Borchowsky - AML Compliance Specialist - Johannesburg, GP, South Africa

Mandy Borchowsky

Johannesburg, GP, South Africa


I have been in the Finance Industry for over 5 years, with a focus on the AML/CTF field over the last 3 years & have realised that this is where my passion lies. I have been specifically concentrating on the UK AML regime but always make sure I keep up to date with SA & international developments. During this time I played an integral role in adding to & enriching the responsibilities, tasks & scope of review undertaken by the UK Banking AML area, effectively creating an AML team, of which I held the position of Team Leader. When I initially took on this role I strived to improve & increase the AML oversight & successfully changed this area of the business from a one person role to a four person team & always continued to encourage further growth within the Team.

I am looking for a new & challenging opportunity where I can increase my AML knowledge as well as broaden my experience across the various disciplines within the Banking industry. I also hope to network with individuals in this area of expertise so as to learn from, share and collaborate with those as passionate as I am about fighting the global threat of Money Laundering and Corruption.


AML Compliance Specialist

  • Full time
  • Part time
  • One time
  • Contract
  • Temp

Work History

Independant AML Consultant/Researcher


November 2011 - November 2011

Provide expertise advice and AML specific guidance to whom ever may require/request it. Currently researching the 'organisational psychology' behind a successful AML programme, ie. how does the AML campaign appeal to ones moral sense of duty and desire to be 'part of the solution', moral vs material incentive.

Senior AML Officer, UK Banking Department

Investec Private Bank

June 2008 - October 2011

My responsibilities include the below:
AML Signatory
Ensuring daily team responsibilities are completed to the highest of standards (such as monitoring of daily large transactions and existing client KYC reviews in line with AML requirements)
Collating Management Information and compilation of AML Dashboard
Chairing of the fortnightly AML Forum meetings and implementing decisions and outcomes
Attempted or successful fraud event reporting
Ensuring all procedures are adhered to through independent reporting into the MLRO
Ensuring that the business is kept up to date with all Industry and Regulatory developments
Promoting AML/Fraud awareness throughout the business by providing ongoing Training
Provide support and guidance to the business around any AML queries/issues
Investigations into client activity and transactions that cause concern, referral to MLRO if necessary
Annual High Risk Client Review
Bi-Annual PEP Review
Review of Monthly Consolidated Report results (Monthly volumes and values over accounts reviewed in order to pick up patterns)
Review and commentary on AML related phone calls carried out by the Distribution Team
Review and release (when appropriate) of all transactions that may be blocked by the payment filtering system
Involvement in various Business decisions/initiatives (provide AML representation)
Participation/representation in various Forums that take place across the business (eg. Risk Forum, Operational Risk Forum, Group AML Forum, etc.)

Middle Office Consultant

Investec Private Bank

May 2006 - May 2008

B Signatory
Sound understanding and knowledge of day to day Middle Office functions
Ensure that all risks and regulatory aspects of the business are effectively controlled and managed
Authorisation of relevant processes
Monitor Middle office KPIs, queues, tasks and other benchmarks
Ensuring optimum performance within the team through the support of the Team Leader
Assistance in interviewing and recruiting of Middle Office Team members
Build and maintain relationships with business units
Share knowledge within the Middle office Team and keep them informed of all relevant initiatives/issues
To act with integrity at all times and embrace the philosophy of treating our customers fairly

Corporate Accounts/Sales Administrator

Fidelity Cash Management Services

February 2005 - April 2006

All SAP input in lieu of new services and terminations
Capturing of renewals
Balancing of spreadsheets to SAP
Debtors – R3.5 mil
Preparation of monthly reconciliations
Consolidation and balancing of invoices and spreadsheets for presentation to clients to facilitate payment of accounts
Cheque collection and banking
Liaising with clients in terms of general account queries and payments
Allocation of payments
Collections for some of companies major clients, South African Post Office, FNB and ATM Solutions
Managing client portfolio in absence of Account Executive
Ensuring strict monthly deadlines are met

Qualifications & Certifications

Certified Anti Money Laundering Specialist

Association of Certified Anti Money Laundering Specialists (ACAMS)

ICA UK Diploma in Anti Money Laundering

International Compliance Association

Certificate in Anti Money Laundering Awareness

International Compliance Association

BA Audio-Visual Production Management

University of Johannesburg

Sandringham High School

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