Johannesburg, South Africa, Cape Town, South Africa
This job is not available in your location
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
At OM Bank, we strive to attract great people who are passionate about coming together for a higher purpose- building something unique and aspirational, always aiming to be the best they can be. We are rooted in our purpose of inspiring and enabling our customers to grow and sustain their prosperity.
The Head: Financial Crime is responsible for the design, establishment, and ongoing effectiveness of OM Bank’s Anti‑Money Laundering and Counter‑Terrorist Financing (AML/CFT) programme, including broader financial crime risk management related to money laundering and associated predicate offences.
The role supports the Chief Compliance Officer (CCO) in determining the Bank’s strategic direction for AML/CFT and ensures the implementation of a robust, risk‑based programme aligned to applicable regulatory requirements, supervisory expectations, and industry best practice.
The role further serves as the Bank’s Section 42 Compliance Officer and AML Reporting Officer, subject to regulatory approval.
KEY RESULT AREAS
The role will report to the OM Bank Chief Compliance Officer and is best suited to a candidate with a comprehensive skill set and proven experience in compliance risk management practices, particularly in financial crime compliance.
The incumbent should demonstrate strong stakeholder management capabilities, with the ability to engage effectively across all levels of the organisation, including senior management, Board committees, and regulators. A key requirement is the ability to influence business decisions and behaviours to ensure alignment with AML/CFT regulatory requirements and the Bank’s risk appetite. This includes providing clear, authoritative guidance, constructively challenging the business where necessary, and maintaining a firm and independent stance on regulatory matters to ensure that compliance standards are upheld without compromise.
The successful candidate will adopt an innovative and forward‑thinking approach to compliance risk management, while acting as a trusted collaborator who is committed to learning and supporting the organisation in achieving its strategic and operational objectives, and in promoting, maintaining, and protecting the integrity of OM Bank from a regulatory perspective.
AML/CFT Strategy and Programme Development
Develop and maintain AML/CFT strategy aligned to regulatory requirements and best practice.
Monitoring emerging trends and provide insights to business
Monitor the regulatory landscape for changes, advise and workshop with business to ensure appropriate response from a control environment enhancement perspective, including the collection, collation and submission of commentary where appropriate.
Enforces and upholds the banks compliance standards. Participates in activities that drive a strong culture of compliance and internal control.
Governance Framework and Advisory
Provide regulatory interpretation and advice.
Advises business on financial crime related requirements and provides recommendation to meet regulatory expectations. Including responding to queries from business and FRAML on financial crime
Create and maintain financial crime regulatory universe and keep abreast of regulatory and industry changes.
Pro-actively identifies, assesses, reports and mitigates financial crime compliance risks across the bank
Maintain Business Risk Assessment, RMCP
Establish and maintain of the financial crime related policies and standards.
Develop and maintain a financial crime training programme
Monitoring and Reporting
Establish AML monitoring capability for the compliance function to enable effective oversight of business activities independent of the business’s monitoring capabilities (transaction monitoring, CDD/EDD, screening).
Implement data-driven reporting encompassing KRIs, and thresholds.
Investigations
Provide specialist AML investigation support to business in relation to high risk customers and suspicious transactions.
Regulatory Compliance
Ensure submission of all AML regulatory returns.
Track and ensure all regulatory reporting is submitted within regulatory prescribed timelines.
Prepare and submit regulatory returns, surveys and requests for information
Proactively report breaches to regulatory and supervisory bodies.
Stakeholder Management
Maintain relationships with the FIC and Prudential Authority.
Attend and represent OM Bank at industry engagements
Governance Reporting
Report to management, ACC and Board with actionable insights.
People Management
Build and manage AML team capability.
Ensure that the team is capacitated with the appropriate skills and experience.
ROLE REQUIREMENTS
Minimum 10–15 years’ experience in financial services, with:
At least 7–10 years in financial crime / AML/CFT compliance
Significant exposure to banking or credit environments
Proven experience in:
Designing and implementing AML/CFT frameworks
Developing Risk Management and Compliance Programmes (RMCPs)
Conducting or overseeing Business Risk Assessments (BRA
A relevant Bachelors degree that includes legal, compliance, commerce and governance and/or a senior compliance qualification. (BCOM; BCOM Law, LLB)
ICA Diploma / Advanced Certificate in AML or Financial Crime
CFE (Certified Fraud Examiner)
CGSS (Sanctions or financial crime related certifications – beneficial)
Membership with relevant professional bodies (e.g. Compliance Institute SA, ACAMS, ICA)
Understands the core principles of an effective compliance function.
Proven track record in Monitoring
Has held a role in a Financial Crime Compliance environment within the banking sector with exposure to financial crime legislation including FICA, FAFT recommendations and prescripts, PROCDATA, FATCA, Exchange Control
Monitoring and report writing skills
Word, Excel and Powerpoint skills.
Behavioural Attributes
Excellent negotiation skills
Ability to collaborate with and influence stakeholders
Great listening skills
Ability to manage conflicts
Ability to manage self and others
Highly organised and methodical with close attention to detail.
Team player and collaborator
Problem solving mindset
Works well in a dynamic environment and manages stress
Self-motivated
Learning mindset
Skills
Compliance Software, Data Compilation, Engineering Standards, Legal Practices, Management Reporting, Oral Communications, Policies & Procedures, Presenting Solutions, Professional Presentation, QA Methodologies, Regulatory Compliance Management, Requirements Development
Competencies
Balances Stakeholders
Ensures Accountability
Financial Acumen
Instills Trust
Interpersonal Savvy
Manages Ambiguity
Manages Complexity
Optimizes Work Processes
Education
Bachelors Degree (B)
Closing Date
26 May 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.
