BEULYNE MANDY LEONORE ADAMS
Meredale
Summary
Results-driven Compliance QA Analyst with extensive experience in the Banking sector, excelling in regulatory compliance and risk management. Demonstrated integrity and attention to detail while implementing effective AML strategies, ensuring adherence to FICA and POPI regulations. A dedicated team player committed to enhancing client service and achieving compliance excellence.
Overview
18
18
years of professional experience
Work History
COMPLIANCE QA ANALYST
SASFIN BANK LIMITED
07.2024 - Current
- Analyze BCB policies and procedures to ensure compliance with legislative changes in FICA AML.
- RMCP (Risk Management and Compliance Programme)
- FAIS (Financial Advisory and Intermediary Services) Policy
- POPI (Protection of Personal Information) Policies.
- Responsible for FICA signoff for all new clients and the ongoing maintenance and reviews of such accounts which have been risk rated as low and medium risk
- Responsible to review and collate all high-risk clients for all new and the ongoing reviews and administer sign off from Compliance Officers and relevant Committees (High-Risk Committee)
- Perform Enhanced Due Diligence on potential, new and existing clients as and when required
- Assist in the monitoring and management of Cash threshold reporting, Suspicious transaction reporting and any other reporting as and when required
- Ensure that all the regulatory requirements and reporting obligations within the compliance monitoring plan are being complied with
- Respond, monitor, and perform EDD on Section 27’s and Subpoenas from the FIC
- Respond and provide guidance to business regarding any FICA queries
- Second level of Escalations and investigations of Payment screening (Fircosoft)
- Investigating, reviewing, and clearing overnight sanction screening alerts (Nice Actimize)
- Investigating, reviewing and clearing alerts on the Fraud Management Systems
- Approving after reviewing for data quality and accuracy of Transactional Banking payments over a specified limit
- Monitoring adherence to data quality standards
- Assist staff with dispensation requests
- Ensure all breaches identified are monitored, reported, escalated to relevant person/s & Committee/s and corrective actions are taken
- WLF Screening – level 2 investigation and liaison between business and business compliance
- POPIA implementation
EXCHANGE CONTROL OFFICER
GROBANK LIMITED
01.2018 - Current
- To provide SABA with all its Exchange Control requirements, in order to ensure the efficient provision of the Bank's Exchange Control compliance services to the Bank's clients
- To support the Customers, Suite network and the Bank with all their exchange control requirements and to be the Exchange Control contact point with the Financial Surveillance Dept
- Of the SA Reserve Bank
- Assist in adhoc Compliance Department requirements
- Directly responsible for the Exchange Control Function of the Bank
- Compliance of the reporting of Cross-Border Flow of BOPCUS, BOPCARD, Non-Resident, and Interbank submission from and end-of-chain reporting
- Compliance of Exchange Control requirements per the current Exchange Control Regulations and Rulings
FOREIGN EXCHANGE SENIOR SUPPORT – RELEASE OFFICER
SASFIN BANK LIMITED
07.2023 - 07.2024
- Attends to the final release/final authorisation of foreign exchange transactions accurately, timeously and according to laid down processes (OTT/ITT/EFT)
- Ensure compliance to industry regulations with all payment instructions with a thorough understanding of Exchange Control Rulings and Regulations
- Responsible for the oversight of the team to safe keeping documentation related to processes accounts
- Responsible for daily monitoring of various reports and escalation of any adverse data, suspicious transactions or suspicious activity on client accounts
- Provide external and internal stakeholders with updates and reports
- Authorise financial transactions on Enterprise and Calypso (Outward TT payments; Journals; EFT’s)
- Manage all Forex Operations team and ensure queues are continuously cleared according to currency cut off times
