Experience, qualifications and skills:
- 1-3 years experience in a compliance/regulatory position in a banking environment
- LLB qualification/or similar and other compliance related courses/qualifications
- In-depth understanding and knowledge of FIC Act, Regulations, Directives etc and other applicable legislation impacting Banks
- Attention to detail
- Strong knowledge of industry protocols and best practices
Job Description
The ANALYST will be responsible for:
- Reviewing High, Medium and Low risk accounts and completion of targets, while ensuring compliance to local laws, rules and regulations and policies, directives and guidance.
- Manage the work flow of the renewal of high risk accounts for Branches.
- Manage the work flow of new high risk accounts for Branches.
- Review of medium and lower risk accounts as part of the Banks internal policy of reviewing such accounts (REKYC).
- Co-ordinate and maintain appropriate working relationship with all key stakeholders in the bank directly related to customer accounts i.e. Branch Managers, Relationship Managers and Compliance.
- Prepared Enhance Due Diligence and Customer Due Diligence Reports.
- Conduct review and EDD for PEP accounts.
- Review validity of documents for clients for CDD and EDD Reports.
- Communicate with compliance on progress on CDD and EDD.
- Deal with matters arising from CDD and EDD.
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