A Multinational Corporate Bank is seeking to employ a Manager – Enhanced Due Diligence To ensure the procedures required by the Group Minimum Standards and any other additional procedures for SBG Securities for EDD are implemented and adhered to. The ideal candidate will have A tertiary qualification – legal or Finance along with FICA Knowledge.Position Description  
To manage the Enhanced Due Diligence (EDD) requirements, Anti Money Laundering legislation within SBG Securities (Pty) Ltd
To ensure the procedures required by the Group Minimum Standards and any other additional procedures for SBG Securities for EDD are implemented and adhered to.
To guide and advise business on Enhanced Due Diligence (EDD) requirements, Anti Money Laundering legislation within SBG Securities (Pty) Ltd   

 
Required Skills   Key responsibilities
To ensure Enhance Due Diligence principals per the minimum standards and relevant legislation are applied and rolled out in SBG Securities for all business units.
To manage the relationship between the business and clients classified as high risk clients.
To work within the group structures to enhance KYC and EDD in the broker, as new processes are developed in the group or within the broker.
To ensure all relevant information is obtained to manage high risk clients during the on boarding process or as the risk classification of clients change.
To monitor the public information of PEP's to understand the activities of these individuals.
To liaise with the business in order to obtain approval for the on boarding of high risk individuals.
To monitor the trading activity of clients per EDD requirements.
To manage the down grading of clients as applicable.
Liaison with internal/external auditors and regulators as applicable.
Adhoc KYC/EDD projects as required.
To give input to IT and business on additional requirements that may need to be included into clients on boarding process.

 
Key performance measure
The ability to meet deadlines and work under pressure
Meeting the requirements of EDD for the area.
Differences found to minimum standards – internal/external audits, internal reviews.
Efficiency of on boarding and turnaround times to onboard clients.
Client satisfaction and service.
Compliance with AML rules.
Resolution of conflicts in a professional manner.
The maintenance of relationships between the desks and clients.
Ability to communicate with the various teams and managers.
A tertiary qualification – legal or Finance.
AML regulations
Structure of various entities and related documentation governing structures
FICA knowledge
Other related legislation
Corporate documentation and requirements
The ability to control own development and ensure that knowledge is up to date.
AML experience
On boarding and KYC of clients
Compliance   

 
Required Competencies   Technical competencies
Application of technical KYC and AML legislation

 
Personal competencies
Excellent interpersonal skills.
Dynamic and innovative
Respond to challenges in an enthusiastic and positive manner
Should be able to manage their own time without constant supervision
Thorough attention to detail.
Continue to grow and learn
Professional outlook demeanour
Diplomatic
Must be able to handle pressure/conflict
Results-orientated
client centric
Work well in teams
Self-motivated.