requirements is preferable.Key Responsibilities:Enhanced Due Diligence (EDD): Conduct comprehensive EDD on high-risk clients, including legal entity onboarding and understanding beneficial ownership structures.Customer Due Diligence (CDD): Perform CDD on clients and linked parties, ensuring compliance with regulatory requirements and internal policies.Transaction Monitoring: Analyze transactions to identify suspicious activity and potential money laundering or terrorist financing risks.Sanctions Screening: Conduct regular sanctions, PEP, and adverse media screening to mitigate reputational and operational risks.Regulatory Compliance: Stay up-to-date with evolving AML/CTF/CPF regulations and ensure adherence to internal policies and procedures.Risk Assessment: Assess and mitigate AML/CTF/CPF risks associated with clients and transactions.Reporting and Documentation: Prepare accurate and timely reports, maintain detailed records, and collaborate with internal and external stakeholders.
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