Financial Investigator

Western Cape Gambling and Racing Board · Western Cape

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The purpose of this position is to plan and conduct gambling licensing investigations and related administrative processes in accordance with the Western Cape Gambling and Racing Act, 1996 Act 4 of 1996, and applicable regulations, policies and procedures.

Requirements

The minimum requirements are

A Bachelor's Degree or Advanced Diploma NQF Level 7 in Accounting, Financial Management, Internal Auditing, Forensic Accounting, Law LLB or BCom Law, Forensic Investigation, Risk Management or Compliance Management. The qualification, or verified supplementary study, must include Financial Accounting at a minimum second-year level.
Three years or more relevant post-qualification experience in financial or forensic investigation, auditing, financial analysis, regulatory investigations, anti-money laundering / know-your-customer KYC or fit-and-proper assessments.
Demonstrable experience in analysing financial statements and bank statements and preparing written investigative reports.
Computer literacy in MS Word, Excel and Outlook.
A valid Code B driver's licence.

The successful candidate must demonstrate the following knowledge, skills and attributes:

a sound working knowledge of anti-money laundering AML and counter-terrorist financing CTF requirements; source-of-funds and source-of-wealth verification; and beneficial ownership structures involving companies and trusts.
Knowledge of the Western Cape Gambling and Racing Act, the National Gambling Act, the Financial Intelligence Centre Act FICA, the Companies Act, the Trust Property Control Act, the Protection of Personal Information Act POPIA and the Promotion of Access to Information Act PAIA, as applicable to licensing and probity investigations. Ability to critically assess business plans, funding structures and financial projections. Strong research, verification, analytical, problem-solving and decision-making skills.
Good written and verbal communication, report writing, interviewing, and negotiation skills. Good organisational and time-management skills, attention to detail, accuracy and the ability to meet deadlines. High levels of integrity, reliability and self-motivation, with the ability to handle confidential information, manage conflict and work under pressure. Willingness to undergo periodic external probity investigations.

The key performance areas of this position will include, inter alia

Conduct probity investigations into gambling licence applications, including financial analysis, verification of the source and availability of funds, credit and background checks, and assessment of regulatory compliance.
Analyse financial information, business structures and supporting documentation to identify risks and inform licensing recommendations.
Conduct site inspections and verify relevant site, ownership and regulatory information.
Prepare accurate and timely investigative reports, memoranda and recommendations for consideration by management, committees and the Board.
Maintain accurate investigation records and licensing information, and perform related administrative duties and financial reconciliations.
Liaise with applicants, investigators and internal stakeholders; coordinate interviews and site visits; and report on investigation progress, risks and significant developments.

The Board offers a total cost to company of R 680 448.98 per annum including 13th Cheque .