CIS KYC Officer

Apex Group

Bellville, Cape Town
Permanent
Full-time

1 month ago

The successful applicant will be monitoring Investor KYC, resolution and implementation.Outline of main duties and responsibilitiesThe main responsibilities of the role will be:

Ability to communicate with a variety of individuals on all levels in order to obtain and confirm information
Liaise with client services, LISP, Dealing and compliance teams
Work effectively in a team
Conduct ad hoc and periodic reviews on existing client population.
Review all BCI investors for FICA Compliance and FICA risk profiling compliance on a regular basis in terms of BCIs RMCP
Identify non-compliant clients
Issue instruction and review the restriction of non-compliant clients
Determine the Ultimate Beneficial Owners (UBOs) of an entity by identifying and analyzing relevant documents, such as share registers, shareholder agreements, trust deeds, partnership agreements, etc.
Obtaining oustanding information by contacting investors , advisors , partners to rectify non-compliant accounts
Assist in the un-restriction of clients who are compliant by issuing instructions to FNZ and reviewing the action.
Follow-up, review, and ensure that information has been processed by FNZ
Review the accounts of investors on an ongoing basis in line with BCI's RMCP policy for ongoing reviews.
Prepare Enhance Due Diligence (EDD) and Customer Due Diligence (CDD) Reports where required.
Deal with matters arising from CDD and EDD
Communicate with compliance on progress on CDD and EDD
Handling and sorting client queries and responses effectively
Liaison with clients/investors, relevant BCI depts and FNZ
Keep abreast of changes in FIC and CIS legislation and how it affects the business and proactively adapt behavior plus communicate to all relevant managers and departments
Report non-compliance to the Head of compliance and propose remedial action
Assist Dealing team in obtaining and completing FICA/KYC documents for offshore fund investments by BCI funds
Attend to daily alerts raised by the onboarding system and action accordingly;
Where required assist with reporting Suspicious Transactions Reports (STRs), Cash Transaction Reports (CTRs) and Terrorist Property Reports (TPRs) to the FIC (including, but not limited to collating information);
Provide assistance to the KYC Manager with any other administrative and compliance-related tasks as assigned.

Skills and experience requiredThe successful candidate will:

B.Comm or legal degree preferably or more than 5 years CIS experience
Relevant experience in client services administration, finance and or compliance
Basic Excel skills is essential;
Basic understanding of unit trusts and investments
FICA legislation and or rules
Accuracy and attention to detail is critical
An ability to work accurately under pressure to meet deadlines;
An ability to take initiative and work independently;
Attention to detail
Ability to communicate effectively at various levels;
An ability to think analytically and identify and solve problems effectively

Reporting structureThe CIS KYC Officer will report to the KYC Manager.Remuneration levelRemuneration will be market related and commensurate with experience and seniority. In addition, the successful candidate will receive a competitive benefits package and be eligible to participate in the firm-wide discretionary bonus scheme.

Apex Group

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