Overview

MCA: Compliance and Fraud Officer Jobs in Cape Town, South Africa at GoTyme Bank

Overall Purpose of the Role

This role is primarily responsible for the execution of KYC, compliance and related fraud prevention activities across the Business Advance portfolio.

The role ensures accurate and timeous customer due diligence, enhanced due diligence, sanctions screening, transaction review, queue management and control execution in support of FICA, KYC, KYB, AML, sanctions and RMCP requirements, while supporting the investigation of referred fraud matters.

Experience and Skills Required

  • Previous experience in KYC, KYB, CDD, EDD, AML, sanctions screening, suspicious transaction monitoring or operational compliance within financial services will be advantageous.
  • Exposure to fraud operations or fraud investigations within financial services will be advantageous.
  • Experience in SME lending, merchant cash advance, business banking, credit risk or credit underwriting will be advantageous.
  • Working knowledge of FICA, KYC, KYB, CDD, EDD, AML, sanctions screening, RMCP and related operational controls.
  • Proficiency in Salesforce and Microsoft Office, particularly Excel, Word and PowerPoint.
  • Strong document review, research, tracing and verification skills, including the use of online tools and publicly available sources.
  • Ability to work under pressure, manage competing priorities and meet agreed deadlines.
  • Good written and verbal communication skills, including case notes, reporting and stakeholder engagement.
  • Working knowledge of AI-enabled and data analysis tools to improve efficiency, insight and reporting.

Core Competencies

  • Accuracy and attention to detail
  • Integrity, discretion and accountability
  • Problem-solving and decision-making ability
  • Stakeholder management and collaboration
  • Planning, prioritisation and delivery under pressure
  • Strong sense of accountability and ownership

Qualifications Required

  • Matric essential.
  • Relevant diploma, certificate or completed training in Compliance Management, AML, Financial Crime, Fraud Risk Management or related fields will be advantageous.
  • Relevant tertiary qualification in Finance, Risk, Compliance, Criminology, Forensic Investigation, Law or a related field will be advantageous.

Responsibilities

  • Compliance, KYC, AML and sanctions
  • Review and validate customer and business information to ensure compliance with KYC, KYB, CDD, EDD, AML, sanctions and RMCP requirements.
  • Conduct due diligence on merchants, beneficial owners and related parties, including document verification, bank checks, CIPC checks and other relevant screening.
  • Conduct enhanced due diligence where required, including source of funds, address verification and beneficial ownership checks.
  • Perform sanctions and PEP screening on customers, merchants and related parties against local and international watchlists.
  • Investigate and resolve screening matches, alerts and exceptions within agreed turnaround times.
  • Monitor applications and transactions for suspicious or unusual activity and elevate matters for further review or reporting where required.
  • Identify red flags in customer profiles or documentation and elevate suspicious or unusual activity for further investigation or decision‑making.
  • Liaise with clients, partners, sales teams and other relevant stakeholders to obtain information or documents required to complete compliance reviews.
  • Maintain accurate KYC and compliance records and ensure adherence to data privacy and record‑keeping requirements.
  • Manage KYC and remediation queues timeously to prevent delays to onboarding, deal processing and disbursement.
  • Escalate high‑risk customers, sanctions concerns, AML concerns and reputational risk matters in line with internal procedures.
  • Support internal remediation, QA and control requirements relating to KYC and compliance activities.

Fraud Prevention, Detection and Investigations

  • Review and investigate referred fraud alerts, suspicious applications and transactions, including scams, identity theft, account takeover, document fraud and related cases.
  • Conduct tracing and verification activities, including customer, supplier, rental and counter party checks, where required.
  • Analyse bank statements, identity documents and supporting records to identify inconsistencies, manipulation…

Title: MCA: Compliance and Fraud Officer

Company: GoTyme Bank

Location: Cape Town, South Africa

Category:

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