Job Description

Purpose of the Job

The purpose of the Junior Compliance Officer role is to support the compliance team with maintaining and embedding a culture of compliance across the business unit. The role assists in ensuring that applicable legislation is being complied with by staff across the business unit. The Junior Compliance Officer is an enabling role that assists the compliance team with transaction monitoring and customer account activations. The role also works closely with the Compliance Officer in executing tasks that align with the compliance mandate.

Job Objectives

Continuous monitoring of transactions and clients for fraudulent, suspicious, unusual, or terrorist related activities. Ensure that all FICA documents are received for customers and that documents are accurate and valid. Ensure that customer details on the Shoprite Money Transfers system are up to date. Perform Ongoing Customer Due Diligence on customers including customer FICA refreshes. Proactively seek ways to continuously improve and refine the portfolio compliance processes. Attend to portfolio compliance discrepancies and partake in meetings and discussions. Assist with further investigation into flagged transactions. Support with general Compliance related duties where required. Address ad hoc portfolio compliance queries from the business. Maintain central records and registers to a high standard.

Qualifications

Matric/Grade 12 - (essential). B.Com Law Degree or equivalent - (beneficial).

Experience

+1 years' experience in a Legal Office and/or financial Compliance support capacity in Group Governance and Compliance team with specific exposure to governance, compliance and risk practices within the context of Group wide frameworks, policies, procedures and guidelines -(essential). Experience in a Financial environment - (beneficial).

Knowledge and Skills

Understanding of Anti-Money laundering and terrorist financing legislation and regulations - (essential). Exposure to applying King IV principles, relevant laws, regulations and best practices as they relate to the Group and specific business areas - (beneficial). Understanding and exposure to creating and managing compliance related knowledge assets for alignment, learning and guidance (central repository) - (beneficial).

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