Compliance Specialist

KORAKHOA SOLUTIONS; Umhlanga Rocks; On-site; ZAR 600,000 - 1,000,000; Full time

Job summary

KORAKHOA SOLUTIONS in Umhlanga, South Africa seeks an experienced Compliance Specialist to support the Head Office. The role requires 5–7 years of banking compliance, strong FAIS and FIC Act knowledge, and data analytics expertise to combat financial crime.

Responsibilities include advising branches on AML/CFT, conducting training, monitoring compliance, filing reports to the FIC via goAML, and managing all related projects. Strong Excel skills and attention to detail are essential for success.

Qualifications

• 5-7 years’ experience in FAIS and AML/CFT in banking.
• Legal/finance qualification or similar with compliance courses.
• In-depth knowledge of FIC Act and FAIS Act and subordinate legislation.
• Strong AML/CFT and regulatory compliance knowledge (KYC).
• Excellent data analysis and reporting skills in Excel.

Responsibilities

• Guide branches on AML/CFT and FAIS requirements.
• Deliver compliance training per plan when required.
• Perform compliance monitoring and testing with recommendations.
• Assist in filing Cash threshold reports to the FIC via goAML.
• Manage projects relating to FIC reporting and investigations (STRs/SARS).
• Review high-risk accounts and reporting thereof.
• Prepare monthly/quarterly compliance reports for management.
• Run reports and analyze data to identify trends and risks.

Skills

AML/CFT knowledge

FIC Act knowledge

FAIS Act knowledge

Excel data analysis

Regulatory compliance

Education

Legal/finance qualification and related courses

Job description

Umhlanga, South Africa | Posted on 10/26/2026

We offer comprehensive services in Recruitment(Permanent, Temporary, Fixed-term Contracts), Payroll Administration, andLabour Relations.

Job Description

We are looking for an experienced Compliance Specialist to join our Head Office team in Umhlanga, South Africa.

If you have 5–7 years of banking compliance experience, deep knowledge of the FIC & FAIS Acts, and love diving into data analytics to stop financial crime, this is the role for you!

Key Duties and Responsibilities:

• Guide and advise Branches on AML/CFT and FAIS requirements.
  
• Conduct compliance training as per the compliance training plan, when required.
  
• Conduct compliance monitoring and testing, including providing recommendations and actions plans.
  
• Assist in filing of Cash threshold reports to the FIC on the goAML platform.
  
• Assist in managing all projects relating to the reporting to the FIC.
  
• Conduct investigations and file STRs/SARS to FIC on the goAML platform.
  
• Review and recommend for approval the opening of all high-risk accounts and reporting thereof.
  
• Reviewing and closing of transaction monitors.
  
• Prepare and submit monthly and quarterly reports to management on STR/SARS filed, high risk accounts, frozen accounts and the compliance monitors.
  
• Run and analyse compliance reports and interrogate data using Microsoft Excel to identify trends, anomalies and potential compliance risks, and provide clear insights to support management decision-making.
  
• Regularly review the Compliance Monitor’s functioning, quality of commentary and timeliness of clearing.
  
• Updating and managing SWIFT KYC Registry.
  

Requirements

Desired Experience & Qualifications:

• 5-7 years’ experience in a FAIS and AML/CFT role in a banking institution.
  
• Legal/finance qualification/or similar and other compliance related courses/qualifications.
  
• In-depth knowledge of the FIC Act including all subordinate legislation and FAIS Act including all subordinate legislation is essential.
  
• Strong knowledge of AML/CFT, FIC Act, FAIS, KYC and regulatory compliance requirements.
  
• Effective presentation and facilitation skills, including the delivery of compliance awareness and training programmes.
  
• Strong analytical and investigative skills, supported by sound IT proficiency, including the ability to run reports and analyse data using Microsoft Excel spreadsheets, to identify, assess and mitigate compliance risks.
  
• Strong attention to detail and ability to review complex information with a high degree of accuracy.