Expert Money Laundering Compliance Officer - Johannesburg

In brief

**Overview** The role is for an Expert Money Laundering Compliance Officer at Old Mutual in Johannesburg. This position is responsible for ensuring regulatory compliance with applicable Anti Money Laundering (AML), Counter Terrorist Financing (CTF), and Counter Proliferation Financing (CPF) obligations, with a primary focus on South Africa, while also supporting broader Group Accountable Institutions where required. Anchored in the requirements of section 42 of the Financial Intelligence Centre Act, the role involves accountability for overseeing the implementation and ongoing effectiveness of the Group Risk Management and Compliance Programme (RMCP), which is tailored and applied across relevant Group entities. The role sits within Group Compliance and provides independent second line oversight, regulatory guidance, and assurance, ensuring alignment to Group standards while taking into account in-country legislative requirements and regulatory expectations across multiple jurisdictions. **What you will do** * Oversee the implementation and effectiveness of the Group RMCP, ensuring appropriate customisation for Accountable Institutions and alignment to section 42 of the Financial Intelligence Centre Act across applicable entities. * Develop, maintain, and oversee AML, CTF, CPF, and sanctions-related policies, standards, Risk Assessments, and guidance documents, ensuring alignment with the FIC Act, Guidance Notes, PCCs, Directives, Joint Standards, and FATF requirements, while ensuring practical implementation across business operations. * Provide compliance advice on the interpretation and application of AML, CTF, CPF, and sanctions requirements, ensuring translation into practical controls and procedures. * Provide second line oversight of transaction monitoring, screening, investigations, and regulatory reporting, ensuring compliance with applicable legislative requirements and timelines. * Oversee adherence to targeted financial sanctions requirements across jurisdictions, including screening, escalation, and decision making. * Ensure AML, CTF, and CPF training is risk-based, role-appropriate, and compliant with section 43 requirements and equivalent in-country obligations. * Oversee the provision of accurate and meaningful AML related management information to support oversight and regulatory engagement. * Drive the consistent application of a risk-based approach across customer due diligence, ongoing monitoring, sanctions screening, transaction monitoring, and regulatory compliance activities, providing oversight of risk assessment methodologies and risk appetite alignment. **Requirements (from the original advert)** * Tertiary Legal or Commercial qualifications. * Post graduate qualification. * Demonstrated experience with senior stakeholders (e.g., heads of business and executive management). * Advanced and demonstrable knowledge of AML, CTF, and CPF. * Certificate in AML or ACAMS certification (would be advantageous). * An excellent communicator who can adapt to different levels of audience expertise and different sizes of audiences in both their written and verbal communication. * Good business acumen. * Good inter-personal skills, including influencing skills. * Self-starter, able to show initiative and work with minimal guidance. * Capacity to work under pressure and meet tight deadlines. * Solution-driven, passionate and energetic. * Possess a strong sense of ownership and initiative. * Skills: Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Legal Practices, Performance Management Design, Policies & Procedures, Procurement Performance, Project Quality Management, QA Methodologies, Regulatory Compliance Management, Requirements Development. * Competencies: Balances Stakeholders, Communicates Effectively, Financial Acumen, Instills Trust, Interpersonal Savvy, Manages Ambiguity, Manages Complexity, Optimizes Work Processes. * Education: NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent. **Who should apply** The ideal candidate is an expert in Anti Money Laundering, Counter Terrorist Financing, and Counter Proliferation Financing, with a strong focus on ensuring regulatory compliance, particularly within the South African context. They should possess tertiary legal or commercial qualifications, ideally a post-graduate qualification, and demonstrated experience engaging with senior stakeholders. The candidate must be an excellent communicator, a self-starter who can work with minimal guidance and under pressure, and possess strong business acumen, interpersonal skills, and a solution-driven, energetic approach with a strong sense of ownership. They should be capable of providing independent second-line oversight, regulatory guidance, and assurance within a complex compliance framework across multiple jurisdictions. **Deadline** 14 October 2026, 23:59 **Reference** Original posting: https://www.myjobmag.co.za/job/expert-money-laundering-compliance-officer-johannesburg-old-mutual Source: myjobmag

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