Head Compliance & AML

Job Description

Role Title: Head of Compliance and AML

Client Summary:

Our client is a prominent and respected banking and financial institution deeply committed to upholding the highest standards of integrity and regulatory adherence. They play a vital role in the financial ecosystem providing essential banking services and driving economic growth. With a strategic focus on robust risk management and a proactive approach to compliance they are dedicated to safeguarding their operations and clients from financial crime.

Job Description:

Are you a seasoned leader passionate about shaping the integrity and security of a leading financial institution We are seeking a strategic and visionary Head of Compliance and AML to lead and integrate critical compliance and Anti-Money Laundering (AML) functions. This is a pivotal role where you will be instrumental in ensuring adherence to all applicable legislation internal policies and procedures thereby minimizing compliance risk and protecting the organization from potential losses.

This position offers a unique opportunity to implement and refine a comprehensive compliance framework develop innovative strategies to combat financial crime and foster a culture of ethical conduct throughout the organization. You will have the chance to work at a senior management level influencing strategic direction and driving impactful change within a dynamic and forward-thinking environment. If you are driven by results possess exceptional strategic thinking abilities and thrive in complex problem-solving scenarios this role offers a platform for significant professional growth and the opportunity to make a lasting impact.

Responsibilities:

* Strategic Oversight: Drive the integration and control of the Compliance and AML functions ensuring alignment with strategic objectives and regulatory requirements.

* Regulatory Framework Development: Design implement and maintain a robust compliance and AML framework including policies procedures and guidelines to mitigate risk and ensure adherence to laws and industry standards.

* Financial Crime Prevention: Develop and maintain a comprehensive AML program that effectively detects prevents and reports money laundering and terrorist financing activities. Conduct thorough risk assessments to identify vulnerabilities.

* Policy and Procedure Management: Develop update and communicate compliance and AML policies and procedures providing guidance on interpretation and implementation. Regularly review and update policies to reflect evolving regulatory landscapes.

* Regulatory Engagement: Serve as the primary point of contact for regulatory bodies on compliance and AML matters. Prepare and submit regulatory reports and filings.

* Risk Management Integration: Collaborate with risk management functions to identify assess and mitigate compliance and AML-related risks. Monitor and report on key risk indicators to senior management and the board.

* Team Leadership & Development: Lead mentor and develop a high-performing team fostering a culture of excellence teamwork and continuous improvement. Recruit and retain talented professionals.

* Training and Awareness: Design and conduct compliance training programs to educate employees on their obligations and responsibilities. Establish and enforce a strong compliance culture across the organization.

* Operational Management: Monitor the continuous assessment and actioning of strategic plans to uphold a strong Compliance and AML function. Ensure all statutory and business reporting is completed within predetermined deadlines.

Requirements:

Must-Haves:

* Bachelors Degree / NQF Level 7.

* Compliance Professional qualification from a recognized body (e.g. CISA - Compliance Institute Southern Africa).

* Up to 12 years of progressive experience in senior management roles.

* Proven leadership experience in Corporate Banking/Coverage.

* Extensive experience in Risk and Compliance specifically in Anti-Money Laundering & Fraud and general Compliance leadership.

* Demonstrated ability to analyze information systematically and make data-led decisions.

* Strong strategic thinking and problem-solving skills capable of addressing complex and broad issues.

* Excellent communication skills including the ability to present complex proposals and strategies to senior management and external stakeholders.

* Experience in negotiating with senior management of large external organizations or government bodies.

Nice-to-Haves:

* Experience in Management Sciences with a focus on Finance and Accounting or Generic Management.

* Familiarity with financial analysis and evaluating finance-related areas of the business.

* Proven ability to provide expert advice on technical systems or process-related topics.