KYC & Remediation Analyst

Network Finance; Randburg; On-site; ZAR 420,000 - 640,000; Full time

Job summary

Network Finance is seeking a KYC Remediation and Compliance professional to manage remediation cases, conduct enhanced due diligence, and ensure client records align with FICA, AML/CFT, FATCA and CRS requirements. The role focuses on high-risk profiles, PEPs, and ongoing quality assurance within risk-based processes.

You will conduct gap analyses, review client data across internal systems and databases, and prepare SARs when needed, while engaging with advisers and clients to obtain required

Qualifications

• 2–4 years' experience in KYC, client onboarding, AML or compliance within financial services.
• Working knowledge of FICA, RMCP and the Risk-Based Approach.
• Practical understanding of FATCA and CRS requirements and documentation.

Responsibilities

• Review and remediate existing client files in accordance with the Risk-Based Approach (RBA) and RMCP.
• Conduct gap analyses to identify missing or outdated documentation and information.
• Perform customer due diligence (CDD) and enhanced due diligence (EDD) including identity verification, address proof, source of funds/wealth and beneficial ownership.
• Prioritise high-risk, PEP and legal-entity client files.
• Obtain outstanding documentation through client/adviser engagement and manage follow-ups.
• Maintain remediation trackers and provide regular progress reports.
• Ensure FATCA and CRS documentation and tax residency information are accurate.

Skills

Excel & Pivot Tables

Data analysis

KYC/AML knowledge

Stakeholder engagement

Education

NQF Level 6 qualification or equivalent in Finance, Law, Commerce, Compliance

Tools

Internal systems

Commercial databases

Online resources

Job description

This role offers the opportunity to take ownership of remediation cases, work with higher-risk client profiles and contribute to improving KYC processes, systems and controls. The successful candidate will play an important role in ensuring that client records remain compliant with FICA, AML/CFT, FATCA and CRS requirements.

Key Responsibilities

KYC Remediation & Client Due Diligence

• Review and remediate existing client files in accordance with the Risk-Based Approach (RBA) and Risk Management and Compliance Programme (RMCP).
• Conduct gap analyses to identify missing or outdated documentation and information.
• Perform customer due diligence (CDD) and enhanced due diligence (EDD), including identity verification, proof of address, source of funds, source of wealth and beneficial ownership.
• Prioritise high-risk, PEP and legal-entity client files.
• Obtain outstanding documentation through client and adviser engagement and manage follow-ups.
• Maintain remediation trackers and provide regular progress reports.
• Ensure FATCA and CRS documentation and tax residency information are accurate and complete.

Screening & Compliance Monitoring

• Review PEP, sanctions and adverse media screening alerts and investigate potential matches.
• Conduct independent research and due diligence investigations using internal systems, commercial databases and online resources.
• Identify potential compliance red flags and elevate suspicious or unusual activity to the Money Laundering Reporting Officer (MLRO).
• Prepare suspicious activity reports (SARs) and supporting investigation documentation.
• Maintain accurate, complete and audit-ready client records.

Client Accounts & Quality Assurance

• Review new client applications to assess the quality and accuracy of KYC documentation.
• Process client information and account changes within agreed turnaround times.
• Assist with new client applications during peak periods.
• Provide feedback to the applications team on recurring documentation and processing errors.
• Monitor high-risk and PEP accounts and ensure periodic reviews are completed.

Process Improvement & Stakeholder Engagement

• Identify opportunities to improve KYC, onboarding and remediation processes.
• Contribute to KYC automation and system improvement initiatives.
• Assist with testing system changes and new technology developments.
• Engage with internal stakeholders, advisers and clients regarding outstanding applications and remediation cases.
• Keep up to date with regulatory changes, money laundering typologies and industry best practices.

Job Experience and Skills Required

• NQF Level 6 qualification or equivalent in Finance, Law, Commerce, Compliance or a related field.
• 2-4 years' experience in KYC, client onboarding, AML or compliance within financial services.
• Working knowledge of FICA, RMCP and the Risk-Based Approach.
• Practical understanding of FATCA and CRS requirements and documentation.
• Understanding of beneficial ownership requirements for companies and trusts.
• Knowledge of PEP and sanctions screening, AML and anti-bribery and corruption (ABC) policies.
• Experience reviewing KYC documentation and conducting AML-related investigations.
• Strong Microsoft Office skills, particularly Excel, including pivot tables and working with large data sets.
• Experience with data mining, analytical tools or automated KYC solutions would be advantageous.
• Compliance Institute Southern Africa (CISA) or ACAMS certification, completed or in progress, would be advantageous.