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Cheril Zanele Jiyane

@cherilzanelejiyane

Risk & Compliance Officer at Rand Refinery, delivering zero findings in its 2024 LBMA Responsible Gold Guidance audit.

At Rand Refinery, I own and execute the KYC and KYP programme for depositors and purchasers, including due diligence, continuous monitoring and client evidence files. I also manage the Sourcing Compliance Risk Management Plan and report material developments to the Head of Sourcing and Client Risk Committee.

I supported external LBMA audits by providing client evidence, policies and procedures and facilitating engagement between EXCO and the audit team. The 2024 LBMA Responsible Gold Guidance Version 9 audit had zero findings; the 2022 audit also had zero findings, and the first 2023 audit under Version 9 had one low-risk deviation.

Earlier, at First National Bank, I developed AML procedures and supported remediation of SARB audit findings, including drafting the final remediation report submitted to the Head of AML for approval and presentation to SARB. My experience also includes second-line compliance assurance at Standard Bank and customer due diligence and KYC work across several banking environments.

Experience

Work history, roles, and key accomplishments

Current

Risk & Compliance Officer

Current

Rand Refinery

Mar 2020 - Present (6 years 7 months)

Own and execute the KYC and KYP programme for depositors and purchasers, including due diligence, continuous monitoring and maintenance of client evidence files. Develop and maintain compliance policies, processes, tools and databases supporting consistent KYC/KYP execution and compliance risk management.

KYC KYP Due Diligence Continuous Monitoring Compliance Policies Risk Management LBMA Audits POPIA Client Risk Committee Regulatory Documentation

Monitoring Business Compliance Officer

Standard Bank

Jun 2016 - Feb 2020 (3 years 8 months)

Provided independent second-line compliance assurance and maintained relationships with business and compliance stakeholders. Conducted in-depth reviews in line with the annual Compliance Monitoring Plan and performed effectiveness and adequacy testing of controls.

Compliance Monitoring Risk Assessment Control Testing Regulatory Compliance Business Readiness Governance and Reporting

Advisor – Customer Due Diligence Controls & AML

Standard Chartered Bank

May 2015 - Jun 2016 (1 year 1 month)

Performed quality assurance on client cases submitted for AML review and monitoring. Provided guidance and procedures for conducting enhanced due diligence on clients.

AML Quality Assurance Enhanced Due Diligence Regulatory Compliance Governance Audit Support

Compliance – Anti-Money Laundering Specialist

First National Bank

Apr 2014 - Apr 2015 (1 year)

Advised FNB business units on AML requirements relating to products, transactions, customer screening and monitoring. Resolved technical deficiencies through interim controls and practical risk-based solutions.

AML Risk Solutions Regulatory Remediation SARB Audit Cash Threshold Reporting FIC Engagement Training

Customer Acceptance Analyst

First National Bank

Jan 2011 - Mar 2014 (3 years 2 months)

Investigated and reported on ad hoc cases to evidence compliance with regulatory requirements. Investigated complex and unique structures and interpreted relevant regulations to support customer acceptance decisions.

KYC Customer Due Diligence Enhanced Due Diligence Sanctions Screening PEP Screening Datanomic EWallet Policy Development

Senior KYC Consultant

Rand Merchant Bank

Jul 2008 - Dec 2010 (2 years 5 months)

Managed and reviewed end-to-end KYC processes in a corporate/investment banking environment. Reviewed and signed off work completed by KYC team members and maintained quality, turnaround and efficiency standards.

KYC Quality Assurance Team Leadership Policy Reviews Regulatory Compliance client due diligence