Compliance Analyst - AML/KYC

Placements24; Polokwane; On-site; ZAR 380,000 - 560,000; Full time

Benefits offered by this job

Competitive salary

Medical benefits

Retirement benefits

Professional development

Annual bonus

Job summary

Placements24 is seeking a diligent Compliance Analyst in Polokwane to specialist in AML and KYC procedures. The role focuses on safeguarding the institution against financial crime, conducting investigations, and managing customer due diligence processes within the Limpopo region.

Responsibilities include CDD/EDD, monitoring transactions for suspicious activity, preparing SARs, developing AML/KYC policies, and performing risk assessments.

Qualifications

• Bachelor's degree in Finance, Law, Criminology or related field.
• 2–4 years of AML, KYC or financial crime compliance experience.
• Strong understanding of SA FICA regulations and international AML standards.
• Excellent analytical skills and attention to detail.
• Proficiency in using compliance monitoring systems and databases.
• Good written and verbal communication skills.

Responsibilities

• Perform CDD and EDD on new and existing clients.
• Monitor transactions for suspicious activity and investigate money laundering or terrorist financing.
• Prepare and file SARs with the relevant authorities.
• Assist in developing and implementing AML/KYC policies and procedures.
• Conduct regular compliance testing and risk assessments.
• Stay updated on evolving AML/KYC regulations and best practices.

Skills

CDD/EDD experience

Analytical skills

Attention to detail

Communication skills

Education

Bachelor's degree in Finance/Law/Criminology

Tools

Compliance monitoring systems

Compliance databases

Job description

About the Role

Our client, a respected financial services provider in Polokwane , is seeking a diligent Compliance Analyst specializing in Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures. This role is critical for safeguarding the institution against financial crime and ensuring strict adherence to regulatory frameworks. You will conduct investigations, manage customer due diligence processes, and contribute to the development of robust compliance strategies within the Limpopo region. This position offers a stable career path in financial crime prevention in Polokwane .

Key Responsibilities

• Perform customer due diligence (CDD) and enhanced due diligence (EDD) on new and existing clients.
• Monitor transactions for suspicious activity and investigate potential money laundering or terrorist financing offenses.
• Prepare and file Suspicious Activity Reports (SARs) with the relevant authorities.
• Assist in the development and implementation of AML/KYC policies and procedures.
• Conduct regular compliance testing and risk assessments.
• Stay updated on evolving AML/KYC regulations and industry best practices.

Requirements

• Bachelor's degree in Finance, Law, Criminology, or a related field.
• 2-4 years of experience in AML, KYC, or financial crime compliance.
• Strong understanding of South African FICA regulations and international AML standards.
• Excellent analytical skills and attention to detail.
• Proficiency in using compliance monitoring systems and databases.
• Good written and verbal communication skills.

Benefits

• Competitive salary and potential for annual bonus.
• Comprehensive medical and retirement benefits.
• Opportunities for professional development and AML/KYC certifications.
• A stable and supportive work environment in Polokwane .
• Contribute to maintaining the integrity of the financial system.