Financial Intelligence Centre

Job Purpose
Apply technical knowledge and expertise to implement, monitor and enhance the level of compliance related to compliance systems, registration and data reporting requirements in accordance with the Financial Intelligence Centre Act, No. 38 of 2001, as amended (FIC Act) in order to support the overall strategic direction and objectives of the Compliance and Prevention division.
KEY PERFORMANCE AREA
Compliance Systems Design
<ul>
<li>Engage with relevant business units to understand, gather, scope and document business requirements to enhance compliance oversight within the FIC.</li>
<li>Implement and maintain an effective systems and reporting framework to provide technological driven solutions for risk assessment and compliance monitoring in collaboration with the Senior Systems Compliance Analyst.</li>
<li>Identify enhancements to improve system and data reporting for compliance oversight of the FIC and other supervisory bodies.</li>
<li>Assist in developing diagnostic tools and applications to facilitate the predictive analysis, monitoring, risk assessment and enforcement of the FIC Act compliance.</li>
<li>Develop and maintain clear Data Systems and Reporting manuals and procedures to enhance traceability of compliance solutions.</li>
<li>Work with ICT teams to design, implement and test system controls such as access controls, data encryption, logging and monitoring that support compliance objectives.</li>
<li>Develop and maintain monitoring mechanisms to track the effectiveness of compliance controls and report on key compliance metrics.</li>
</ul>
Compliance Monitoring
<ul>
<li>Monitor and report on the state of compliance by Accountable Institutions with registration and reporting obligations in terms of FIC Act requirements.</li>
<li>Conduct on-site and desktop system and reporting reviews of supervised institutions in terms of FIC Act requirements.</li>
<li>Perform goAML entity and user registrations and updates.</li>
<li>Verify the quality, integrity and adherence to regulations of information received by Accountable Institutions.</li>
<li>Assist with the provision of reporting information for compliance reviews, inspections and/or enforcement matters at the request of the FIC or Supervisory Bodies in terms of the FIC Act.</li>
<li>Assist with remediation tracking and processes applied to non-compliant reporting and reporting failures of Accountable Institutions, including Directive 3A remediation.</li>
<li>Participate in compliance risk assessments to identify and evaluate compliance risks associated with non-compliance by Accountable Institutions.</li>
</ul>
Compliance Analysis and Reporting
<ul>
<li>Compare internal- and external data, utilising relevant data collection methods, tools and data sources to ensure the integrity of information on the FIC database and to have an up-to-date registration universe.</li>
<li>Identify and investigate discrepancies, patterns and connections between compliance information sources to support compliance monitoring and reporting.</li>
<li>Prepare statistical information on registrations and reporting and prepare dashboards and graphical reports, including trends and typology reports.</li>
<li>Utilise advanced analytical techniques and methodologies to conduct in-depth analyses on compliance information to detect anomalies and trends regarding non-compliance by Accountable Institutions.</li>
<li>Profile cases and compile predictive models from compliance information to understand compliance trends and risk prone entities.</li>
<li>Assess supervised institutions' system capability and compliance reporting requirements within the industry sectors affected by the FIC Act.</li>
<li>Analyse the implications of new or updated regulations on existing compliance systems and processes in collaboration with the Data Systems and Reporting team, and communicate information to relevant stakeholders.</li>
<li>Extract, summarise and present compliance information in a manner that supports compliance monitoring data and systems.</li>
<li>Coordinate reporting on the remediation of reports by external reporters.</li>
</ul>
Compliance and Prevention Advocacy and Awareness
<ul>
<li>Provide technical input, direction and guidance to supervisory bodies and regulated institutions regarding the implementation and compliance obligations of data streams and reporting to the FIC and the need to apply appropriate control measures.</li>
<li>Participate in the transfer of skills to team members to enhance overall effectiveness and capacity.</li>
<li>Advise management of compliance reporting challenges as appropriate.</li>
<li>Assist in compiling reports and case studies for training purposes and benchmarking.</li>
<li>Stay abreast of industry trends, best practices and new technologies in data analytics and intelligence reporting.</li>
</ul>
Stakeholder Management
<ul>
<li>Conduct briefings and presentations with FIC stakeholders and Accountable Institutions to gain insight and determine requirements for compliance monitoring and reporting support.</li>
<li>Collaborate with national and international supervisory bodies to understand emerging trends and technologies in the monitoring and reporting of mandatory compliance aspects.</li>
<li>Collaborate with the various Compliance and Prevention, Forensic and ICT teams to provide compliance support as required.</li>
<li>Ensure continuous stakeholder interface for seeking clarities, closing gaps, and enriching the data integrity of the compliance systems and reports.</li>
<li>Participate in cross-functional projects when required.</li>
<li>Represent the organisation at working groups, meetings, conferences and seminars when required</li>
</ul>
Risk and Compliance Management
<ul>
<li>Assist in the development and enhancement of standards, processes, policies, and roles within the Compliance and Prevention division.</li>
<li>Provide input into tactical plans and targets when required.</li>
<li>Implement fraud controls, risk prevention principles, sound governance and compliance processes, and tools to identify and manage risks with the business unit.</li>
<li>Assist in monitoring changes in the supervisory environment and the implementation of appropriate operational controls to address new requirements.</li>
<li>Support and provide evidence to internal and external audit requirements when required.</li>
<li>Maintain quality risk management standards in line with the organisation's risk management framework.</li>
<li>Maintain and enforce all related Service Level Agreements to minimise business risk and ensure business continuity.</li>
<li>Adhere to all relevant laws, policies and Standard Operating Procedures throughout the organisation. 10%</li>
</ul>
Educational And Experience Requirements
<ul>
<li>Degree in Information Technology, Information Systems or Computer Science 7</li>
<li>Microsoft Data Analyst Certified Certification</li>
<li>Microsoft Certified Solutions Associate Certification</li>
<li>SAS or SQL Certification</li>
<li>3 Years in Information Technology, Information Systems or Computer Science</li>
<li>3 Years in Microsoft SQL Coding</li>
<li>2 Years in Anti-Money Laundering monitoring</li>
<li>2 Years in compliance and prevention</li>
<li>2 Years in Power BI or SSRS Development</li>
<li>Knowledge of Open-Source Intelligence Collection, Scripting Languages</li>
<li>Technical Documentation and Procedure Development</li>
<li>Financial Intelligence Centre Act</li>
<li>Azure Cloud Platform</li>
<li>Data Storage and Processing protocols</li>
<li>AML/CFT/CPF protocols</li>
<li>Data Quality Assurance</li>
</ul>

Systems Compliance Analyst at Financial Intelligence Centre

Systems Compliance Analyst at Financial Intelligence Centre

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