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A banking institution in Umhlanga is looking for an experienced Compliance Specialist to strengthen its regulatory compliance function. The role blends advisory support, monitoring, investigations and reporting, with a particular focus on anti-money laundering and counter-terrorist financing (AML/CFT) and Financial Advisory and Intermediary Services (FAIS) requirements.
About the company and the work
The opportunity is advertised through Watershed Consulting, a recruitment company offering placement opportunities in Banking, Finance, Call Centre, Information Communication and Technology (ICT), and other sectors. You will work closely with branches and management to identify compliance risks, improve controls and support sound regulatory practices.
Role details and duties
Advise branches: Provide practical guidance to branches on AML/CFT and FAIS obligations.
Train and raise awareness: Deliver compliance training and awareness sessions in line with the training plan.
Monitor and test: Perform compliance monitoring and testing, recommend corrective actions and improvement plans, and regularly assess how effective that monitoring is, including the quality of commentary and follow-up.
Support FIC reporting: Assist with cash threshold reporting to the Financial Intelligence Centre (FIC) through goAML, and support projects relating to FIC reporting requirements.
Investigate and report: Investigate suspicious activity and submit suspicious transaction and activity reports through goAML. Assess high-risk account applications, make approval recommendations and complete related reporting. Review and close transaction monitoring alerts, ensuring clear commentary and timely resolution.
Report to management: Compile monthly and quarterly management reports covering suspicious activity reports, high-risk accounts and related compliance work.
Analyse data: Use Microsoft Excel to analyse compliance data, investigate anomalies and highlight emerging risks and trends.
Maintain records: Maintain and update the SWIFT KYC Registry.
Requirements
- Five to seven years of experience in a banking compliance role covering FAIS and AML/CFT.
- A qualification in law, finance or a related discipline, supported by relevant compliance courses or further study as shown in the listing.
- Thorough knowledge of the FIC Act and FAIS Act, including their subordinate legislation.
- Strong understanding of AML/CFT, KYC and regulatory compliance requirements.
- Confident presentation and facilitation skills, with the ability to communicate regulatory requirements clearly.
- Strong analytical and investigative ability, supported by sound IT skills and proficiency in Microsoft Excel.
- Excellent attention to detail and accuracy when reviewing complex information.
- Ability to translate compliance findings into clear insights and practical recommendations for management.
Where to find and apply safely
This opportunity is listed on CareerJunction, and the Apply button on this page links to the original listing. Apply only through that original listing, and be cautious of any request for payment in exchange for a job.
Practical tips
- Lead with your banking compliance experience, especially FAIS and AML/CFT work.
- Give examples of monitoring, investigations and goAML reporting you have handled.
- Show how you have advised branches and delivered training in plain, practical language.
- Highlight Excel analysis, attention to detail and clear management reporting.
How the process works
Use the Apply button to reach the original CareerJunction listing and follow its application instructions there.
Important information
This page is informational only. It summarises a third-party job advert and does not guarantee employment. Always confirm the role, location and working arrangement with the advertiser before accepting an offer. No salary is shown here because the pay figure in the listing looks like a placeholder, so confirm pay with the advertiser.
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