- Ensure that transaction documents are correctly processed and cleared in Dynamics daily
- Daily feedback and updates on the recons outstanding within 24 hours of receiving the unreconciled items
- Ensure the relevant queues in Calypso and Swift are clear throughout the day and ensure all queues are cleared by providing an end-of-day report at the end of each business day
- Approve Transaction Banking Payouts for internal divisions
- Ensure all unutilised trades are reported to the Forex Dealers within currency cut off times
- Authorise manual payments related messages on SWIFT
- Ensure that transactions are correctly reported on BopCus and that any escalations to Excon are done so immediately after identifying the need for further escalation
COMPLIANCE OFFICER
SASFIN BANK LIMITED
02.2023 - 06.2023
- Responsible for the monitoring and reporting of all the assigned compliance including Exchange control and AML reports pertaining to BBB
- Provide management with reasonable assurance of the legitimacy of all transactions and validity of applications received
- Responsible for monitoring fraud reports and to escalate to management if and when any fraudulent activity is detected
- Perform Enhanced Due Diligence on potential, new and existing clients as and when required
- Provide a professional and efficient administration service and work effectively with other departments to resolve client queries
- Assist in the monitoring and management of Cash threshold reporting, Suspicious transaction reporting and any other reporting as and when required
- Investigate, assesses, and resolve queries pertaining to BBB in a timeous manner
- Ensure that all the regulatory requirements and reporting obligations are being complied with
- Understand BBB, its policies and procedures and assist in the enhancement of the same based on prevailing legislative and processes changes
- Continuously increase and improve product and system knowledge as well as introducing auto workflows to processes
- Assist in the monitoring of compliance to policies, legislation and regulation within BBB
EXCHANGE CONTROL OFFICER
ACCESS BANK LIMITED
07.2022 - 12.2022
- Exchange Control and BOP Reporting
- In-depth knowledge of Exchange Control Rulings and Regulations
- Update and maintain and draft Exchange Control applications
- Update and maintain Emigration facilities
- Implement Exchange Control diary procedures
- Cross Border reporting (BOP, BOPCARD, Non-Resident reporting) – from source to end
- Foreign exchange procedures to effectively manage Exchange Control requirements
- Good understanding of all regulatory requirements prevalent to banking products, e.g
- FIC, Sanctions listing, etc
- Ability to handle conflict with clients
- Attend ad-hoc client/ regulatory meetings
EXCHANGE CONTROL OFFICER
ICICI BANK LIMITED
09.2020 - 06.2022
- Exchange Control Management
- Oversees and directs processes, procedures, and practices with the Exchange Control Team to achieve smooth operations and control
- Supervises transactions in line with Exchange Control regulations and processing times, to ensure these are accurately screened and reported
- Guarantees compliance to ICICI South Africa requirements by aiding with identifying and implementing strategies for successful Exchange Control
- Helps to monitor and report financial flows and transactions, of both inward and outward flow of CFC and non-resident accounts
- Shows a strong understanding of the nature of transactions, obtaining and evaluating supporting documents in cross-border transactions
- Utilises the FINSURV system UAT testing with the South African Reserve Bank (SARB) Action, ensuring that Exchange Control ruling revisions are implemented in a timely manner, as required, and according to standard
TEAM LEADER: EXCHANGE CONTROL REPORTING & IVS
MERCANTLIE BANK LIMITED
10.2017 - 09.2018
- Comply with the bank’s policies and procedures
- Comply with external statutory and regulatory bodies, i.e
- Financial Intelligence Centre, South African Reserve Bank, Financial Services Board, PASA, Money Laundering Act, etc
- Compliance with departmental policies and procedures that may be introduced and/or amended from time to time
