Salary R120 000 - R160 000 per month (based on experience)
How you'll role The company is looking for an experienced leader who has acquired considerable expertise in compliance, governance, and the financial regulation field, with a strong focus on AML and international money transfer. You will ensure that the company, its affiliates, its customers and its partners are protected from any damage that might result from the failure to comply with regulatory obligations and our own internal procedures regarding Financial Crime while taking into account our risk appetite. You will ensure the business keeps improving its frameworks and processes. You will report to the co-founder.
What you'll do Management of Regulatory Affairs: Be responsible for the management of our regulatory affairs, including regulatory compliance Take over the maintenance and potential expansion of our multiple licences in multiple jurisdictions globally Monitor and interpret new and existing laws, regulations, and industry standards affecting the organisation Ensure the companies' activities comply with applicable laws, regulations, and internal policies, particularly regarding relevant financial and regulatory frameworks Liaise with regulatory bodies and manage regulatory inspections, audits, and inquiries AML Management: Develop and enhance the company's compliance framework and rules using a risk-based, strategic approach Oversee AML team activities, including investigations, regulatory reporting, and customer/payment screening Manage agent and partner due diligence processes Assess risks associated with clients, financial instruments, and services, updating systems and procedures as needed Align the AML program with regulatory changes and business strategy, ensuring efficient, automated workflows Implement improvements that consider customer experience, agent network, and overall business performance Regularly review and update AML policies and procedures Support expansion into new products and territories by engaging with regulators and integrating regulatory considerations into strategic decisions Advise on corrective actions and inform senior management of policy gaps Financial Crime Prevention: Be passionate about protecting our customers and our company from fraudsters Provide recommendations to minimise business fraud risks Support negotiations and recovery efforts Design and implement fraud prevention processes Manage daily operations of the fraud investigations team Conduct fraud risk assessments for new products/services Investigate fraud cases and draft related policies/procedures Analyse data and prepare intelligence reports for management Develop and deliver anti-fraud training materials Address fraud risk management inquiries from business units Technical Leadership: Utilise systems thinking and data analysis for informed decision-making Own the implementation, management, and enhancement of compliance systems Drive technical understanding and data analysis for AML and fraud prevention Enhance technical capabilities within the compliance department What you'll need Degree or above in law, data, compliance, criminology or related field Five years of relevant experience in banking, financial or crypto sectors Familiar with case investigation, fraud risk controls, regulatory requirements and market practices Good data analytical, interpersonal and communication skills Self-motivated and able to work under pressure You have implemented and actively managed rules for multiple fraud prevention, customer and transaction screening, and monitoring systems You are the compliance champion within the business and the business champion within the compliance sphere You have worked for a fast-growing remittance, payments or crypto fintech Job Notes In your first 90 days at the company you will:
Understand the business, products, corridors, transaction patterns, existing rules and framework, and regulatory obligations Do your first risk assessment of the business from a compliance perspective, identify gaps and propose mitigation strategies Get to know the compliance team, the senior management team, and the overall people in the organisation NB: Applications only open to candidates in Cape Town, or candidates who are actively looking to relocate at their own expense.
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