Standard Bank Group is a leading Africa-focused financial services group, and an innovative player on the global stage, that offers a variety of career-enhancing opportunities – plus the chance to work alongside some of the sector’s most talented, motivated professionals. Our clients range from individuals, to businesses of all sizes, high net worth families and large multinational corporates and institutions. We’re passionate about creating growth in Africa. Bringing true, meaningful value to our clients and the communities we serve and creating a real sense of purpose for you.

Job Description

To provide input into the strategy and to assist in the strategic execution in the business Financial Crime Compliance risk management functions and business partnering initiatives, as pertains to Anti-Money Laundering (AML) & Counter Financing of Terrorism (CFT), Sanctions, Anti-Bribery and Corruption (ABC) and Prevention of Facilitation of Tax Evasion (PFTE), in order to discharge Financial Crime Compliance risk management processes as required by relevant regulatory and supervisory requirements, policies and minimum standards.

Develop and execute on strategy to facilitate the growth of the bank

• Provide Financial Crime Risk Management advisory services to Business Executives, Line Management and staff in discharging their responsibility to comply with Financial Crime Compliance statutory, regulatory and supervisory requirements to:

o Protect the reputation of the Group

o Avoid legal action against the Group

o Promote Group Supervisory and Regulatory interaction

o Protect the Groups assets and Employees

• Provide input into business risk management strategy ensuring alignment to the FCC strategies of the bank and Group FCC as guided by the group strategic purpose and regulatory requirements.

• Steer business initiatives through identification of Financial Crime Compliance deficiencies and guiding business in determining appropriate remedial action plans

• Identify and facilitate the formulation of technology and operational implementations for Financial Crime Compliance, ensuring the drafting of appropriate Business Requirements and Change Requests using Business Change and Information Technology functions appropriately.

• Ensure business readiness in the instance of Money Laundering Surveillance and Sanctions Screening solution deployments and enhancements.

• Ensure appropriateness and fit of customised and documented processes and procedures within the Country to address Money Laundering Surveillance

• Review and verify investigations of suspicious transactions, validating the suspicion and ensuring appropriate reporting to the in-country Regulator.

• Ensure continuity of operational effectiveness of Financial Crime Compliance Systems through the relevant support functions and processes of the Africa IT desk.

Develop internal and external stakeholder relationships to build credibility of the bank

• Develop and build key stakeholder relationships with the executive leadership of all business lines and support functions in the Country to ensure alignment and consistency across relevant business units

• Lead effective lobbying with regulatory and supervisory bodies to drive industry and regulatory change and lead input to influence content of draft regulations and guidelines prior to publication e.g. inclusive banking

• Develop and maintain key relationships with regulators and supervisors to promote Group supervisory and regulatory interactions.

• Network with Regional Money Laundering Control Bodies and member Banks to promote the standing of the Group

Lead and develop a team to support business

• Actively promote, on an ongoing basis, the Financial Crime Compliance area along with a culture of compliance, to Business, to ensure continued strategic awareness and alignment

• Support and maintain strong team dynamics and culture.

• Harness the collective resources within the Country and Centre Compliance teams and drive towards meeting the strategic goals of Financial Crime Compliance.

• Manage the team to ensure top performance and effective delivery of objectives for the Financial Crime Compliance.

Engage and partner with business to protect the reputation, assets and employees of the bank

• Guide business in identifying and analysing all Money Laundering, Sanctions, Terror Financing, Bribery and Corruption and Facilitation of Tax Evasion risks within the bank and its processes and the development of remedial actions

• Provide advisory services on Sanctions risk inherent in the Country, the business’s clients and cross-border transaction functions.

