Rand Mutual Assurance requires the services of an Anti-money Laundry Compliance Officer to oversee the Anti-Money Laundering portfolio for the RMA Group, and other allocated portfolios. for an initial 3 months, until the end of December 2024, with a strong possibility of extension. This role is hybrid with their offices being in Parktown, Johannesburg.

The AML Compliance Officer will be responsible for performing periodic compliance monitoring reviews to identify issues of non-compliance. The outcome of monitoring reviews will assist the business unit to identify areas of non-compliance and improvement and aid the business unit in executing its responsibility to comply with all regulatory codes and legislative requirements.

The successful consultant will also be required to ensure that the business is operating within the prescribed legal and regulatory frameworks by facilitating the periodically monitoring compliance with internal policies and procedures embedded with the company via manual and electronic formats.

Key Responsibilities of the role include:

• Oversee the Anti-Money Laundering Portfolio for Group Compliance
• Performing periodic compliance monitoring reviews
• Identify area of non-compliance and improvement
• Ensuring compliance with all regulatory codes and legislative requirements
• Stakeholder relationship management and training

Required qualifications:

• Relevant business-related degree (essential), with an accompanying Compliance related qualification
• BCom Law / LLB (Advantageous)
• Registered as a Member with the CISA (Essential)
• FSCA Regulatory Exam (RE1) (Advantageous)
• Professional Compliance Designations i.e., AML CPRAC(SA) or CPRAC(SA) (Advantageous)

Required experience:

• 5 to 7 years experience working in a compliance environment
• 5 years' experience in an AML role within the insurance industry or financial services industry
• Excellent working knowledge of the AML legislation is a must, and good working knowledge of all insurance related legislation will be an added advantage
• Good working knowledge of the GACP will be an added advantage

Required knowledge and skills:

• Excellent working knowledge of AML will be an added advantage
• Practical knowledge of applicable insurance and related legislation
• Ability to interface with Regulators
• Functional Knowledge of COIDA
• Excellent verbal communication and writing skills
• Ability to work under pressure and meet deadlines
• Good presentation skills and ability to interact with senior management
• Experience in compiling compliance reports and regulatory submissions
• Professional Compliance Designations i.e., AML CPRAC(SA) or CPRAC(SA) an advantage