Assistant Compliance Officer

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

This role will provide on-going support to the High-Risk Relationship Team in OMI. The incumbent will Independently review client risk assessments / risk ratings from an AML/CFT perspective, to ensure they are completed in accordance with policies, procedures, and regulatory requirements.

The incumbent will also support in the review and clearing of AML/CFT screening hits as well as providing support in ad hoc projects within the High-Risk Relationship Team.

Key responsibilities will include amongst others the following:

• Independently conduct and review Client Risk Assessments / Risk Rating from an AML/CFT perspective and ensuring the required KYC documents are collected.

• Review adverse media and clearing of AML/CFT sanction hits - knowledge of Dow Jones and/or WorldCheck is advantageous in this regard.

• Identify and conduct client risk assessments on PEP clients

• Understand high risk industries and ensure correct sign-off is obtained

• Often acts as a point of escalation and liaise with internal stakeholders to ensure resolution.

• Contributes to the overall client delivery and experience.

• Advises on system enhancements and testing.

• Ensures first time resolution of all client queries received.

• Supporting on the daily review and approval of Client Risk Assessments on all client instructions pertaining to Individuals and Entities where required.

• Perform Client Due diligence in line with FICA requirements and offshore regulatory requirements.

• Utilise problem solving skills to resolve complex queries.

• Maintain an awareness and ability to identify and avert potential risk issues.

• Apply and adhere to OMI’s policies and procedures, always maintaining a comprehensive understanding to pro-actively identify and propose improvements on an ongoing basis.

• Report findings in a timely manner to relevant client teams.

• Identify areas to improve own knowledge and skills and actively seek assistance.

• Maintain an up to date understanding of the relevant legal and regulatory requirement.

• Identify and do assessments on PEP clients

Qualifications and Experience required:

• Minimum of 5 years working experience in a KYC/ Compliance role.

• Degree in Law/ LLB will be advantageous

• Knowledge of legislation, regulations, and legal principles applicable to the financial services industry.

• AML/CFT and FATCA/CRS compliance experience in offshore markets will be advantageous

• Experience working on the administration of both individuals and Entities

• Excellent written and verbal communications skills.

• Excel skills is advantageous.

• Strong attention to detail.

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Skills

Compliance Software, Computer Literacy, Customs Compliance, Data Compilation, Engineering Standards, Evaluating Information, Learning and Development (L&D), Legal Practices, Management Reporting, Oral Communications, Professional Presentation, Regulatory Compliance Management

Competencies

Action OrientedCommunicates EffectivelyDecision QualityEnsures AccountabilityInstills TrustManages ComplexityOptimizes Work ProcessesOrganizational Savvy

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

09 September 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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