• Ensure that adequate and effective guidance and advice is provided on prospective or existing customers to the business teams regarding:

o Due Diligence to be performed in onboarding and periodic reviews

o High Risk or Complex structures within the clients

o Submissions to the Country High Risk Committee

Facilitate policy, standards and controls implementation and embedment to effectively manage compliance risks within the bank 

• Drive the implementation and maintenance of Policies and Minimum Standards within the Financial Crime     Compliance Framework

• Ensure that the bank customises, adopts, embeds and enforces the governance standards documented in the Financial Crime Compliance Policies and Standards

• Provide Subject Matter Expertise (SME) in guiding and supporting the country Policy Officer in the customisation of policies, and the submission of dispensations requests against the Group Policies and Standards, in response to changes in the regulatory landscape

Steer and support compliance risk management to efficiently identify and manage risks within the bank

• Develop a risk management and compliance plans in support of regulatory or supervisory requirements and controls

• Provide appropriate input into monitoring plans to ensure that the Country Compliance Monitoring Team establish monitoring and testing coverage plans to assess the adequacy and effectiveness of controls in the country

• Mobilise review functions to ensure that conformance reviews are conducted for Financial Crime Compliance in the following areas at minimum:

o Risk Based Approach;

o Customer Due Diligence;

o Enhanced Due Diligence;

o Prominent and Influential Persons (PIP);

o Correspondent Banking;

o Recordkeeping;

o Money Laundering Surveillance;

o Sanctions Screening;

o Anti-bribery and corruption; and

o Prevention of Facilitation of Tax Evasion

Facilitate and ensure roll out of training initiatives to raise awareness of risks and empower the bank to manage them adequately

• Identify and support enabling functions in addressing specific training needs of front line, back-office and executive staff members to meet control and regulatory requirements within the Country.

• Ensure quality-assurance and sign-off of training and awareness content to ensure suitability to local regulatory requirements and operating environment prior to roll-out.

• Ensure meaningful and effective reporting of training statistics while appropriately highlighting challenges in the roll-out to relevant Executives

Ensure consistent reporting of financial crime compliance matters to create visibility and obtain support and alignment for remediation amongst senior stakeholders 

• Immediately report material Financial Crime Compliance matters to the Head of Compliance, Regional Financial Crime Compliance Officers and Senior Management

• Complete effective and timeous monthly reports as may be required to Business Unit Governance structures, Group Governance structures and regulatory requirements.

• Ensure timely submission of regulatory reports per regulatory stipulations as pertains to (where applicable):

o Suspicious Activity Reports;

o Suspicious Transaction Reports;

o Terrorist Property Reports;

o International Funds Transfer Reports; and

o Any other reports as required by the Country’s regulators or supervisors as pertains to Anti-Money        Laundering, Counter Financing of Terrorism, Sanctions, Anti-Bribery and Corruption and Prevention of Facilitation of Tax Evasion legislation.

Qualifications

Type of Qualification: First Degree
Field of Study: Risk Management/ Business Commerce / Legal degree / Local country degree in business or Financial Commerce or Legal preferred

Experience Required
Group Anti Financial Crime
Compliance
3-4 years
Experience in Analytics, Fraud, Money Laundering and Combatting Financing of Terrorism Surveillance.

5-7 years
ML investigations in conjunction with regulatory reporting (operational application of FICA). Banking systems & data and how to utilize in investigations. Analysis of AML/CFT indicators/trends. Dealing with stakeholders at different levels, internal and external.

Comprehensive understanding of the regulatory and business environment of the Relevant Business Unit

Solid understanding of the Business Unit’s needs and ability to translate them into risk management solutions.

Additional Information

Behavioural Competencies:

• Challenging Ideas
• Convincing People
• Directing People
• Empowering Individuals
• Establishing Rapport
• Interacting with People
• Making Decisions
• Providing Insights
• Resolving Conflict
• Team Working
• Thinking Positively
• Upholding Standards

Technical Competencies:

• Compliance
• Financial Industry Regulatory Framework
• Fraud Detection and Management
• Legal Compliance
• Promote Good Governance, Risk & Control
• Risk Management

