KYC - AML Analyst Market related

Watershed Consulting • Other • Durban, KwaZulu-Natal, South Africa • $200 - $300 / year • 1w ago

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 to local laws, rules and regulations and policies, directives and guidance.
Manage the work flow of the renewal of high risk accounts for Branches.
Manage the work flow of new high risk accounts for Branches.
Review of medium and lower risk accounts as part of the Bank’s internal policy of reviewing such accounts (REKYC).
Co-ordinate and maintain appropriate working relationship with all key stakeholders in the bank directly related to customer accounts i.e. Branch Managers, Relationship Managers and Compliance.
Prepare Enhanced Due Diligence and Customer Due Diligence Reports.
Conduct review and EDD for PEP accounts.
Review validity of documents for clients for CDD and EDD Reports.
Communicate with compliance on progress on CDD and EDD.
Deal 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

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