Compliance Specialist

Are you a rigorous, detail-oriented compliance professional looking to make a massive impact in a dynamic banking environment? We are looking for a Compliance Specialist to join our Head Office team in Umhlanga. In this role, you will be our frontline defense—guiding branches on AML/CFT and FAIS, investigating financial anomalies, managing FIC reporting, and using your data analytics skills to protect our institution from compliance risk.

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.

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.

R700k - R850k p/a (can negotiate for more)

If you are interested in the position, kindly send through your updated CV to ***email_hidden***