Apex Group Careers

CIS KYC Officer – Cape Town

Summary of the position

The successful applicant will be monitoring Investor KYC, resolution and implementation.

Outline of main duties and responsibilities

The 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 BCI’s 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 required

The 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 structure

The CIS KYC Officer will report to the KYC Manager.

Remuneration level

Remuneration 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.

 

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