KYC | AML Assistant

Watershed Consulting; Durban; On-site; ZAR 350,000 - 450,000; Full time

Job summary

A leading compliance consultancy is looking for an AML / KYC Analyst at the assistant level in Durban. The candidate will be responsible for account reviews, conducting due diligence, and working closely with various stakeholders to ensure compliance with regulations. Applicants should have 1–3 years of experience in a banking compliance environment and a strong understanding of related legislation. Strong communication and attention to detail are essential for this role.

Qualifications

• 1–3 years experience in compliance or regulatory position within a banking environment.
• Strong understanding of the FIC Act and related regulations.
• Familiarity with legislation impacting banks.

Responsibilities

• Review high, medium, and low-risk accounts for compliance.
• Conduct periodic REKYC reviews for risk accounts.
• Manage workflows for high-risk accounts onboarding.
• Conduct Enhanced and Customer Due Diligence.

Skills

Attention to Detail

Strong Communication

Due Diligence

Compliance

Banking

Education

LLB or similar qualification

Job description

Overview

Job Title: AML / KYC Analyst (Assistant Level)

Department & Reporting

Department: Operations

Reports to: Head of Operations (with dotted line to Compliance)

Qualifications & Skills

• Experience: 1–3 years in a compliance / regulatory position within a banking environment


• Education: LLB (or similar qualification) plus compliance-related courses


• Knowledge: Strong understanding of the FIC Act, related Regulations, Directives


• Familiarity with legislation impacting banks


• Industry protocols and best practices


• Attributes: High attention to detail, strong communication, ability to coordinate across teams

Key Responsibilities

• Account Reviews: Review high, medium, and low-risk accounts (in line with targets and local compliance requirements)


• Conduct periodic REKYC reviews for medium and low-risk accounts


• High-Risk Accounts: Manage workflows for renewal and onboarding of high-risk accounts for branches


• Due Diligence: Conduct Enhanced Due Diligence (EDD) and Customer Due Diligence (CDD), including PEP accounts


• Validate client documents for accuracy and compliance


• Prepare detailed CDD and EDD reports


• Stakeholder Coordination: Work closely with Branch Managers, Relationship Managers, and Compliance


• Communicate with Compliance on progress, findings, and arising matters


• Skillset Required: Due Diligence, Attention To Detail, Compliance, Banking