Compliance Analyst

THE SKILLS MINE; Johannesburg; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading financial services firm in Johannesburg is seeking a Compliance and Risk Management Specialist. The ideal candidate will have a Bachelor’s degree and 3-5 years of relevant experience in law practice or finance, particularly in KYC processes and compliance. Responsibilities include ensuring adherence to statutory requirements, processing client confirmations, and managing compliance documentation. Proficiency in compliance tools and a strong understanding of regulatory frameworks are essential for success in this role.

Qualifications

• 3-5 years of experience in compliance and risk management.
• Strong understanding of regulatory frameworks applicable to financial services.
• 3-5 years of experience in the law practice or financial environments.

Responsibilities

• Understand and apply regulatory and statutory requirements.
• Receive KYC and NBI requests, updating processing actions accordingly.
• Analyse details in the Firm Questionnaire for FICA purposes.
• Ensure all supporting documentation is complete.
• Process confirmations of ultimate beneficial owners and analyze related risks.
• Monitor compliance alerts and reports.

Skills

Compliance knowledge

KYC processes

Risk management

Financial processes understanding

Proficiency in Microsoft Office

Education

Bachelor’s or Diploma in Law, Finance, Business Administration, or Risk Management

Job description

Requirements

• A Bachelor’s or Diploma in Law, Finance, Business Administration, or Risk Management is preferred.
• 3–5 years of experience in a law practice, professional services, or finance environment, with a solid understanding of financial processes and operations.
• 3–5 years of experience in KYC processes, including client onboarding and verification procedures.
• 3–5 years of experience in Compliance and Risk Management, with the ability to identify, assess, and mitigate compliance risks effectively.
• Strong knowledge of regulatory frameworks and corporate governance, particularly within a law practice or financial services environment.
• Proficiency in compliance systems, KYC tools, and Microsoft Office.

Responsibilities

• Understand and apply all relevant regulatory and statutory requirements, such as the FIC Act, FICA, and others.
• Receive KYC (Know Your Client), NBI (New Business Intake), and LPA (Legal Practice Act) requests from the dashboard and update processing actions accordingly.
• Analyse details provided in the Firm Questionnaire for FICA purposes and utilise relevant sources to search and verify information.
• Ensure that all relevant supporting documentation has been provided and is complete.
• Process confirmations of ultimate beneficial owners, PEPs, and adverse information, and analyse both provided and researched information to determine the level of risk to the firm.
• Respond to and resolve all general and system queries related to FICA requirements promptly.
• Monitor alerts and reports on an ongoing basis to ensure compliance.
• Maintain and file documents in a central database, including engagement letters and compliance memos, according to firm standards.
• Link client codes to matters and manage the linking of lead matters in the system as per instructions received.