KYC -AML Analyst at Watershed Consulting

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 Bank’s 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.