AML Analyst

Introduction

My client based in Cape Town is currently looking for an AML Analyst to join their team on a contract basis.

IT / FINANCE

Responsibilities

• Perform quality assurance checks on AML packs for new and existing clients.

• Conduct KYC/CDD screening, investigations and client risk assessments.

• Monitor AML systems and dashboards and ensure identified risks are addressed.

• Validate and verify client identification and KYC documentation.

• Identify, investigate and escalate PEPs, adverse media and other high-risk individuals or entities.

• Conduct Enhanced Due Diligence (EDD) on high-risk clients and related parties.

• Collaborate with internal stakeholders to ensure accurate and efficient client onboarding.

• Conduct research using internal and external databases to support effective due diligence.

• Oversee AML requirements relating to offshore account openings.

• Conduct ongoing CDD reviews on existing clients in line with AML and regulatory requirements.

• Maintain and update client records, including ownership and beneficial ownership information.

• Compile accurate and complete AML Refresh Packs.

• Investigate and escalate PEPs, adverse media and high-risk entities.

• Perform Enhanced Due Diligence on higher-risk scenarios.

• Manage client termination and exit processes in accordance with risk requirements.

• Support annual data maintenance and client review activities.

• Ensure adherence to FICA regulations and the Risk Management Compliance Plan.

• Monitor ongoing AML activities and proactively resolve identified issues.

• Lead and support AML initiatives and special business projects.

• Identify system and process gaps and implement appropriate improvements.

• Collaborate with the SIG AML Centre of Excellence and Sanlam Group on AML initiatives.

• Support regulatory reporting, including Section 27 requests and fraud-related cases.

• Contribute to knowledge sharing and collaboration across AML teams.

• Ensure operational processes are consistently executed in line with AML and regulatory frameworks.

• Identify opportunities to improve and automate AML processes and procedures.

Qualifications & Experience

• Tertiary qualification in Finance, Commerce, Risk Management, Compliance, Law, or a related field.

• 2–3 years’ experience in AML, KYC, CDD, Compliance, Risk, or Financial Services.

• Working knowledge and practical application of Financial Markets Legislation, particularly FAIS and JSE Rules and Directives.

• Knowledge and experience in FICA/AML requirements.

• Exposure to FATCA, POPIA and Regulation 28 will be advantageous.

• Experience conducting client due diligence, KYC verification, risk assessments and investigations.

• Experience identifying and investigating PEPs, adverse media and high-risk clients/entities.

• Experience working with financial services processes, controls and regulatory frameworks.

• Experience with Microsoft Office Suite, particularly Excel.

• Exposure to AML/KYC systems such as ORMS and SIRON will be advantageous.

• Experience in process improvement, project coordination or system automation will be advantageous.

Competencies

• Analytical and critical thinking.

• Strong attention to detail and accuracy.

• Excellent written and verbal communication.

• Strong problem-solving and decision-making abilities.

• Proactive approach with strong initiative.

• High level of ownership and accountability.

• Excellent organisational and time-management skills.

• Ability to work effectively under pressure and meet deadlines.

• Assertiveness and confidence when dealing with complex or high-risk matters.

• Integrity and willingness to escalate issues when required.

• Strong interpersonal and stakeholder-management skills.

• Collaborative and team-oriented approach.

• Learning agility and intellectual curiosity.

• Adaptability and resilience.

• Customer-focused mindset.

• Innovative and improvement-driven approach.

• Ability to connect information, identify patterns and apply holistic business insight.

If you are ready for the next exciting step in your career, and would like to apply, please send us your updated CV to review