Compliance Associate

Black Pen Recruitment; Wes-Kaap; Hybrid; ZAR 450,000 - 600,000; Full time

Job summary

A leading company in the financial technology sector is seeking a Compliance Associate to implement risk management and compliance strategies. The role involves collaboration with regulatory teams to ensure adherence to South African laws while managing onboarding and internal compliance procedures. Ideal candidates will possess a Bachelor's degree along with significant experience in financial compliance, particularly in fintech or banking environments.

Qualifications

• 3+ years’ compliance work in fintech, banking, or financial services.
• Proven ability to craft compliance training and produce regulatory reports.
• Experience with KYC/AML onboarding and risk management.

Responsibilities

• Own the full onboarding workflow for merchants, including CDD/EDD checks.
• Monitor regulatory changes and ensure alignment with internal practices.
• Document compliance procedures and conduct internal audits.

Skills

Integrity

Discretion

Communication

Data Analysis

Education

Bachelor’s in Law, Finance, Business

Job description

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Our client is committed to building a financial system that works for all, this includes consumers, merchants, banks, regulators and law enforcement. Fraud and identity are unfortunately still significant challenges for everyone involved in payments and commerce. Our client is committed to combatting this and is building both tools and capabilities to improve its abilities in this space. The Law Enforcement Community (LEC) does a great deal to support the victims of crime and seek out the perpetrators, so our client is looking to build a strong connection with LEC.

Role Overview

The Compliance Associate will play a key role in assisting with the development, implementation, and execution of the risk management and compliance strategy. Through effective collaboration with the Compliance & Regulatory Lead, you will play a key role in solving compliance related issues, and will be responsible for ensuring that our client complies with all relevant regulatory requirements and internal policies.

Job Type: Full time/Permanent

Location: South Africa

Workplace: Hybrid

Requirements

• Education & Experience – Bachelor’s in Law, Finance, Business (or similar) plus 3+ years’ compliance work in fintech, banking, gaming, or broader financial services.
• Regulatory Expertise – In-depth grasp of South African payments regulation (FIC Act, POPIA) and hands-on KYC/AML onboarding, periodic reviews, and escalations.
• Training & Reporting – Proven ability to craft compliance training and produce high-quality regulatory reports (e.g., to the FIC); strong risk-management track record.
• Technical Skillset – Skilled in designing AML/CTF controls and internal rules; comfortable with data analysis and reporting.
• Personal Attributes – Integrity, discretion, ownership mindset, and clear communication with clients, merchants, and cross-functional teams.
• Broader Reg-Framework – Exposure to FAIS, B-BBEE, Card Scheme rules, and SARB TPPP/System-Operator/Screen Scraping directives.
• Data Analytics Fluency – Comfort with analytics tools/programming for sharper risk insights.
• Professional Credentials – CAMS or similar AML certification (or willingness to earn).
• Fintech Product Insight – Working knowledge of payment tech, APIs, and related fintech offerings to spot compliance gaps early.

Responsibilities

• Merchant Onboarding & Screening – Own the full onboarding workflow: gather documentation, run CDD/EDD checks, maintain screening systems, and escalate high-risk cases.
• Regulatory Compliance – Monitor regulatory changes, refresh policies and training, and ensure company practices stay aligned with law.
• Risk Management – Assign merchant risk ratings, update risk registers, run gap analyses, and report breaches to Compliance leadership.
• Regulatory & Internal Reporting – File mandatory reports (e.g., FIC, SARB) and deliver KYC insights to internal stakeholders.
• Stakeholder Liaison – Serve as the primary contact for KYC queries from merchants and internal teams.
• Tech-Driven Controls – Partner with Product/Tech to integrate compliance tools and build SQL-based AML/CTF monitoring rules.
• Data Protection – Conduct vendor impact assessments and enforce client/vendor adherence to data-privacy obligations.
• Process & Policy Governance – Document compliance procedures and audit ongoing adherence to internal policies and external requirements.

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Full-time

Job function

• Job function

  Legal

• Industries

  Legal Services and Financial Services

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