Compliance Specialist

7 months ago


Durban, South Africa Watershed Consulting Full time

**Job Description**:
**Compliance Specialist**

A leading international bank with over 50 years of consistent growth globally, is looking for dynamic individual with the right qualifications and experience to be part of the compliance department.

**Responsibilities include**:
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 Registry

**Benefits**

24 days of annual leave per annum

Provident Fund

Medical Aid

13th Cheque

**The following **minimum** requirements must be met **to** be considered for this position**:
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 sub ordinate legislation and FAIS Act including all subordinate legislation is essential.

**Skills**:
Compliance, Banking, Swift



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