Shoprite Group Vacancies – Financial Services AML & Compliance Specialist

Job Description:

The purpose of the Senior FS Compliance Specialist is to identify and mitigate non compliance risks related to Shoprite Money Transfers and Money Market Account transactional activities. The role performs ongoing risk assessments to develop early non compliance identification, mitigation and remediation mechanisms by classifying risks and establishing relevant resolutions and escalation workflows.

Job Responsibilities:

The role will also entail daily identification of suspicious activities and the mediation and reporting thereof. As the Group Financial Services strategy evolves, Money Transfer and Money Market Account activities are forecast to increase and diversify. Given this anticipated growth and demand, this role is responsible for the alignment and ongoing integration of all regulatory requirements into policies and procedures safeguarding the Group from any risk exposures. Such regulations include but aren’t limited to the SA Reserve Bank rules and regulations, the Financial Intelligence Centre Act and Anti-Money Laundering regulations. The Senior FS Compliance Specialist will be responsible for supporting the Shoprite Group in its regulatory compliance obligations, including the management of regulatory examinations and compliance reviews and audits, preparing and submitting regulatory reporting in support of various licenses, maintaining program documentation and tracking and driving findings, recommendations and mitigations and remediations.

Job Requirements:

Knowledge of and strong practical ability in Anti-Money Laundering and terrorist financing legislation and regulations, Financial Intelligence Centre Act, SA Reserve Bank rules and regulations (including exchange control) Microsoft Office 365 – Outlook, Excel, Word, Powerpoint

Job Details:

Company: Shoprite

Vacancy Type: Full Time

Job Location: Centurion, ZA

Application Deadline: N/A

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