Financial Crime Compliance OfficerBusiness Unit: Discovery BankFunction: BankingDate: 27 Jan 2025About DiscoveryDiscovery's core purpose is to make people healthier and to enhance and protect their lives.
We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery.
Our fast-paced and dynamic environment enables smart, self-driven people to be their best.About Discovery BankDiscovery Bank is a bank designed with our clients in mind.
We are all about sharing the value that clients create when they manage their money well, back with them through exceptional interest rates and rewards.
Our Vitality Money programme measures how well clients manage their finances and empowers them with the knowledge to get enhanced rewards for managing their money well.Job PurposeThe Bank has a responsibility to comply with all Financial Crime legislation set out by regulatory bodies.
The Financial Crime Compliance Officer will conduct Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) activities on behalf of Discovery Bank, providing assurance to senior management that regulatory requirements are being met.Areas of responsibility may include but are not limited to:Basic knowledge and experience with Refinitiv World Check for investigations.Experience with NICE Actimize modules: RCM, WLF, CDD, and SAM.Conduct sanctions, PEP, financial crime reviews, and investigations of potential new and existing bank clients.Assist with ongoing monitoring of clients, investigating transactional behaviour from screening tools.Technical proficiency and ability to learn the Bank's core banking system.Ensure timely and accurate completion of allocated tasks.Respond promptly to requests from external parties (regulators, auditors, etc.
).Conduct in-depth reviews and investigations on suspicious transaction activity.Work collaboratively across different functional teams.Learn and apply Financial Crime Compliance processes.Contribute as a team player in a fast-paced environment.SkillsAbility to take responsibility for investigations with SLAs.Take initiative and act with confidence and efficiency.Understanding of core principles of an effective Compliance function.Ability to analyze and interpret client transactional behaviour.Proficiency in MS Excel, Word, and case management tools.QualificationsUniversity Degree (Legal or Commerce preferred).Work Experience1 to 3 years' experience in Customer Due Diligence, Sanctions, AML/CFT, and Suspicious Activity Monitoring.Experience with NICE Actimize modules: RCM, WLF, CDD, and SAM.Experience performing alert investigations and case management.Knowledge of South African regulatory requirements (SARB and FIC) related to FICA.EMPLOYMENT EQUITYThe Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process.
As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
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