Regulatory Officer at QES

About the position

My client based in Cape Town (North) is currently looking for a AML Analyst to join them on an independent contract basis

The role is situated within the AML Central Department and involves overseeing operational responsibilities that align with the AML Regulatory framework. In this critical business position, your responsibilities will include managing day-to-day tasks across all aspects of the b AML/KYC business client identification and operational processes.

AML Ongoing Due Diligence/ Trigger events / Termination / Escalations:

• Conducting client due diligence checks on existing clients, determining the necessary level of scrutiny to comply with Anti-Money Laundering Regulations.
• Collaborating with various stakeholders across the business to ensure timely updates to client identification and accurate documentation of changes in ownership structure and beneficial ownership.
• Verifying KYC documentation.
• Compiling AML Refresh Packs and submitting them for approval.
• Utilizing internal and external databases for research and due diligence purposes.
• Identifying, investigating, and escalating potential and confirmed Politically Exposed Persons and other high-risk entities.
• Conducting enhanced due diligence searches for clients and principals associated with high-risk clients.
• Handling termination functions as part of operational duties.
• Managing annual data maintenance functions.
• Ensuring operational adherence to FICA regulations.
• Implementing AML processes and procedures in accordance with the Risk Management Compliance Plan and regulatory requirements.

Client Onboarding / Client Updates:

• Conducting quality assurance checks on AML packs submitted for new clients to ensure compliance with CDD requirements.
• Entering client KYC data into ORMS.
• Clearing and investigating ORMS and SIRON dashboards.
• Verifying the completion of client risk assessments.
• Validating KYC documentation.
• Identifying, investigating, and escalating Politically Exposed Persons.
• Performing enhanced due diligence searches for clients and principals associated with high-risk clients.
• Ensuring operational adherence to FICA regulations.

If you meet these requirements and would like to apply, send an updated cv to [Email Address Removed]

Desired Skills:

• KYC
• AML
• CDD
• Money Laundering

Desired Work Experience:

• 2 to 5 years

Desired Qualification Level:

• Grade 12 / Matric