Job Specifics: 

• Location: Johannesburg or Cape Town, South Africa
  
• Employment Type: Permanent
  
• Preference: Employment Equity candidates preferred
  
• Eligibility: South African citizens only
  
• Reporting Line: Chief Compliance Officer
  

Job Summary

Key Responsibilities

• Develop and maintain the AML/CFT strategy and financial crime compliance framework.
  
• Establish and oversee a risk-based AML/CFT programme.
  
• Monitor emerging financial crime risks and regulatory developments.
  
• Drive a culture of compliance and ethical conduct across the organisation.
  
• Support the strategic direction of the Financial Crime Compliance function.
  

• Provide specialist advice on financial crime legislation and regulatory requirements.
  
• Develop and maintain:
  

• Risk Management and Compliance Programme (RMCP)
  
• Business Risk Assessments (BRA)
  
• Financial Crime Policies and Standards
  

• Identify, assess and mitigate financial crime compliance risks.
  
• Maintain the Financial Crime Regulatory Universe.
  

• Establish independent AML monitoring capabilities.
  
• Oversee transaction monitoring, sanctions screening and customer due diligence oversight.
  
• Develop key risk indicators (KRIs) and management reporting.
  
• Support investigations involving suspicious transactions and high-risk customers.
  
• Provide specialist AML advisory support to business units.
  

• Ensure compliance with:
  

• FICA
  
• FATCA
  
• FATF Recommendations
  
• Exchange Control Regulations
  
• Other applicable financial crime legislation
  

• Ensure accurate and timely regulatory submissions.
  
• Manage regulatory reporting obligations.
  
• Escalate and report material compliance breaches.
  

• Act as key liaison with regulatory authorities.
  
• Build and maintain relationships with regulators and industry bodies.
  
• Represent the organisation at industry forums and regulatory engagements.
  
• Present financial crime reports to Executive Committees and Board Committees.
  

• Build and lead a high-performing Financial Crime Compliance team.
  
• Drive capability development and succession planning.
  
• Manage team performance and development.
  
• Foster a culture of accountability and continuous improvement.
  

Requirements

Minimum Requirements

• Bachelor's Degree in:
  

• Commerce
  
• Law
  
• Compliance
  
• Governance
  
• Related field
  

• 10–15 years' experience within Financial Services.
  
• Minimum 7–10 years' experience in AML/CFT or Financial Crime Compliance.
  
• Extensive Banking sector experience is essential.
  
• Proven experience designing and implementing AML/CFT frameworks.
  
• Experience developing RMCPs and Business Risk Assessments.
  
• Experience engaging with regulators, executive leadership and governance committees.
  

• Strong knowledge of:
  

• FICA
  
• FATCA
  
• FATF Recommendations
  
• Exchange Control Regulations
  
• AML/CFT Frameworks
  
• Financial Crime Risk Management
  
• Transaction Monitoring
  
• Sanctions Screening
  
• Regulatory Reporting
  
• Compliance Monitoring
  

• CAMS (Certified Anti-Money Laundering Specialist)
  
• ICA Diploma or Advanced Certificate in AML/Financial Crime
  
• Certified Fraud Examiner (CFE)
  
• Financial Crime or Sanctions-related Certifications
  
• Membership of ACAMS, ICA or Compliance Institute South Africa
  

Essential Criteria

• South African Citizen.
  
• Banking industry experience is non-negotiable.
  
• Minimum 7 years' AML/CFT or Financial Crime Compliance experience.
  
• Proven experience interacting with regulators and governance committees.
  
• Experience leading a Financial Crime Compliance team.
  

Preferred Industry Background

• Candidates currently or previously employed within:
  

• Retail Banking
  
• Digital Banking
  
• Commercial Banking
  
• Corporate Banking
  
• Financial Services Institutions
  
• Regulatory Compliance Functions within Banking