Compliance Analyst

Watershed Consulting; Durban; On-site; ZAR 300,000 - 450,000; Full time

Job summary

A financial services firm in Durban is seeking a Compliance Analyst. The role involves safeguarding banking operations through meticulous compliance handling, such as managing regulatory reporting and investigating sanction alerts. Candidates should possess 1–3 years of relevant experience and an LLB or related qualification. The company values expertise and offers a collaborative environment conducive to career development.

Qualifications

• 1–3 years' experience in compliance/regulatory roles within a banking environment.
• Compliance-related certifications are essential.
• Solid understanding of the FIC Act, Regulations, and banking legislation.

Responsibilities

• Reviewing and clearing sanction alerts, escalating suspicious cases when needed.
• Managing daily regulatory reporting to the FIC (CTRs, IFTR).
• Ensuring SARS payments are processed on time.

Skills

Attention To Detail

Compliance

Banking

Regulatory Reporting

Education

LLB or related qualification

Job description

Overview

Compliance Analyst — Location: Durban, Banking Sector

Are you ready to make your mark in the fast-paced world of financial services? We’re looking for a Compliance Analyst who thrives on detail, understands regulatory frameworks, and wants to play a key role in protecting the integrity of our banking operations.

Why this role matters

In this position, you’ll be on the frontline of safeguarding the bank from regulatory and reputational risk. Your expertise will ensure that every transaction, process, and report meets the highest standards of compliance. Think of yourself as both a detective and a protector — spotting irregularities, ensuring timely reporting, and guiding teams across the business.

Responsibilities

• Reviewing and clearing sanction alerts, escalating suspicious cases when needed
• Managing daily regulatory reporting to the FIC (CTRs, IFTR)
• Reviewing and responding to Section 27 & 32 requests
• Ensuring SARS payments are processed on time
• Conducting compliance monitoring and preparing monitoring reports
• Supporting branches with freezes, unfreezes, and dormancy removals
• Collaborating with auditors and internal stakeholders on compliance matters
• Handling compliance queries and ensuring smooth day-to-day operations

Qualifications

• 1–3 years’ experience in compliance / regulatory roles within a banking environment
• An LLB or related qualification, plus compliance-related certifications
• Solid understanding of the FIC Act, Regulations, and banking legislation
• A sharp eye for detail and commitment to accuracy
• Strong knowledge of industry best practices and the confidence to apply them

Why join us?

You’ll step into a collaborative environment where compliance is respected, your expertise is valued, and you’ll have the chance to grow your career in a role that truly makes an impact.

If you’re eager to build a career where precision meets purpose, we’d love to hear from you.

Skills

• Attention To Detail
• Compliance
• Banking
• Regulatory Reporting