Anti-Money Laundering Compliance Officer (AMLCO)

About the role

Mukuru Africa is looking for an Anti-Money Laundering Compliance Officer (AMLCO) to ensure the company complies with AML, CFT and CPF policies and regulatory requirements, including those of the South African Reserve Bank and the Financial Intelligence Centre under Section 42A(b) of the FIC Act. The AMLCO reports directly to the Head of Financial Crime and has direct, independent access to the Board.

Key responsibilities

• Develop and maintain the Risk Management Compliance Programme (RMCP), review it annually or when legislation, products, channels or corridors change, and ensure all staff have access to it.
• Develop AML/CFT/CPF controls, policies and procedures, oversee their implementation and effectiveness testing, and implement internal KYC procedures.
• Develop and update financial crime risk assessments, report outcomes and remedial actions, and advise senior management on policy implications.
• Provide AML/CFT/CPF guidance, act as a subject matter expert, escalate high-risk concerns and keep up to date with compliance trends.
• Ensure customer risk ratings, CDD and enhanced due diligence are applied, and assess high-risk customers including Politically Exposed Persons.
• Monitor suspicious activity: complete Section 29, 28 and 28A reporting to the FIC, handle Section 27 and 32 requests, use the BI dashboard and STR tracker, investigate suspicious transactions and keep sanctions and PEP lists up to date.
• Act as regulatory point of contact: stay informed of regulatory changes, facilitate audits and inspections, attend regulator meetings, and prepare breach notifications with the Heads of Financial Crime and Compliance.
• Support training: provide AML/CFT/CPF materials to L&D, promote staff participation, establish a question channel and assist with Financial Crime Month.
• Conduct risk monitoring, random sample testing and assurance testing of adherence to policies and of new AML products and channels.

Required profile

• 5 years' experience in an FSB-regulated business and 5 years in financial crime or compliance.
• Post-matric degree in Compliance, Risk Management, Legal or a similar field.
• CAMS certification and prior approval from the FIC and the Reserve Bank as an AMLCO.

Required skills

• Knowledge of AML/CFT/CPF policies, national and international AML/CFT legislation, FATF 40 recommendations, sanctions and PEP screening, and data protection.
• Microsoft Outlook, Excel, Word, PowerPoint and Power BI.
• Excellent communication, leadership, attention to detail, multitasking and report-writing skills.