- Verify compliance with exchange control and FICA in all treasury transactions and relationships with existing and new clients
- Compliance with the Cross Border Flow Foreign Exchange transaction reporting requirements
- Assist managers and staff with requests and queries; Provide assistance and advice in respect of department related products to internal and external customers within 24 hours
EXCHANGE CONTROL CONSULTANT
SASFIN BANK LIMITED
08.2016 - 09.2017
- Comply with the bank’s policies and procedures
- Comply with external statutory and regulatory bodies, i.e
- Financial Intelligence Centre, South African Reserve Bank, Financial Services Board, PASA, Money Laundering Act, etc
- Check transactions for compliance in terms of the Exchange Control Rules and regulations
- Check the requirements for specific Exchange Control Applications (ECA) and prepare Exchange Control Applications
- Liaise with internal and external clients in respect of Exchange Control issues
JUNIOR CREDIT RISK REPORTING ANALYST
BIDVEST BANK LIMITED
02.2014 - 08.2016
- Preparation of Daily Reports
- Credit Limit and Sector Classifications Review against OPICS and CRM (In-house Systems)
- Loan Activations and Document Vetting
- Completion of Risk Reports, Credit BA Returns
- Updating of FX Facility Covenants
PROCUREMENT & ADMINISTRATION ASSISTANT
SPECIALISED HANDLING & ENGINEERING (PTY) LTD
07.2012 - 03.2013
- Receive and Review each Requisition for Completeness, Select Reliable Sources
- Request Bids as Necessary, Evaluate Quotations and make Final Supplier Selections
- Assure all Requirements and Special Terms and Conditions are Met
- Participate in Negotiations with Suppliers, Filing
- Provide Complete and Accurate Status Reports on Requests
EXCHANGE CONTROL CONSULTANT
BIDVEST BANK LIMITED
02.2009 - 06.2012
- Daily Reporting of Foreign Exchange to the Reserve Bank
- Entering/Authorising Cash Passports
- Capturing Telegraphic Transfers (TTS)
- Entering all Forward Exchange Contracts minimize the Risk Faced by the Bank Due to Forward Contracts Established with Corporate Clients
- Follow up on Outstanding Cash Cover Agreed Upon as per the Facility Letter
FINANCIAL/ OFFICE ASSISTANT
REMAX ONE HUNDRED
01.2007 - 10.2008
- Entering and Paying Bills on Quick Books, Reconciling the Bank
- Filing, Data Capturing
- Reception and Relief Duty on the Switchboard
- Arranged Social Events
Education
Fundamentals of Project Management -
Mil Park Business School
01.2012
Baccalaureus Technologiae - Mangement Services
University of Johannesburg
10.2011
National Diploma - Management Services
University of Johannesburg
05.2008
Grade 12 -
Mondeor High School
12.2003
Skills
- Team Player
- Good Leadership Skills
- Responsible
- Knowledge of MS Office
- Attention to detail
- Accountability
- Ability to adjust to new situations
- Dedicated and Determined
- Client service
- Solution orientated
- Integrity
References
References available on request.
Languages
English
First Language
Timeline
COMPLIANCE QA ANALYST
SASFIN BANK LIMITED
07.2024 - Current
FOREIGN EXCHANGE SENIOR SUPPORT – RELEASE OFFICER
SASFIN BANK LIMITED
07.2023 - 07.2024
COMPLIANCE OFFICER
SASFIN BANK LIMITED
02.2023 - 06.2023
EXCHANGE CONTROL OFFICER
ACCESS BANK LIMITED
07.2022 - 12.2022
EXCHANGE CONTROL OFFICER
ICICI BANK LIMITED
09.2020 - 06.2022
EXCHANGE CONTROL OFFICER
GROBANK LIMITED
01.2018 - Current
TEAM LEADER: EXCHANGE CONTROL REPORTING & IVS
MERCANTLIE BANK LIMITED
10.2017 - 09.2018
EXCHANGE CONTROL CONSULTANT
SASFIN BANK LIMITED
08.2016 - 09.2017
JUNIOR CREDIT RISK REPORTING ANALYST
BIDVEST BANK LIMITED
02.2014 - 08.2016
PROCUREMENT & ADMINISTRATION ASSISTANT
SPECIALISED HANDLING & ENGINEERING (PTY) LTD
07.2012 - 03.2013
EXCHANGE CONTROL CONSULTANT
BIDVEST BANK LIMITED
02.2009 - 06.2012
FINANCIAL/ OFFICE ASSISTANT
REMAX ONE HUNDRED
01.2007 - 10.2008
Fundamentals of Project Management -
Mil Park Business School
Baccalaureus Technologiae - Mangement Services
University of Johannesburg
National Diploma - Management Services
University of Johannesburg
Grade 12 -
Mondeor High School
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