(1880) Analyst- AML

In brief

**Overview** This role is for an Analyst- AML at the South African Reserve Bank. The position is responsible for contributing to the development, maintenance, and implementation of the Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) supervisory framework, improving supervisory processes, conducting inspections, and engaging with key stakeholders. **What you will do** * Contribute to the development, maintenance and implementation of the AML/CFT supervisory framework, encompassing Directive 1 of 2022, the Financial Intelligence Centre Act 38 of 2001 (FIC Act) and other relevant AML/CFT legislation and regulations. * Contribute to the continuous improvement of AML/CFT supervisory processes, methods and procedures. * Identify areas for improvement and contribute to the development or amendment of relevant legislation, regulations and best-practice standards. * Contribute to the development and maintenance of risk-based methodologies to prioritise inspections and assess AML/CFT risks. * Contribute to the development and execution of an AML/CFT supervisory inspection programme. * Plan, lead and conduct thematic and full-scope AML/CFT inspections of entities within the scope of the FIC Act, the Authorisation Framework and relevant directives. * Engage and collaborate with key stakeholders, including the Financial Intelligence Centre, Prudential Authority, Financial Surveillance Department and Financial Sector Conduct Authority, on AML/CFT supervisory matters. * Draft AML/CFT inspection reports that summarise findings and recommend corrective action. * Assess the inspection reports and identify entities that should be referred to the enforcement section for further action. * Contribute to drafting AML/CFT reports for senior management, regulatory bodies and other relevant stakeholders for information, statistical and decision-making purposes. * Draft reports and other documents, such as letters, briefing notes and memorandums, for relevant stakeholders as required. * Analyse Financial Action Task Force (FATF) developments and provide input into supervisory approaches, risk assessments and inspection methodologies. * Act as a point of contact for supervised entities for matters relating to AML/CFT supervision. * Represent the South African Reserve Bank at industry meetings, forums, working groups and committees, among other platforms. **Requirements (from the original advert)** * An honours degree in commerce, economics, finance, risk management, accounting or law, or an equivalent qualification in a related field. * An Association of Certified Anti-Money Laundering Specialists (ACAMS) credential or similar AML/CFT qualification. * A minimum of five to eight years’ experience in AML/CFT, including evidence of managing deliverables and leading projects, with at least one to two years’ experience in the banking or financial sector. * Experience in the payment system environment will be an advantage. * Willingness to travel for AML supervisory visits. * Knowledge and skill in: * Industry, business and organisational awareness * Quality assurance * Continuous improvement * Continued learning/professional development * Regulatory oversight and supervision * Knowledge of: * The National Payment System (NPS) and AML * Financial markets, bank supervision and interpretation of financial statements * NPS regulation and legal framework * The Principles for Financial Market Infrastructures (PFMI) * Risk management, including risk frameworks * Central banking * Applying relevant legislation, such as the National Payment System Act 78 of 1998 and the FIC Act * Digital literacy * Problem-solving and analysis * Managing complexity and ambiguity * Planning and organising * Judgement and decision-making * Resilience * Impact and influence * Building and maintaining relationships **Who should apply** Candidates should possess an honours degree in commerce, economics, finance, risk management, accounting, law, or a related field, along with an ACAMS credential or similar AML/CFT qualification. Applicants must have 5-8 years of experience in AML/CFT, including project management, with at least 1-2 years in the banking or financial sector. Experience in the payment system environment is an advantage. The ideal candidate will be willing to travel for supervisory visits and demonstrate strong knowledge and skills in regulatory oversight, AML/CFT legislation, risk management, and various professional competencies such as problem-solving, planning, and building relationships. **Deadline** Not specified **Reference** Original posting: https://www.myjobmag.co.za/job/1880-analyst-aml-south-african-reserve-bank Source: myjobmag

Summary drafted with AI assistance from the original advert. The advert itself is the authority — how we use AI.

Job description

Before you apply

• Confirm the requirements and closing date on the original listing (myjobmag). SPANi lists vacancies from other sites and may not reflect last-minute changes.
• Legitimate employers do not charge application, registration or training fees.
• Don't send your ID or bank details before you have confirmed the employer is real.

How to spot a job scam

Before you apply

• Read the full advert and confirm you meet the minimum requirements before applying.
• Tailor your CV headline and most recent experience to the job title and key skills.
• Note the closing date and reference number, and keep a copy of what you submit.
• Apply only through the employer or job board link — never pay to apply.