AML/KYC Analyst

KORAKHOA SOLUTIONS; Durban; On-site; ZAR 300,000 - 600,000; Full time

Job summary

KORAKHOA SOLUTIONS in Durban, South Africa, seeks an analytical and detail-oriented Financial Crime Compliance Professional to manage end-to-end Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) lifecycles within a banking context.

You will review high-, medium-, and low-risk accounts, coordinate with Branch Managers, Relationship Managers and Compliance, and prepare CDD/EDD reports while ensuring adherence to the FIC Act and internal policies.

Qualifications

• 1-3 years’ experience in a compliance/regulatory position in a banking environment.
• LLB qualification or similar and other compliance related courses/qualifications.
• Good understanding and knowledge of FIC Act, Regulations, Directives etc and other applicable legislation impacting Banks.
• Strong knowledge of industry protocols and best practices.

Responsibilities

• Review High, Medium and Low risk accounts and completion of targets, while ensuring compliance to local laws, rules and regulations and policies, directives and guidance.
• Manage the workflow of the renewal of high-risk accounts for Branches.
• Manage the workflow of new high-risk accounts for Branches.
• Review of medium and lower risk accounts as part of the Bank’s internal policy of reviewing such accounts (REKYC).
• Coordinate and maintain appropriate working relationship with all key stakeholders in the bank directly related to customer accounts i.e. Branch Managers, Relationship Managers and Compliance.
• Prepare Enhanced Due Diligence and Customer Due Diligence Reports.
• Conduct review and EDD for PEP accounts.
• Review validity of documents for clients for CDD and EDD Reports.
• Communicate with compliance on progress on CDD and EDD.
• Deal with matters arising from CDD and EDD.

Skills

CDD/EDD lifecycle

Regulatory compliance

Stakeholder coordination

Education

LLB or equivalent

Job description

Durban, South Africa | Posted on 08/28/2026

We offer comprehensive services in Recruitment(Permanent, Temporary, Fixed-term Contracts), Payroll Administration, andLabour Relations.

Job Description

Analytical and detail-oriented Financial Crime Compliance Professional with extensive experience managing end-to-end Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) lifecycles. Proven track record of protecting institutional integrity by overseeing high-risk account workflows, conducting specialized PEP reviews, and ensuring strict adherence to local banking regulations and internal policies.

Requirements

• Reviewing High, Medium and Low risk accounts andcompletion of targets, while ensuring compliance to local laws, rules andregulations and policies, directives and guidance.
• Manage the workflow of the renewal of high-risk accountsfor Branches.
• Manage the workflow of new high-risk accounts forBranches.
• Review of medium and lower risk accounts as part of theBank’s internal policy of reviewing such accounts (REKYC).
• Co-ordinate and maintain appropriate working relationshipwith all key stakeholders in the bank directly related to customer accountsi.e. Branch Managers, Relationship Managers and Compliance.
• Prepared Enhance Due Diligence and Customer Due DiligenceReports.
• Conduct review and EDD for PEP accounts.
• Review validity of documents for clients for CDD and EDDReports.
• Communicate with compliance on progress on CDD and EDD.
• Deal with matters arising from CDD and EDD.

Qualifications &Experience

• 1-3years’ experience in a compliance/regulatory position in a banking environment.
• LLBqualification/or similar and other compliance related courses/qualifications.
• Goodunderstanding and knowledge of FIC Act, Regulations, Directives etc and otherapplicable legislation impacting Banks.
• Strongknowledge of industry protocols and best practices