Anti-Money Laundering Analyst

OutsideCapital; Durban; On-site; ZAR 320,000 - 520,000; Full time

Job summary

OutsideCapital is seeking an AML & KYC Analyst to join its compliance operations in Durban. You will play a frontline role in financial crime risk management, ensuring client portfolios adhere to local and international regulations and internal policies.

You will collaborate with Branch Managers, Relationship Managers, and Senior Compliance Officers to onboard and review high-profile accounts, conduct CDD/EDD, and support regulatory submissions in a dynamic, supportive banking environment.

Qualifications

• LLB or equivalent in Law, Risk Management, or Compliance.
• 1–3 years AML/KYC/regulatory compliance experience.
• Strong working knowledge of the SA FIC Act and AML practices.
• Excellent analytical and documentation skills.
• Ability to manage high-volume workflows under deadlines.

Responsibilities

• Account risk profiling and monitoring against regulatory standards.
• Workflow management for high-risk account approvals and renewals.
• CDD and EDD reporting with document verification.
• Risk reviews for PEPs and complex structures.
• RE-KYC reviews for medium- and lower-risk accounts.
• Stakeholder collaboration with Branch/Relationship Managers and Compliance.
• Liaison with Compliance leadership and escalation as needed.

Skills

AML/KYC

Regulatory compliance

Risk assessment

Analytical thinking

Communication

Education

LLB or equivalent in Law/Compliance

Tools

HPLUS

ACAMS

Job description

Client Summary:

Our client is an established, reputable commercial banking institution with a strong international footprint and a dedicated presence across key commercial centers. Recognized for delivering tailored financial services and relationship-driven banking solutions, they pride themselves on maintaining the highest standards of governance, integrity, and regulatory compliance. Joining their team means stepping into a collaborative, high-performance environment where your expertise directly safeguards the institution and supports strategic business growth.

Job Description:

Are you an ambitious legal or compliance professional looking to elevate your career in financial crime prevention? We have an exciting opportunity for an AML & KYC Analyst to join our client's compliance operations in Umhlanga.

In this role, you will be on the front line of financial crime risk management, ensuring the bank’s client portfolio strictly adheres to evolving local and international regulatory frameworks. You will collaborate daily with Branch Managers, Relationship Managers, and Senior Compliance Officers, managing the onboarding and lifecycle review of high-profile, complex accounts.

If you are passionate about regulatory integrity, possess a sharp analytical eye, and are looking for a springboard to expand your expertise within a stable and supportive banking environment, this opportunity is tailor-made for you.

Responsibilities:

• Account Risk Profiling & Monitoring: Review and assess high, medium, and low-risk client accounts against applicable regulatory standards, institutional directives, and statutory policies.
• Workflow Optimization: Manage and coordinate the end-to-end workflow for high-risk account approvals and scheduled high-risk account renewals across national branch networks.
• Customer Due Diligence (CDD & EDD): Compile comprehensive Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) reports, verifying supporting documentation for accuracy and regulatory validity.
• Specialized Risk Reviews: Conduct in-depth risk assessments and continuous monitoring of Politically Exposed Persons (PEPs) and complex legal structures.
• Periodic Reviews (RE-KYC): Execute ongoing due diligence and RE-KYC reviews on medium- and lower-risk accounts in line with the bank's internal review schedules.
• Stakeholder Collaboration: Serve as a trusted advisor to Branch Managers and Relationship Managers, guiding them on KYC remediation, compliance queries, and regulatory submissions.
• Liaison with Compliance Leadership: Proactively escal...

Requirements:

Must-Haves:

• Educational Background: Bachelor of Laws (LLB) degree or a recognized tertiary qualification in Law, Risk Management, or Compliance.
• Relevant Experience: 1 to 3 years of hands-on experience in an AML, KYC, or regulatory compliance role within a commercial banking or financial services environment.
• Regulatory Expertise: Strong working knowledge of the Financial Intelligence Centre Act (FIC Act), statutory banking directives, and anti-money laundering (AML) best practices in South Africa.
• Analytical Precision: Outstanding attention to detail with proven ability to analyze complex corporate structures and customer identification documentation.
• Communication & Time Management: Excellent written and verbal communication skills, paired with the ability to manage high-volume workflows under defined deadlines.

Nice-to-Haves:

• Proficiency or prior experience using banking core systems such as HPLUS.
• Additional certifications in AML/CFT compliance (e.g., Compliance Institute Southern Africa or ACAMS)