About Group Compliance

Group Compliance is looking for a dynamic individual to join the Group Financial Crime Compliance team. The core purpose of the Group Compliance department is to ensure that Discovery Group’s core purpose and reputation is protected.  The immediate 3-year ambition of the Group Compliance department is to be the most respected and trusted compliance practice in the financial services sector.  The department must be visible, trusted and respected.

Key Purpose

The Financial Crime Compliance Officer primary purpose is to assist with safeguarding Discovery by implementing and maintaining robust anti-money laundering, and anti-terrorist financing measures. This role ensures Discovery’s adherence to regulatory requirements, monitoring and assurance, assist in prevents financial crimes, and upholds the integrity of its financial operations.

Areas of responsibility may include but not limited to

• Provide guidance and advise to business on new and ongoing Financial Crime compliance obligations as it relates to Acts, directives or other binding orders from Regulators.
• Ongoing monitoring and assurance on regulatory matters as it relates to the FIC Act and other regulatory requirements.
• Accountable Institution registration and maintenance of the Discovery delegation structure with Financial Intelligence Centre on the GoAML platform.
• Reporting on non-compliance incidents and breaches.
• Support management in the maintenance of the Risk Management and Compliance programme, Policies and Risk Assessment.
• Assist with training and awareness. Provide reports to management.

Role Specific Competencies

• AML and CTF Regulations: Understanding of Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations and the ability to apply them effectively.
• Monitoring and assurance: Participating in compliance monitoring and testing activities to assess the effectiveness of AML policies, procedures, and controls, and to identify areas for improvement.
• Risk Assessment: Assist with risk assessments of customers, products, and Legal Entities to determine the level of financial crime risk.
• Regulatory Reporting: Ability to prepare regulatory reports with management.
• Legal and Ethical Knowledge: Understanding of legal and ethical standards relevant to financial crime compliance, including data privacy laws and ethical conduct.
• Documentation and Record Keeping: Maintaining accurate and organised records of compliance activities, investigations, and reports.
• Incident Response: Identify incidents and breached through monitoring and engagement with stakeholders.
• Cross-Functional Collaboration: Ability to collaborate with other departments, such as legal, risk and audit to ensure a comprehensive compliance framework.
• Training and Awareness: ability to assist with designing training programs to educate employees about financial crime prevention and compliance procedures.
• Industry Knowledge: Staying informed about industry-specific risks and trends in financial crime to adapt compliance strategies accordingly.

These role-specific competencies, when combined with the personal attributes and general compliance knowledge, make a Financial Crime Compliance Specialist highly effective in their role of safeguarding Discovery from financial crimes and regulatory breaches. The ability to think in an Analytical and Conceptual manner.

Personal Attributes and Skills

• Attention to detail
• Ethical Integrity
• Time Management
• Communication skills
• Critical Thinking
• Adaptability

Education and Experience

• ACAMS (Certified Anti-Money Laundering Specialist) International 
• Knowledge of Financial Crime Law such as FICA, POCA and PROCDATARA
• 2 years financial crime Compliance and 2 years Compliance experience
• Understanding of the financial services and insurance industry essential.
• Understanding of the Regulatory complexity
• Stakeholder management
• ML/TF/PF Risk Assessment