PRINCIPAL LEGAL AND COMPLIANCE OFFICER I – Ministry of Finance at the Financial Intelligence Agency

VACANCY CIRCULAR NO. 27 OF 2022

VACANCY:           PRINCIPAL LEGAL AND COMPLIANCE OFFICER I-D2

Applications are invited from suitably qualified citizens for the position of Principal Legal and Compliance Officer I tenable within the Ministry of Finance at the Financial Intelligence Agency.

SALARY:D2 (P305 664 – P337 068) per annum

LEAVE: 30 working days per annum

BENEFITS:  (a)           Optional contributory Medical Aid Scheme (Government contributes 50% and employee contributes 50%) (b) Contributory Pension (Government contributes 15% and employee contributes 5% of salary)(c) Scarce Skills Allowance (30 to 40% of Basic Salary)(d) Housing Allowance (15% of Basic Salary)

QUALIFICATIONS

Candidates should have at least a Bachelor’s Degree in Economics/Finance/Law or any other related field; a Master’s Degree in the stated fields will be an added advantage.

EXPERIENCE

Minimum of ten (10) years’ post qualification experience in a regulatory environment, two (2) of which must have been served at D3 level or equivalent in the Private Sector. Experience in the following is also essential;

• Banking,
• Intelligence,
• Administration and Management trends,
• Strategic and tactical analysis.

PRIMARY PURPOSE OFTHE JOB

To provide the expertise, direction and advice towards Anti-Money Laundering/Counter- Financing of Terrorism/Counter-Proliferation Financing (AML/CFT/CFP) compliance to specified parties and accountable institutions, persons and sectors under the Financial Intelligence Act (FI Act) of 2019, the Financial

 

Intelligence Regulations (FI Regulations) of

2019, any applicable domestic legislation

and the Financial Action Task Force (FATF)

Recommendations.

DUTIES

• Creates stakeholder awareness though outreach activities to promote implementation and subsequent compliance with the Financial Intelligence Act & Regulations.
• Advices and attends to queries from the AML/CFT stakeholders, including the public, on the implementation of the Financial Intelligence Act & Regulations to promote compliance.
• Monitors reporting of suspicious/unusual transactions to the Agency (applicable for an Officer responsible for goAML system registration and reporting).
• Monitors and supervises specified parties and accountable institutions through, amongst other things on-site and off-site examinations to establish compliance with the FI Act & Regulations.
• Interprets domestic, regional

and international AML/CFT/ CFP requirements/standards/

recommendations and develops strategies for monitoring compliance, including sector/business specific AML/CFT/CFP compliance programme.

• Assesses money-laundering/terrorism- financing/proliferation-financing risks of the institutions under supervision to inform risk-based supervision.

KEY COMPETENCIES

• Interpersonal and Communication Skills
• Proactiveness and Innovation
• Analytical Skills
• Teamwork and Partnering
• Problem Solving and Analysis
• Presentation Skills
• Assertiveness
• Client Orientation
• Ability to work with limited guidance