Rand Mutual – RMA
THE JOB AT A GLANCE
To lead the group’s investment and financial risk management function, developing and implementing robust frameworks to identify, measure, monitor, and manage market, credit, liquidity, and asset-liability risks while ensuring alignment with the group’s risk appetite and regulatory requirements.
WHAT WILL YOU DO?
Financial Crime Framework Development
Design and implement a comprehensive financial crime risk management framework aligned with FIC Act requirements and international standards
Develop detailed policies and procedures covering AML, CTF, fraud, anti-bribery and corruption, and sanctions compliance
Create a financial crime governance structure with clear roles, responsibilities, and reporting lines
Establish risk-based approaches for financial crime prevention tailored to different business units
Implement financial crime risk assessment methodologies covering inherent risk, control effectiveness, and residual risk
Design financial crime risk appetite statements with appropriate metrics and thresholds
Develop customer and transaction risk rating methodologies
Create procedures for politically exposed person (PEP) identification and enhanced due diligence
Implement frameworks for assessing financial crime risks in new products and services
Design methodologies for financial crime risk monitoring at portfolio and transaction levels
Develop protocols for independent testing of financial crime controls
Create frameworks for integration of financial crime risk into enterprise risk management
Implement methodologies for emerging financial crime risk identification
Design approaches for financial crime data governance and quality management
Develop frameworks for financial crime management information and reporting
Establish protocols for regulatory engagement on financial crime matters
Risk Assessment and Monitoring
Design and implement comprehensive methodologies for financial crime risk assessment
Develop detailed approaches for inherent risk identification across various financial crime typologies
Create risk scoring models for customer risk classification with dynamic adjustment capabilities
Implement transaction monitoring scenarios and thresholds based on customer risk profiles
Establish procedures for regular recalibration of monitoring scenarios and thresholds
Design rule-based and artificial intelligence approaches for anomaly detection
Develop methodologies for identifying complex financial crime patterns across multiple systems
Create frameworks for real-time and post-transaction monitoring
Implement approaches for monitoring high-risk customers, products, and channels
Design methodologies for sanctions screening including list management and screening algorithms
Develop procedures for assessing effectiveness of monitoring systems
Create frameworks for quality assurance of alert investigation processes
Implement methodologies for trend analysis of financial crime patterns
Design approaches for integrating external intelligence into monitoring systems
Develop frameworks for periodic review of high-risk relationships
Establish protocols for technology evaluation and selection for monitoring solutions
Regulatory Compliance and Reporting
Design comprehensive frameworks for financial crime regulatory compliance
Develop detailed methodologies for regulatory requirement interpretation and implementation
Create compliance monitoring programs specific to financial crime regulations
Implement procedures for regulatory report preparation (STRs, TPRs, etc.) with quality control measures
Establish protocols for timely submission of regulatory reports
Design approaches for managing regulatory examinations and inspections
Develop methodologies for addressing regulatory findings and recommendations
Create frameworks for tracking regulatory changes affecting financial crime compliance
Implement approaches for conducting impact assessments of regulatory changes
Design methodologies for demonstrating effectiveness of financial crime programs to regulators
Develop procedures for managing information requests from regulators and law enforcement
Create frameworks for regulatory relationship management with financial crime authorities
Implement approaches for industry benchmarking on regulatory compliance
Design methodologies for preparing board and committee reports on regulatory matters
Develop frameworks for attestation on regulatory compliance
Establish protocols for crisis management during regulatory interventions
Investigation and Remediation
Design comprehensive frameworks for financial crime investigations
Develop detailed investigation procedures for different financial crime typologies
Create case management systems with appropriate workflow and documentation
Implement standardized methodologies for alert triage and prioritization
Establish protocols for escalation of significant cases
Design approaches for evidence gathering and preservation
Develop procedures for conducting complex financial investigations
Create frameworks for coordination with law enforcement and regulators
Implement methodologies for quantifying financial and reputational impacts
Design root cause analysis approaches for identified financial crime issues
Develop procedures for remediation planning and tracking
Create frameworks for applying lessons learned to control enhancements
Implement methodologies for trend analysis of investigation outcomes
Design approaches for managing confidentiality in investigations
Develop frameworks for managing external investigation resources
Establish protocols for investigation quality assurance and review
Awareness and Training
Design comprehensive financial crime awareness and training programs
Develop role-based training curricula for different organizational levels
Create methodologies for assessing training needs and effectiveness
Implement mechanisms for tracking training completion and comprehension
Establish procedures for board and senior management education
Design approaches for integrating financial crime awareness into organizational culture
Develop frameworks for communicating emerging financial crime trends
Create methodologies for measuring financial crime risk culture
Implement strategies for promoting reporting of suspicious activities
Design approaches for knowledge sharing across the organization
Develop procedures for creating targeted awareness campaigns
Create frameworks for leveraging technology in training delivery
Implement methodologies for competency assessment and certification
Design approaches for continuous reinforcement of key messages
Develop strategies for recognizing exemplary financial crime risk management
Establish protocols for measuring awareness program effectiveness
WHAT YOU’LL BRING TO THE TABLE?
Degree in Law, Criminology, Finance or related field
Postgraduate qualification
Certified Anti-Money Laundering Specialist (CAMS) or Certified Fraud Examiner (CFE)
Compliance Institute of Southern Africa membership
8-10 years’ experience in financial crime, fraud, or related functions
5 years’ management experience in financial services
Experience with South African financial crime regulatory framework
Experience with financial crime investigation or enforcement
In-depth knowledge of FIC Act and related regulations
Comprehensive understanding of financial crime typologies
Knowledge of South African legal and regulatory environment
Understanding of financial services products and processes
Advanced analytical and investigation skills
Strong project management capabilities
Excellent stakeholder management abilities
Superior written and verbal communication skills
Strong influencing and negotiation skills
go to method of application »
Apply via company website ( ) or