AML/KYC Specialist

C40 Cities; Cape Town; On-site; ZAR 200,000 - 300,000; Full time

Job summary

A collective investment scheme in Cape Town is seeking an AML/KYC Specialist to advise on legal matters related to money laundering prevention. The successful candidate will ensure compliance with relevant laws, develop AML policies, and maintain strong relationships within the team. This role requires an LLB and admission as an attorney in South Africa, with a focus on commercial law and regulatory compliance.

Qualifications

• Completed articles with a reputable law firm.
• Admitted as a legal practitioner in the High Court of South Africa.
• Stable career history.

Responsibilities

• Ensure compliance with AML laws and regulations.
• Provide legal advice to financial institutions.
• Develop AML policies and procedures.

Skills

Knowledge of AML and KYC

Leadership skills

Creative decision-making

Relationship management

Education

LLB

Admitted Attorney

Job description

Overview

Our client is a collective investment scheme in property which aims to provide investors with sustainable income. They are seeking an AML/KYC Specialist to join their company. The successful candidate will be advising on all legal matters relating to the prevention and detection of money laundering and the financing of terrorism.

Key responsibilities

• AML Compliance: Ensuring that parties comply with all AML laws and regulations, including the Financial Intelligence Centre Act (FICA), the Prevention of Organised Crime Act (POCA), and related regulations issued by regulatory authorities such as the Financial Intelligence Centre (FIC).
• Legal advisory services: Providing legal advice and guidance to financial institutions, businesses, and other entities subject to AML regulations in South Africa, including banks, insurance companies, casinos, and designated non-financial businesses and professions.
• Regulatory Compliance: Ensuring that retirement funds comply with all regulatory requirements imposed by the Pension Funds Act, the Financial Sector Conduct Authority (FSCA), and other relevant legislation.
• Policy Development: Developing and implementing AML policies, procedures, and controls tailored to risk profiles, including customer due diligence (CDD), enhanced due diligence (EDD), and Know Your Customer (KYC) measures.
• Transaction Monitoring: Overseeing the implementation and operation of transaction monitoring systems and processes to detect suspicious activities and ensure timely reporting to the relevant authorities.
• Investigations and Due Diligence: Conducting internal investigations and due diligence reviews in response to suspicions or allegations of money laundering, fraud, corruption, or other financial crimes.

Education

• LLB
• Admitted Attorney

Experience

• Completed articles with a reputable law firm
• Admitted as a legal practitioner in the High Court of South Africa
• Stable career history
• Good working knowledge of AML and KYC
• Strong leadership skills
• Ability to create a network of contacts across disciplines
• Build morale and encourage others to give their best performance
• Confident and influential
• Creative and flexible decision-making ability
• Ability to maintain relationships and develop trust within the team

Key performance areas

• Ensuring the integrity, accuracy and reliability of all work
• Compliance with relevant laws and regulations
• Keep abreast with global best practice/trends

Job details

• Contract Type: Perm
• Focus: Commercial Law
• Workplace Type: On-site
• Experience Level: Associate
• Location: Cape Town
• Industry: Financial Services
• Salary: Negotiable

Job references

Job Reference: DLTRPR-D3D44BE0

Date posted: 12 March 2025

Consultant: Tlami Matshego