Senior Compliance Officer (AML/KYC)

Placements24; Richards Bay; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary

Hybrid work

Career development

Medical aid

Retirement contributions

Job summary

Placements24 is seeking a Senior Compliance Officer with AML/KYC expertise for a hybrid role based in Richards Bay, KwaZulu-Natal. The role focuses on developing and managing robust AML/KYC programs, conducting investigations, and advising business units to ensure adherence to regulatory standards.

The ideal candidate will have a minimum of 5 years in a compliance role within banking/finance, strong knowledge of POCA and FICA, and a CAMS certification is highly preferred.

Qualifications

• 5+ years of experience in a compliance role with AML/KYC focus.
• Strong knowledge of SA financial crime legislation (POCA, FICA) and international AML standards.
• Proven ability to conduct investigations and prepare regulatory reports.
• Excellent written and verbal communication skills.

Responsibilities

• Develop, implement, and maintain AML and KYC policies and procedures.
• Oversee customer onboarding with due diligence and risk assessments.
• Monitor transactions for suspicious activity and prepare STRs as required.
• Manage regulatory filings and reporting to authorities.

Skills

AML/KYC knowledge

Investigations

Regulatory reporting

Analytical skills

Communication skills

Education

Bachelor's degree in Law, Finance, Business Admin, or related field

CAMS certification

Job description

About the Role

Our client, a well-established financial institution, is seeking a highly competent Senior Compliance Officer with expertise in Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations. This role, based in the vibrant coastal city of Richards Bay, KwaZulu-Natal , will be instrumental in ensuring the company adheres to all relevant compliance laws and industry best practices. The Senior Compliance Officer will be responsible for developing, implementing, and managing robust AML/KYC programs, conducting investigations, and providing guidance to business units. This is a critical role that requires a sharp eye for detail, a deep understanding of financial crime risks, and strong investigative skills.

Key Responsibilities

• Develop, implement, and maintain effective AML and KYC policies and procedures.
• Oversee the customer onboarding process, ensuring thorough due diligence and risk assessments are conducted.
• Monitor transactions for suspicious activity and conduct investigations, preparing Suspicious Transaction Reports (STRs) as required.
• Manage regulatory filings and reporting to relevant authorities.
• Conduct periodic compliance risk assessments and audits.
• Provide training and guidance to staff on AML/KYC regulations and best practices.
• Stay updated on changes in legislation and regulatory guidance related to financial crime.
• Liaise with regulatory bodies and law enforcement agencies during investigations.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 5 years of experience in a compliance role, with a strong focus on AML and KYC within the banking & finance sector.
• In-depth knowledge of South African financial crime legislation (e.g., POCA, FICA) and international AML standards.
• Proven experience in conducting complex investigations and preparing regulatory reports.
• Strong analytical and critical thinking skills.
• Excellent written and verbal communication skills.
• Professional certifications such as CAMS (Certified Anti-Money Laundering Specialist) are highly preferred.
• Ability to work independently and as part of a team in a dynamic environment.

Benefits

• Our client offers a competitive salary package, commensurate with experience, and a comprehensive benefits plan including medical aid and retirement contributions.
• This hybrid role, located in beautiful Richards Bay, KwaZulu-Natal , provides the flexibility to balance office-based collaboration with remote work.
• Opportunities for professional development and career advancement within a reputable financial institution are readily available.
• Be part of a team dedicated to upholding the highest standards of integrity and compliance.