• Provide Financial Crime Risk Management advisory services to Business Executives, Line Management and staff in discharging their responsibility to comply with Financial Crime Compliance statutory, regulatory and supervisory requirements.
• Provide input into business risk management strategy ensuring alignment to the FCC strategies of the bank and Group FCC.
• Steer business initiatives through identification of Financial Crime Compliance deficiencies and guiding business in determining appropriate remedial action plans.
• Identify and facilitate the formulation of technology and operational implementations for Financial Crime Compliance.
• Ensure business readiness in the instance of Money Laundering Surveillance and Sanctions Screening solution deployments and enhancements.
• Ensure appropriateness and fit of customised and documented processes and procedures within the Country to address Money Laundering Surveillance.
• Review and verify investigations of suspicious transactions, validating the suspicion and ensuring appropriate reporting to the in-country Regulator.
• Ensure continuity of operational effectiveness of Financial Crime Compliance Systems.
• Develop and build key stakeholder relationships with the executive leadership of all business lines and support functions.
• Lead effective lobbying with regulatory and supervisory bodies to drive industry and regulatory change.
• Develop and maintain key relationships with regulators and supervisors.
• Network with Regional Money Laundering Control Bodies and member Banks.
• Actively promote the Financial Crime Compliance area along with a culture of compliance.
• Support and maintain strong team dynamics and culture.
• Harness the collective resources within the Country and Centre Compliance teams.
• Manage the team to ensure top performance and effective delivery of objectives.
• Guide business in identifying and analysing all Money Laundering, Sanctions, Terror Financing, Bribery and Corruption and Facilitation of Tax Evasion risks.
• Provide advisory services on Sanctions risk inherent in the Country, the business’s clients and cross-border transaction functions.
• Ensure adequate and effective guidance and advice is provided on prospective or existing customers regarding Due Diligence, High Risk or Complex structures, and Submissions to the Country High Risk Committee.
• Drive the implementation and maintenance of Policies and Minimum Standards within the Financial Crime Compliance Framework.
• Ensure that the bank customises, adopts, embeds and enforces the governance standards documented in the Financial Crime Compliance Policies and Standards.
• Provide Subject Matter Expertise (SME) in guiding and supporting the country Policy Officer.
• Develop a risk management and compliance plans in support of regulatory or supervisory requirements and controls.
• Provide appropriate input into monitoring plans to ensure adequate and effective controls.
• Mobilise review functions to ensure that conformance reviews are conducted for Financial Crime Compliance.
• Identify and support enabling functions in addressing specific training needs.
• Ensure quality-assurance and sign-off of training and awareness content.
• Ensure meaningful and effective reporting of training statistics.
• Immediately report material Financial Crime Compliance matters.
• Complete effective and timeous monthly reports.
• Ensure timely submission of regulatory reports.

• Risk Management
• Financial Crime Compliance
• Anti-Money Laundering (AML)
• Counter Financing of Terrorism (CFT)
• Sanctions
• Anti-Bribery and Corruption (ABC)
• Prevention of Facilitation of Tax Evasion (PFTE)
• Regulatory and Supervisory Requirements
• Business Partnering
• Stakeholder Management
• Team Leadership
• Policy Implementation
• Risk Assessment
• Training and Awareness
• Reporting
• Fraud Detection and Management
• Legal Compliance
• Promote Good Governance, Risk & Control

• First Degree in Risk Management/ Business Commerce / Legal degree / Local country degree in business or Financial Commerce or Legal preferred.
• 3-4 years experience in Group Anti Financial Crime Compliance.
• Experience in Analytics, Fraud, Money Laundering and Combatting Financing of Terrorism Surveillance.
• 5-7 years ML investigations in conjunction with regulatory reporting (operational application of FICA).
• Experience with Banking systems & data and how to utilize in investigations.
• Analysis of AML/CFT indicators/trends.
• Dealing with stakeholders at different levels, internal and external.
• Comprehensive understanding of the regulatory and business environment of the Relevant Business Unit.
• Solid understanding of the Business Unit’s needs and ability to translate them into risk management solutions.