ANTI MONEY LAUNDERING OFFICER
ITHALA SOC LIMITED
DURBAN HEAD OFFICE
REFERENCE NUMBER: SG19061
An exceptional opportunity awaits a dynamic individual with the right qualifications and
experience to effectively manage the anti-money laundering and combating the financing of
terrorism (AML/CFT) portfolio.
Reporting to the Head of Compliance, the successful candidates will be entrusted with the
Take the overall responsibility for the entire AML/CFT program including the design,
development, implementation and management.
Conduct objective, independent risk assessment of compliance with AML/CFT requirements
and ensure that legislative requirements are complied with.
Update AML/CFT Risk Management Compliance Programme and ensure that it is rolled out to
Develop and update AML/CFT policies and standards and other related policies.
Provide AML/CFT guidance and expertise on implementation of related IT systems e.g. a
customer and payment screening process / tool.
Enhance and develop where required processes for reporting to the relevant Regulators,
ensuring that reports are submitted timeously. Resolve any issues that may impact on
Ensure proper investigation of unusual and suspicious transactions.
Update staff and business on relevant changes within the AML/CFT environment.
Monitor and test business processes against regulatory requirements.
Maintain close working relationships with Management, and other assurance providers to
identify and assess areas of potential AML/CFT risks.
Keep abreast of all new legislation and regulatory requirements related to AML/CFT and
incorporate any updates to the policies and procedures.
Participate in projects and ensure that legislative requirements are incorporated
Provide support function to the business
Assist with developing and reviewing training material and conduct necessary training when
Ensure that Audit issues are resolved within agreed timelines.
Produce monthly management reports that will, amongst others, identify non-adherence to
procedures, remedial actions and time frames for implementation thereof.
Ensure that issues raised by the Regulators are attended to by the set timeframes.
With good understanding and proven track record in AML/CFT, the ideal candidate will have:
Bachelor’s degree in Banking, Audit, Accounting, Law, or equivalent.