Compliance Analyst

KORAKHOA SOLUTIONS; Durban; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A financial services company in Durban is looking for a Compliance Officer to handle regulatory reporting and monitor compliance activities. Candidates must have at least 13 years in regulatory positions within banking and oversee clear sanction alerts, perform compliance monitoring, and ensure timely payments to authorities. The role offers a monthly salary of 550 and requires relevant qualifications, including a Bachelor's degree. Strong client relationship skills are essential.

Qualifications

• 13 years experience in a compliance/regulatory position in a banking environment.
• Minimum of 5 years banking experience specializing in credit.
• Understanding of FIC Act Regulations and other applicable legislation.

Responsibilities

• Review and clear sanction alerts.
• Daily regulatory reporting to the FIC including CTRs and IFTR.
• Conduct Compliance monitoring as per the monitoring plan.

Skills

Attention to detail

Building and maintaining positive client relationships

Ensure timely completion of activities with high accuracy

Education

Relevant Bachelor's Degree (BCom or similar)

LLB qualification or similar compliance-related courses

Tools

Abinitio

Job description

Responsibilities

• Review and clear sanction alerts
• Escalate suspicious sanction alerts
• Daily regulatory reporting to the FIC including CTRs and IFTR
• Review and respond to Sections 27 and 32 requests from the FIC
• Ensure payments to SARS made timeously
• Conduct Compliance monitoring as per monitoring plan and compile monitoring reports
• Respond to branches requests including to freeze unfreeze and remove dormancy on accounts
• Collaborate with and provide information to internal and external auditors
• Address branch queries on compliance related matters
• Perform various general administrative duties such as maintenance of ongoing projects

Requirements

• 13 years experience in a compliance / regulatory position in a banking environment
• LLB qualification / or similar and other compliance-related courses / qualifications
• Understanding and working knowledge of FIC Act Regulations and other applicable legislation impacting Banks
• Attention to detail
• Exemplify 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

• Abinitio
• Apprentice
• Dermatology
• Cost Estimation
• Data Networking
• Liaison

Employment Type: Full Time

Experience: years

Vacancy: 1

Monthly Salary: 550 - 550