Head of Compliance and Risk Management

Placements24; Willows (CA); Hybrid; USD 97,000 - 145,000; Full time

Benefits offered by this job

Performance-based bonuses

Medical aid and retirement plan

Job summary

Placements24 is partnering with a prominent financial services institution in Welkom, Free State, SA, to appoint a Head of Compliance and Risk Management. This senior leader will develop and oversee the organization’s comprehensive compliance and risk framework, ensuring regulatory adherence and safeguarding assets.

The ideal candidate brings a master’s degree, professional certifications, 8+ years in compliance/risk, and strong SA regulatory knowledge, with a proven ability to lead teams and

Qualifications

• Master's degree in Law, Finance, Business Administration, or related field.
• 8+ years of progressive experience in compliance, risk management, or internal audit in the financial services sector.
• In-depth knowledge of relevant South African financial regulations (FICA, POPIA, Companies Act).
• Proven experience developing and implementing effective compliance programs and risk frameworks.
• Strong leadership, communication, and decision-making abilities.
• Based in or willing to commute to Welkom, Free State (hybrid work possible).

Responsibilities

• Develop, implement, and maintain a robust compliance and risk management program.
• Ensure adherence to all applicable financial laws, regulations, and industry best practices.
• Conduct regular risk assessments, identify potential vulnerabilities, and develop mitigation strategies.
• Oversee the development and implementation of internal controls and policies.
• Manage regulatory examinations and audits, acting as the primary point of contact for regulatory bodies.
• Lead and develop the compliance and risk management team.
• Provide expert advice and guidance to senior management on compliance and risk-related matters.
• Investigate potential compliance breaches and recommend corrective actions.
• Develop and deliver compliance training programs to employees.
• Monitor changes in the regulatory landscape and update policies and procedures accordingly.

Education

Master's degree in Law, Finance, Business Administration, or related field

Job description

About the Role

Our client, a prominent financial services institution with significant operations in Welkom, is seeking an experienced and strategic Head of Compliance and Risk Management. This senior leadership position is responsible for developing, implementing, and overseeing the organization's comprehensive compliance and risk management framework. The ideal candidate will possess a deep understanding of financial regulations, risk assessment methodologies, and internal control systems. You will lead a dedicated team, ensuring adherence to all legal and regulatory requirements, mitigating potential risks, and safeguarding the company's reputation and assets. This role demands a proactive approach, strong analytical skills, and the ability to influence stakeholders at all levels. This is a critical function for our client, ensuring operational integrity and fostering a culture of ethical conduct and robust governance within their Free State operations.

Key Responsibilities

• Develop, implement, and maintain a robust compliance and risk management program.
• Ensure adherence to all applicable financial laws, regulations, and industry best practices.
• Conduct regular risk assessments, identify potential vulnerabilities, and develop mitigation strategies.
• Oversee the development and implementation of internal controls and policies.
• Manage regulatory examinations and audits, acting as the primary point of contact for regulatory bodies.
• Lead and develop the compliance and risk management team.
• Provide expert advice and guidance to senior management on compliance and risk-related matters.
• Investigate potential compliance breaches and recommend corrective actions.
• Develop and deliver compliance training programs to employees.
• Monitor changes in the regulatory landscape and update policies and procedures accordingly.

Requirements

• Master's degree in Law, Finance, Business Administration, or a related field.
• Professional certifications such as CAMS, CRISC, or equivalent are highly desirable.
• Minimum of 8 years of progressive experience in compliance, risk management, or internal audit within the financial services sector.
• In-depth knowledge of relevant South African financial regulations (e.g., FICA, POPIA, Companies Act).
• Proven experience in developing and implementing effective compliance programs and risk frameworks.
• Strong leadership, team management, and communication skills.
• Excellent analytical, problem-solving, and decision-making abilities.
• Experience in managing regulatory relationships and audits.
• High level of integrity and ethical conduct.
• Ability to work strategically and operationally.
• Based in or willing to commute to Welkom, Free State, with potential for hybrid work arrangements.

Benefits

• Our client offers a competitive salary package commensurate with experience and qualifications, along with performance-based bonuses.
• The benefits include comprehensive medical aid, a substantial retirement annuity, and opportunities for professional development, including specialized compliance and risk management certifications.
• Employees will have the chance to work in a dynamic and evolving industry, contributing to the stability and integrity of a leading financial institution.
• This role provides a significant platform for professional growth and leadership within the Free State region.
• Enjoy a flexible hybrid work model that balances office collaboration with remote efficiency.