KYC/AML Manager - Cape Town City Centre
Robert Walters
A prominent wealth management firm in South Africa, renowned for its comprehensive range of services catering to high-net-worth individuals, families and institutional clients, is currently seeking a dynamic KYC/AML Manager to join their growing team based in Cape Town. As a Manager in this esteemed and dynamic organisation, your primary objective is to enhance operational efficiency and maintain adherence to regulatory guidelines. This entails supervising the AML/KYC Operations team responsible for ensuring ongoing compliance with AML/CFT regulations, implementing robust policies, performing risk assessments, conducting thorough investigations, maintaining records, and upholding stringent internal controls. This role necessitates a strong understanding of AML regulations in South Africa and FATF guidelines, familiarity with high-risk customer behaviours and business practices, expertise in AML typologies in wealth and investment management, and proficiency in data analysis. Key qualifications and experience required for the KYC/AML Manager: Bachelor’s degree in relevant subject matter (i.e., law, finance or business) Min. of 5 years’ experience in AML operations Background in Financial Services is essential Proven track record of working in a management position, leading a team Systems knowledge: BPM onboarding systems, screening software, transaction monitoring, SQL Key duties of the KYC/AML Manager: Evaluate, approve, and oversee client due diligence, risk assessment, and scoring Assist with legal entity onboarding, UBO determination, and screenings Review ECDD data for high-risk clients, assess risks, and advise management Continuously screen, clear false positives, and escalate as needed Ensure CDD, risk assessment, and SOF information are in place before transactions Collaborate with internal clients, set SLAs, and address queries and escalations Develop, implement, and update controls to prevent financial crimes Analyse issues, identify root causes, and implement preventive measures Oversee transaction monitoring, identify suspicious patterns, and submit reports Provide updates to compliance and risk management, recommend additional controls Lead system improvements, assess processes, and contribute to the systems roadmap Lead remediation projects to address compliance issues Ensure compliant offshore onboarding of SA individuals/entities Key personal skills: Strong analytical thinking and judgment for complex risk-based decisions Resilient problem-solving skills Ability to simplify and communicate complex information effectively Strong communication and interpersonal abilities Hands-on approach with a commitment to quality If you are a KYC/AML expert, eager to join a thriving business in a leadership role, we encourage you to get in touch for a discussion about this position. A prominent wealth management firm in South Africa, renowned for its comprehensive range of services catering to high-net-worth individuals, families and institutional clients, is currently seeking a dynamic KYC/AML Manager to join their growing team based in Cape Town.
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