Compliance Specialist - Durban, South Africa - Watershed Consulting

Description

Compliance Specialist

A leading international bank with over 50 years of consistent growth globallyis looking for a 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 Monitors 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
• 13^th 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.