Being a part of the Hollywoodbets Purple Team is an opportunity to become a part of one of South Africa’s biggest success stories. From humble beginnings in Durban, Hollywoodbets has grown into a powerhouse brand operating across Africa and the United Kingdom. And that’s just the beginning. Our talented Team is on a mission to increase our global footprint, ready to take on any challenge because at Hollywoodbets, not even the sky is the limit. Join our Team and let’s reach for the stars.

We have an amazing opportunity for a Head of Regulations. Do you think you have what it takes to be our newest Purple Star?

The Head of Regulations will lead and manage the Anti-Money Laundering (AML) department, ensuring the effective implementation and execution of AML initiatives. This role is also responsible for overseeing and enhancing regulatory compliance with relevant legislations, providing strategic direction, and ensuring adherence to regulatory requirements. The primary focus is on executing the business strategy concerning the enhancement and implementation of the Risk Management and Compliance Program (RMCP) to effectively manage Anti-Money Laundering, Countering the Financing of Terrorism, and Sanctions compliance.

With Hollywoodbets You Will:

Innovate and create as part of a like-minded, authentic Team eager to achieve goals.

Embrace challenges and the thrill of working in a vibrant and fast-paced industry.

Grow with our development plans and culture that allows you to further your career.

You Bring:

• 5 -10 years experience in financial services, banking or gambling industry
• Completed bachelor’s degree in finance, Risk, or related
• Computer Literate
• Valid driver’s license
• Own transport

What You’ll Do For The Brand:

Financial Metrics/ Operational Duties

• Identify potentially suspicious activity and safeguard the integrity of the Group;
• Oversee AML compliance with all territory legislation changes.
• Coordinate the day-to-day implementation of the Group’s financial crime prevention efforts. Including governance, oversight, and execution of the RMCP, Sanctions, Anti- Bribery and Corruption and policies and processes to ensure risk is addressed appropriately.
• Lead and supervise the Groups Anti-Money Laundering teams.
• Driving organizational change necessary to manage AML/CTF remediation projects and improvements to existing processes and system tools.
• Oversee collaborate between departments to implement effective KYC and AML procedures and ensure integration with business operations.
• Understand all internal and external (regulatory) reporting requirements;
• Enhancing overall regulatory compliance with relevant legislations, providing strategic direction, and ensuring adherence to regulatory requirements.
• Provide regular reports and insights into the status of AML/CTF compliance/non-compliance to executive and board as required, including an annual risk assessment; and
• Represent the Group with respect to AML/CTF controls in internal, external, and regulatory audits and onsite examinations.

People

• Work effectively and efficiently with teams that are committed to organizational goals and initiatives.
• Develop and mentor the teams and ensure that appropriate training is identified and successfully completed as s and when needed for team members.
• Set performance goals, conduct performance evaluations, and address any performance issues within the team
• Adequate recognition of team member efforts and motivation of team members.
• Provide leadership which helps the various teams, and the Group fulfil its regulatory requirements.
• Adhere to the principles of an ethical, honest, transparent, fair work environment

•  Ensure effective communication within the team and across other departments to foster collaboration and information sharing related to financial crime prevention.
• Conduct performance reviews of the senior managers within the teams
• Promote a culture of compliance and integrity within the team

Compliance, risk and quality

• Creating and implementing policies, procedures, and controls to prevent and detect financial crimes within the Group
• Compliance with relevant laws, regulations, and affiliated professional standards.
• Regular risk assessments and oversight of the risk register for AML/CTF risk
• Intense focus on quality with regards to communication, capturing, documentation etc.
• Oversee the saving of all work, templates, etc. monthly and yearly such that each year’s financial records can withstand scrutiny when enquiries/ investigations/audits take place.
• Produce high quality, neat, logical, succinct, easy to follow, easy to understand, formula linked work/templates/workbooks/financial models/recons/audits - of which is substantiated by facts with no numbers in the formulas.
• Effectively deal with internal, external, SARS, BEE, FIC and any other auditor/regulatory/oversight body in the normal course of business.
• Report suspicious behavior and fraud findings immediately.
• Promote declaration of all gifts.
• Promote non acceptance of kickbacks. Instances to be reported immediately.
• Promote declaration all conflicts of interest upfront.
• Promote a culture of confidentiality within the business with regards to the protection of personal information.
• Promote the Code of Ethics (Integrity, Objectivity, Confidentiality and Competence).
• Ensure all personal information of employees, customers and suppliers and other stakeholders is not shared and is maintained in a secure environment.
• Stay updated with changes in the relevant industry and changes to relevant Acts/Regulations.

Growth and new markets/ products

• Source new products/innovations/robotics/artificial intelligence/predictive analysis/predictive analytics.
• Development of existing products/software.
• Ensure that measures are put in place and steps are taken to achieve short term, medium-term, long-term goals of the broader group.
• Assist with company projects or lead company projects as allocated from time to time.
• Drive continuous improvement initiatives based on industry best practices and regulatory updates.

What You’ll Bring To The Team:

• Strong communication skills
• Interactive and engaging presentation style
• Ability to facilitate workshops
• High energy level
• Strong sense of personal accountability
• Good sense of customer orientation and service excellence
• Coaching skills
• Training experience
• Strong analytical abilities