AMLKYC Analyst

KORAKHOA SOLUTIONS; Durban; On-site; ZAR 240 000 - 310 000; Full time

Job summary

A banking solutions provider in Durban seeks a Compliance Officer to manage customer account reviews and ensure adherence to regulations. The role involves handling high and medium risk accounts, preparing due diligence reports, and maintaining key stakeholder relationships. Candidates should have a minimum of 1-3 years in a regulatory role within banking, an LLB qualification, and a strong understanding of financial legislation. This full-time position offers a monthly salary range of ZAR 240,000 - 310,000.

Qualifications

• 1-3 years of experience in a compliance/regulatory position in a banking environment.
• In-depth understanding of FIC Act Regulations and other applicable legislation impacting banks.
• 5+ years of banking experience specializing in credit.

Responsibilities

• Review high, medium, and low-risk accounts ensuring compliance with regulations.
• Manage workflows for new and renewal of high-risk accounts.
• Prepare Enhanced Due Diligence and Customer Due Diligence Reports.

Skills

Attention to detail

Client relationship management

Regulatory compliance

Education

LLB qualification or similar

Relevant Bachelor's Degree (BCom, BCom Honours)

Tools

ArcGIS

Python

R

Job description

Reviewing 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 Banks internal policy of reviewing such accounts (REKYC).

Co-ordinate 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.

Prepared Enhance 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.

Requirements

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

Required Skills

• Relevant Bachelors Degree (BCom BCom Honours in Banking etc). - Minimum of 5 years banking experience specialising in credit. - Ensure all activities are completed within timescales and with high degree of accuracy whilst providing excellent service and adhering to all appropriate processes and procedures. - Building and maintaining positive client relationships.

Key Skills

ArcGIS,Intelligence Community Experience,GIS,Python,Computer Networking,Data Collection,Intelligence Experience,R,Relational Databases,Analysis Skills,Data Management,Application Development

Employment Details

Type: Full Time

Vacancy: 1

Monthly Salary: 240 - 310