Risk And Compliance Intern MMH261105-10

Role Purpose

To gain practical experience and knowledge by supporting the Risk and Compliance function in identifying, assessing, monitoring, and reporting on regulatory, compliance, and operational risks. The role provides exposure to governance, risk management, regulatory compliance, conduct risk, and regulatory change management within a financial services environment.

Requirements

• Recognized FSCA degree at NQF level 7 (e.g., LLB/BCom Law/BA Law).
• Foundational understanding of general legal principles, risk management, corporate governance, and regulatory compliance.
• Familiarity with key financial services regulatory frameworks and ability to identify, assess, and communicate legal, regulatory, and operational risks effectively.
• Understanding the legal frameworks, regulatory guidelines, and industry best practices governing AML efforts.
• Understanding common money laundering schemes, terrorist financing methods, and other financial crimes.
• Microsoft Office Suite.

Duties and Responsibilities

Internal Process

• Analyze transaction data to identify suspicious activities or patterns.
• Collect, review, and analyze information to ensure compliance with CDD (Customer Due Diligence) regulations.
• Monitor financial transactions for potential red flags or breaches of AML regulations.
• Prepare reports on suspicious activity and other compliance-related matters.
• Research new regulations, industry trends, and best practices in AML.
• Assist with the capturing, tracking and maintenance of AML regulatory reports, risk registers, risk assessments, process documents, inspection findings and system changes.
• Provide administrative and logistical support to more experienced AML professionals in the team.
• Assist with the monitoring and tracking of regulatory developments and legislative changes.
• Support the maintenance of compliance obligations, regulatory registers and compliance monitoring plans.
• Assist with the preparation of compliance, risk and governance reports for management and committees.
• Support risk assessments, control assessments and risk register updates.
• Collect, analyse and report on risk and compliance-related information.
• Assist with the tracking and resolution of audit findings, regulatory findings and management actions.
• Support the coordination of regulatory submissions and engagements with regulators.
• Assist with compliance reviews and monitoring activities across business units.
• Conduct research on regulatory requirements, industry developments, emerging risks, and draft corresponding memorandums and opinions.
• Maintain records related to policies, standards, procedures and governance documentation.
• Assist with governance forums, committee administration and meeting preparation.
• Provide administrative and logistical support to the Risk and Compliance team.

Client Process

• Build and maintain relationships with internal and external stakeholders.
• Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
• Participate and contribute to a culture of work-centric thinking, productivity, service delivery and quality management.
• Take ownership for driving career development.

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