Kyc - Aml Analyst Market Related

Watershed Consulting; Durban; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading bank in Durban is seeking an experienced KYC - AML Analyst to join their compliance team. You will review accounts, manage workflows, and prepare compliance reports while ensuring adherence to local regulations and best practices. The ideal candidate will have a minimum of 3 years' experience in a compliance position within banking and possess an LLB qualification or equivalent. This role offers a market-related remuneration package.

Qualifications

• 3 years' experience in a compliance/regulatory position in a banking environment.
• In-depth understanding of FIC Act and related legislation.

Responsibilities

• Review high, medium, and low risk accounts.
• Manage workflow for renewal of high risk accounts.
• Prepare enhanced due diligence (EDD) and customer due diligence (CDD) reports.

Skills

Compliance knowledge

Risk assessment

Stakeholder communication

Document validation

Education

LLB qualification or similar

Compliance-related courses

Job description

A leading bank is looking for an experienced KYC - AML Analyst to join the team.

Duties & Responsibilities

The ANALYST will be responsible for reviewing high, medium, and low risk accounts and completion of targets, while ensuring compliance with local laws, rules, regulations, policies, directives, and guidance.

Managing the workflow for the renewal of high risk accounts for branches.

Managing the workflow for new high risk accounts for branches.

Reviewing medium and lower risk accounts as part of the bank's internal policy of reviewing such accounts (REKYC).

Co-ordinating and maintaining appropriate working relationships with all key stakeholders in the bank directly related to customer accounts, i.e., branch managers, relationship managers, and compliance personnel.

Preparing enhanced due diligence (EDD) and customer due diligence (CDD) reports.

Conducting review and EDD for PEP accounts.

Reviewing the validity of documents for clients for CDD and EDD reports.

Communicating with compliance on progress on CDD and EDD.

Dealing with matters arising from CDD and EDD.

Desired Experience & Qualification

3 years' experience in a compliance/regulatory position in a banking environment.

LLB qualification or similar, and other compliance-related courses/qualifications.

In-depth understanding and knowledge of FIC Act, regulations, directives, etc., and other applicable legislation impacting banks.

Strong knowledge of industry protocols and best practices.

Package & Remuneration

Market related.