CIS KYC Officer

Apex Group Ltd; Bellville; On-site; ZAR 300 000 - 600 000; Full time

Job summary

An established industry player is seeking a detail-oriented compliance officer to join their dynamic team. In this role, you will be at the forefront of ensuring compliance with FICA legislation while providing exceptional client service. Your responsibilities will include conducting thorough reviews, preparing due diligence reports, and liaising with various stakeholders to rectify non-compliant accounts. This is a fantastic opportunity to leverage your analytical skills and attention to detail in a supportive environment that values your contributions. If you're passionate about compliance and client service, this role offers the chance to make a significant impact in the financial services sector.

Qualifications

• Strong communication skills to liaise with various stakeholders.
• Experience in compliance and client services administration.

Responsibilities

• Conduct reviews for compliance and risk profiling of clients.
• Prepare Enhanced Due Diligence and Customer Due Diligence Reports.
• Assist in resolving client queries and ensure compliance.

Skills

Communication Skills

Client Services Administration

FICA Legislation Knowledge

Analytical Thinking

Attention to Detail

Excel Skills

Ability to Work Under Pressure

Initiative

Education

BCom or Legal Degree

5+ Years CIS Experience

Tools

Invest One

Job description

The Apex Group was established in Bermuda in 2003 and is now one of the world’s largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services. With our clients at the heart of everything we do, our hard-working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over circa 13,000 employees across 112 offices worldwide. Your career with us should reflect your energy and passion.

That’s why, at Apex Group, we will do more than simply ‘empower’ you. We will work to supercharge your unique skills and experience.

Take the lead and we’ll give you the support you need to be at the top of your game. And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry-changing realities.

For our business, for clients, and for you.

Job specification

• Ability to communicate with a variety of individuals on all levels in order to obtain and confirm information
• Liaise with client services, LISP, Dealing and compliance teams
• Work effectively in a team
• Conduct ad hoc and periodic reviews on existing client population.
• Review all investors for FICA Compliance and FICA risk profiling compliance on a regular basis in terms of company's RMCP
• Identify non-compliant clients
• Issue instruction and review the restriction of non-compliant clients
• Determine the Ultimate Beneficial Owners (UBOs) of an entity by identifying and analyzing relevant documents, such as share registers, shareholder agreements, trust deeds, partnership agreements, etc.
• Obtaining outstanding information by contacting investors, advisors, partners to rectify non-compliant accounts
• Assist in the un-restriction of clients who are compliant by issuing instructions to service provider and reviewing the action.
• Follow-up, review, and ensure that information has been processed by service provider
• Review the accounts of investors on an ongoing basis in line with companies RMCP policy for ongoing reviews.
• Prepare Enhance Due Diligence (EDD) and Customer Due Diligence (CDD) Reports where required.
• Deal with matters arising from CDD and EDD
• Communicate with compliance on progress on CDD and EDD
• Handling and sorting client queries and responses effectively
• Liaison with clients/investors, relevant internal and external departments.
• Keep abreast of changes in FIC and CIS legislation and how it affects the business and proactively adapt behavior plus communicate to all relevant managers and departments
• Report non-compliance to the Head of compliance and propose remedial action
• Assist Dealing team in obtaining and completing FICA/KYC documents for offshore fund investments.
• Attend to daily alerts raised by the onboarding system and action accordingly.
• Where required assist with reporting Suspicious Transactions Reports (STRs), Cash Transaction Reports (CTRs) and Terrorist Property Reports (TPRs) to the FIC (including, but not limited to collating information);
• Provide assistance to the KYC Manager with any other administrative and compliance-related tasks as assigned.

Skills Required:

• BCom or legal degree preferably or more than 5 years’ CIS experience
• Relevant experience in client services administration, finance and or compliance
• Excel skills is essential.
• Basic understanding of unit trusts and investments
• FICA legislation and or rules
• Accuracy and attention to detail is critical
• A good working knowledge of systems or an aptitude for working with systems, specifically Invest One.
• An ability to work accurately under pressure to meet deadlines.
• An ability to take initiative and work independently.
• Attention to detail
• Ability to communicate effectively at various levels.
• An ability to think analytically and identify and solve problems effectively.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position. Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.