AML Compliance assistant

Curiska; Johannesburg; On-site; ZAR 300,000 - 400,000; Full time

Job summary

A dynamic financial services firm is seeking an AML Compliance Assistant in Johannesburg. The role involves essential compliance tasks, including conducting screening, due diligence, and training support to ensure adherence to AML and KYC regulations. Candidates should ideally have a relevant degree and at least one year of AML experience to support regulatory compliance. This position offers a substantial opportunity to contribute to financial integrity within the firm.

Qualifications

• Minimum of one year of experience in AML compliance.
• Prior experience in financial services is preferred.
• Understanding of Money Laundering Regulations and Customer Due Diligence.

Responsibilities

• Conduct sanctions, PEP, and adverse media checks.
• Review AML/KYC due diligence information.
• Analyze customer activity for suspicious activity detection.

Skills

Analytical Skills

Attention to Detail

Regulatory Knowledge

Education

Degree or certification in compliance or finance

Job description

We are seeking a detail-oriented and motivated AML Compliance Assistant. The ideal candidate will have at least one year of experience in Anti-Money Laundering (AML) compliance within the financial services industry. You will play a crucial role in ensuring the firm adheres to all relevant regulations and internal policies related to AML and Know Your Customer (KYC).

Key Responsibilities :

Sanctions, PEP, and Adverse Media Screening : Conduct thorough reviews of sanctions screening, PEP) and adverse media checks for clients and counterparties.

AML / KYC Due Diligence : Review and analyze AML / KYC due diligence information for a diverse range of clients with varying legal structures and jurisdictions, ensuring compliance with the firm's due diligence requirements.

Enhanced Due Diligence (EDD) : Review high-risk accounts and EDD reports, and assist the Client Services Team with EDD requirements.

Suspicious Activity Monitoring : Analyze customer relationships, documentation, activity patterns, and transactions to detect potential suspicious activity or activity inconsistent with the client's profile, escalating as necessary.

AML Training Support : Assist in providing AML training to staff.

Risk Assessments : Complete risk assessments on clients, considering relevant risk factors as determined by the firm.

Project Support : Participate in projects and ad-hoc tasks as required by management.

Compliance Documentation : Prepare updates to compliance documentation.

Due Diligence Requests : Respond to due diligence requests on behalf of the company.

Essential Skills and Experience :

Financial Services Experience : Prior experience in financial services, preferably within an investment or platform-based environment.

AML Experience : Minimum of one year of experience in AML compliance.

Regulatory Knowledge : Knowledge of Money Laundering Regulations in the UK and / or FICA (Financial Intelligence Centre Act).

JMSLG Guidance (Preferred) : Preferably knowledge of the (UK) Joint Money Laundering Steering Group (JMSLG) Guidance.

Customer Due Diligence : Knowledge of customer and enhanced due diligence, sanctions, PEP, and adverse media screening.

Financial Sanctions : Understanding of the implications of financial sanctions on financial institutions and their conduct, including OFAC, HM Treasury, EU, and UN sanctions.

Education :

A relevant degree or certification in compliance, finance, or a related field is preferred.

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