Job Description

Compliance SpecialistA leading bank 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 requirementsConduct compliance training as per the compliance training plan, when requiredConduct compliance monitoring and testing, including providing recommendations and actions plansAssist in filing of Cash threshold reports to the FIC on the goAML platformAssist in managing all projects relating to the reporting to the FICConduct investigations and file STRs/SARS to FIC on the goAML platformReview and recommend for approval the opening of all high risk accounts and reporting thereofReview and approve Re-KYC of high risk accounts and the EDD review memosReviewing and closing of transaction monitorsPrepare and submit monthly and quarterly reports to management on STR/SARS filed, high risk accounts, frozen accounts and the compliance monitorsRegularly review the Compliance Monitors functioning, quality of commentary and timeliness of clearingUpdating and managing SWIFT KYC RegistryBenefits24 days of annual leave per annumProvident FundMedical Aid13th ChequeThe 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 financial services institutionLegal/finance qualification/or similar and other compliance related courses/qualificationsIn-depth knowledge of the FIC Act including all sub-ordinate legislation and FAIS Act including all subordinate legislation is essential.Skills Compliance, Banking, Swift

Watershed Consulting