Compliance Officer

SUMMARY:

We have an exceptional opportunity for a dynamic individual with the right qualifications and experience to be part of the compliance department. This is located in Durban, Mhlanga.

• 5-7 years of experience in a FAIS and AML/CFT role in a banking institution
• Legal/finance qualification/or similar and other compliance related cour...

POSITION INFO:

We have an exceptional opportunity for a dynamic individual with the right qualifications and experience to be part of the compliance department. This is located in Durban, Mhlanga.

• 5-7 years of 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.

• 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.
• Review and approve Re-KYC of high-risk accounts and the EDD review memos.
• 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.
• Regularly review the compliance monitor’s functioning, quality of commentary and timeliness of clearing.
• Updating and managing SWIFT KYC Rrgistry.