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Banking Attorney / Criminal Attorney / Litigation Attorney in Daveyton, Gauteng

Absa Bank Limited Nov 27,2014 Location Daveyton Gauteng
This job is expired...

In-House

Attorney

Criminal Law - Prosecution

Finance - Banking

Litigation

Litigation - Whistleblower - CFTC

Min 5 yrs required

Profile

Specialist Financial Crime Regulatory Africa Region Duties: To ensure compliance by firm’s Africa Group (12 countries) with its obligations in terms of the Anti Money Laundering (AML) and terrorist financing legislation/regulation and its employees with the provisions of the applicable laws and internal policies and rules. This will include staying abreast with the Financial Crime policies in each of the African jurisdictions, compiling the relevant Barclays Africa Group Know Your Customer standards, reviewing the localisation of these standards, and providing technical advice on the implementation of these. Assist in compiling the annual High Risk and PEP Review standard to be used throughout the Africa Region, as well as providing assistance to business in this regard, and tracking completion of the annual reviews. Provide AML related training to the various BU MLRO’s as well as to business. Assist the AML functions within the Barclays Africa Group to ensure that the various business units, Joint Ventures (JV's) and subsidiaries remains in full regulatory compliance by liaising with relevant Stakeholders deployed in business, i.e. Compliance / Risk resources. Stay abreast of the Financial Crime legislative landscape in the Africa jurisdictions. Compile/draft the required Know Your Customer Group Standards (on-boarding and remediation) to be used by the various Business Units/Jurisdictions to compile their own Internal Rules/Minimum Operating Standards. Review and challenge localisation of Know Your Customer Standards with the view to ensuring that they are in compliance with legislative and policy requirements, as well as an enabler for business. Act as the custodian for all AML policies and procedures and ensure that business is forewarned of any changes to these policies. Serve and represent the Africa Region on the various AML projects and committees responsible for driving the standard and risk appetite throughout the Group. Assist the Heads of Financial Crime Compliance in RBB; CIB and WIMI in developing specific AML related standards. Provide advice to the various BU MLRO’s, AML managers and business as and when required regarding the interpretation of AML requirements. Involvement in the upgrading of bank systems to ensure compliance with regulatory requirements. Establish and maintain close working relationships with the business unit MLRO’s to ensure support for Anti Money Laundering and Terrorism risk frameworks. Represent Financial Crime Compliance and review all new product approvals where required and participate with business when new products are being developed to ensure financial crime compliance. Provide training to the various BU MLRO’s on new developments in the AML space, as well as where AML policy and procedures have been changed. Provide training to business in respect of AML related matters. Maintain the intranet in terms of the various AML-related policies and procedures. Compile the Financial Crime Compliance Framework and Risk Based Approach document. Maintain this document on an annual basis. Take responsibility for maintaining the bank's AML Manual and ensuring annual review thereof. Interact with both the SARB and the FIC, as well as country regulators on an as and when required basis, specifically around matters of interpretation. Provide input into the Annual High Risk Review and Annual PEP Review standard to be used throughout the Region. Provide training to users on the standard compiled. Liaise with the AML Managers around the completion of Annual High Risk Reviews and Annual PEP Reviews. Conduct reviews on the High Risk Reviews and PEP Reviews hat have been performed. Ensure the maintenance of the High Risk database and provide reports. Support the Head of Financial Crime Regulatory Africa in awareness and training initiatives. Build and maintain meaningful relationships with Financial Crime teams. Act as point of reference for regulatory queries and breach, dispensation and waiver requests. Engage with Regulatory and Supervisory bodies during any inspections performed and presentations requested.

Qualification and Experience

Qualifications: LL.B. degree. ACAMS Certificate; or Certificate in Money Laundering Control. 5+ years’ experience in the field of Anti-Money Laundering/Financial Crime. Specialist knowledge of the Financial Intelligence Centre Act, its Regulations, Guidance Notes and Public Compliance Communications. Good understanding of Know Your Customer legislative requirements for various Africa jurisdictions. Drafting skills. Microsoft Office, specifically Excel, Word, Visio, MS Project, Outlook email, Internet. Previously work with and in African jurisdictions will be an added advantage. Communication skills Relationship building.

Deadline: November 29, 2014.

Additional info

Ref. 90014694

Company info