Compliance Specialist

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.
  

Competencies:

• 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.
  

Benefits

R700k - R850k p/a (Room to negotiate)