Compliance Analyst

THE SKILLS MINE; Johannesburg; On-site; ZAR 300 000 - 500 000; Full time

Job summary

A financial services firm in Johannesburg is seeking an experienced financial compliance officer to manage KYC processes and compliance requirements. The ideal candidate has a Matric Certificate, a relevant tertiary qualification, and 3-5 years of experience in finance, KYC, and risk management. The role involves ensuring adherence to regulatory requirements and efficiently processing documentation.

Qualifications

• 3-5 years of experience in a finance environment.
• 3-5 years of experience with KYC processes.
• 3-5 years of experience in compliance and risk management.

Responsibilities

• Understand and apply all relevant regulatory and statutory requirements.
• Receive and update KYC, NBI, and LPA requests.
• Analyse details provided on Firm questionnaires for FICA purposes.
• Ensure all relevant supporting documentation is provided.
• Process confirmations of ultimate beneficial owners and PEPs.
• Respond to and resolve general and system queries related to FICA.
• Follow escalation process for high-risk clients.

Skills

Experience in compliance and risk management

KYC processes knowledge

Finance environment experience

Education

Matric Certificate with a relevant tertiary qualification

Job description

Requirements:

• A Matric Certificate with a relevant tertiary qualification (focused on FICA/KYC)
• A minimum of 3 to 5 years’ experience in a finance environment.
• A minimum of 3 to 5 years’ experience with KYC processes.
• A minimum of 3 to 5 years’ experience in compliance and risk management

Responsibilities:

• Understand and apply all relevant regulatory and statutory requirements, such as the FIC Act and FICA.
• Receive KYC, NBI, and LPA requests from the dashboard and update processing actions.
• Analyse details provided on Firm questionnaires for FICA purposes using relevant sources to search and verify information.
• Check to ensure that all relevant supporting documentation has been provided.
• Process confirmations of ultimate beneficial owners, PEPs, and adverse information to assess and determine the level of risk to the firm.
• Respond to and resolve all general and system queries related to FICA requirements promptly.
• Follow the escalation process when dealing with high-risk clients as per standard operating procedures.