Zandile Ednah Zondi
Compliance Analyst
5025 Troye Peak, Lenasia South, Ext 4
Summary
A highly skilled compliance professional with extensive experience in anti-money laundering (AML), risk management, and regulatory compliance. Proficient in managing client risk assessments, performing Enhanced Due Diligence (EDD), and ensuring adherence to critical regulations, including FICA, POPI, FAIS, and RMCP. Expertise in investigating and clearing fraud alerts and sanction screening issues using advanced tools like Fircosoft and Nice Actimize. Demonstrated ability to manage high-risk clients, conduct regulatory reporting, and ensure compliance with both internal policies and external legislative requirements. Strong collaborator with experience guiding teams on compliance issues, performing detailed data analysis, and maintaining high standards of data integrity. Known for effective escalation management, time-sensitive reporting, and a proactive approach to mitigating financial and regulatory risks.
Overview
16
16
years of professional experience
2016
2016
years of post-secondary education
Work History
Compliance Quality Assurance Analyst
Sasfin Bank
Sandton
06.2024 - Current
- Main purpose of the job is to implement all aspects of quality assurance and compliance within Business & Commercial Banking with Business Compliance, Group Compliance, Operations and Client Services
- Ensure that all products and services meet all relevant regulatory standards in line with Sasfin Banks implemented policies
- Understand BCB, its policies and procedures and assist in the enhancement of the same based on prevailing legislative and processes changes:
- FICA AML (Anti Money Laundering) Policies
- 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
- Fraud monitoring and assessing fraud trends (card and transactional accounts)
- Monitoring adherence to data quality standards
KYC Senior Analyst
Deutsche Bank
01.2021 - 04.2023
- Company Overview: Deutsche Bank South Africa
- Provide active support to the respective Business units of Deutsche Bank South Africa on the Know Your Client (KYC) Process
- This includes execution of the Global and Local KYC requirements and to facilitate services on processes that are complex, variable in nature, requires high level of accuracy and could be time-dependent
- Responsible for ensuring timely, complete and accurate processing of relevant KYC information, including performing all relevant controls
- Responsible for end-to-end KYC profile of a legal entity or group client complex
- Conduct peer quality assurance review to improve quality on files prepared by other Analysts
- Getting familiar with the DB KYC framework, which includes policy, standards, desk-top procedures and other artifacts
- Processing KYC files end-to-end
- Pro-active interaction with internal teams (Coverage, AFC) and clients of the bank to ensure adequate delivery and timely resolution of issues
- Highlight and escalate operational and other risks to management
- Assisting with execution of audits, escalations, and investigations on KYC issues, where appropriate
- Execution delivery against internal and external agreed SLA's
- Deutsche Bank South Africa
- Reason for leaving: Retrenchment
- Education, Knowledge and Working Experience: Bachelor’s degree
- Knowledge of AML and KYC policies
- Knowledge of legal entity structures
- Ability to reach out and work independently with cross-functional team members in a matrix environment across the entire DB organization
- Experience with Microsoft Office Suite with advanced knowledge of Excel (Macros, Pivots, Lookups, etc.) and Power Point
- Ability to work with strict deadlines to satisfy our clients
Team Leader: FICA
Nedbank Ltd
01.2015 - 08.2020
- Intensive knowledge of FICA Requirements for different types of entities
- Intensive knowledge of FICA Requirements for different types of Correspondent Banks
- Ensure the validation function on KYC/FICA both in the context of business as usual and remediation
- Liaise with front line relationship managers regarding sourcing documents from clients
- Ensure that all Nedbank CIB Client records are optimally managed and maintained
- Ensure that all exceptions are managed & resolved within agreed SLA's
- Capturing of data
- Comparison of information and third-party verification to ensure that the information is accurate
- Assist in managing remediation of FICA/KYC within prescribed deadlines in order to comply with SARB requirements
- Assist in managing risk profiling process of clients by preparing, collecting and auctioning information with regards to risk acceptances for High-Risk clients identified
- Conduct an intensive Enhanced Due Diligence on all High-Risk Entities i.e
- World Check, identify PEP’s, sanctions screening and prepare EDD’s to be presented to the High-Risk Committee
- Reason for leaving: Business Venture
- Management Tasks: Team Leader
- Assist in managing risk profiling process of clients by preparing, collecting and auctioning information with regards to risk acceptances and EDD's for high-risk clients identified
- Building and Maintaining relationship with the stakeholders
- Performing quality assurance on the work done by FICA analysts, to improve quality
- Manage performance of staff by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and take appropriate corrective action where required
- Mentor and coach staff on identified performance gaps by discussing these performance gaps and agree on appropriate action to be taken
- Motivate staff to perform and contribute to the success of the business by creating environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision making processes
- Ensure self and staff understand and embrace the Nedbank Vision and Values by leading by example and re-enforcing values during meetings
KYC Reviews Analyst
Standard Bank
06.2011 - 01.2015
- Make thorough research on Corporate Banking Clients by analysing the validity and nature of the business
- Ensure the company exists and that it's registered with the country company's registry
- Conduct an intensive Enhanced Due Diligence on all High-Risk Entities i.e
- World Check, identify PEP’s, sanction screening and prepare EDD’s to be presented to the High Risk Committee
- Analyse, and evaluate required KYC information on banking Correspondent Banks
- Validate the customer’s business purpose and legitimacy and analyse any transactions that appear unusual based on the customer’s profile
- Provide detailed report of the due diligence performed
- Provide next step recommendations to KYC Management, escalate issues as appropriate
- Interact with clients, Relationship Managers, Business Managers and Transactional Bankers to obtain required information
- Recording of daily stats to measure performance
- Reason for leaving: Career Growth
Customer Due Diligence Analyst
Standard Bank of South Africa
03.2009 - 06.2011
- Ensuring KYC due diligence reviews is undertaken to the required quality and detail on a timely basis
- Ensure documents are indexed and loaded in the image system
- Perform research via internal and external sources, gather and analyse documentation in accordance with regulatory and KYC requirements
- Working effectively with key stakeholders using strong influencing skills to ensure mutually satisfactory resolution of key issues and the respective responsibilities are understood and discharged
- Working in a pressurized, time sensitive environment
- Reason for leaving: Career Growth
Education
LLB -
University of South Africa
BCOM Accounting and Business Management Degree - undefined
University of Johannesburg
Grade 12 - English First Language, Afrikaans Second Language, Accounting, Mathematics, Biology, History
Silver Oaks Secondary School
Skills
Compliance Knowledge and Regulatory Expertise
Risk Management and Due Diligence
Investigative and Analytical Skills
Communication and Guidance
Time Management and Reporting
Technology and Systems
Decision-Making and Escalation
Detail-Oriented and Analytical Mindset
Own Vehicle
True
Personal Information
- ID Number: 8405030777083
- Driving License: Code 8
Timeline
Compliance Quality Assurance Analyst
Sasfin Bank
06.2024 - Current
KYC Senior Analyst
Deutsche Bank
01.2021 - 04.2023
Team Leader: FICA
Nedbank Ltd
01.2015 - 08.2020
KYC Reviews Analyst
Standard Bank
06.2011 - 01.2015
Customer Due Diligence Analyst
Standard Bank of South Africa
03.2009 - 06.2011
BCOM Accounting and Business Management Degree - undefined
University of Johannesburg
Grade 12 - English First Language, Afrikaans Second Language, Accounting, Mathematics, Biology, History
Silver Oaks Secondary School
LLB -
University of South Africa
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