Compliance Manager

Ria; Cape Town; On-site; ZAR 500,000 - 900,000; Full time

Job summary

An established industry player is seeking a Compliance Manager to lead and enhance their Compliance Management Program. This role is crucial for ensuring adherence to financial regulations and policies, fostering a culture of compliance throughout the organization. The ideal candidate will have extensive experience in the financial industry, particularly in compliance roles, and possess strong analytical and communication skills. You will be responsible for conducting risk assessments, managing compliance projects, and overseeing the compliance team. Join a dynamic environment where your expertise will contribute to the integrity and success of the organization.

Qualifications

• Minimum 7 years in financial industry with compliance management experience.
• Strong understanding of AML/CTF laws and regulations.

Responsibilities

• Ensure compliance with laws, policies, and regulations.
• Develop and implement risk assessment methodologies.
• Oversee compliance training and documentation.

Skills

Compliance Management

Risk Assessment

AML / CTF / Fraud Laws

Project Management

Analytical Skills

Communication Skills

Problem-Solving

Education

BA / BS in Business, Finance, or Law Enforcement

Tools

Microsoft Power BI

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

Join to apply for the Compliance Manager role at Ria Money Transfer.

Description

Ria Money Transfer, a business segment of Euronet Worldwide, Inc. (NASDAQ: EEFT), delivers innovative financial services including fast, secure, and affordable global money transfers to millions of customers along with currency exchange, mobile top-up, bill payment, and check cashing services, offering a reliable omnichannel experience.

With over , locations in nearly countries and territories, our purpose remains to open ways for a better everyday life. We believe we can create a world in which people are empowered to build the life they dream of, no matter who they are or where they are.

One customer, one family, one community at a time.

About This Role

To assist in developing, implementing, and administering all aspects of the company's Compliance Management Program.

Roles & Responsibilities

1. Ensure that the Company's operations comply with all policies and procedures, as well as any and all applicable compliance laws and regulations.
2. Keep abreast of new developments and changes in requirements and technology impacting the industry.
3. Develop and implement a comprehensive risk assessment methodology that realistically meets the needs of the Company.
4. Ensure that appropriate training is conducted and documented in an effective manner.
5. Assist on compliance projects.
6. Manage the onboarding and ongoing due diligence of partners.
7. Implement and continuously update a regulatory watch to ensure all regulatory requirements are adhered to.
8. Review all Section 29s submitted by Compliance Analysts.
9. Execute all due diligence on new partners and ongoing due diligence on existing partners.
10. Assist in SARB communications and applications.
11. Oversee annual South African Reserve Bank Compliance Inspections.
12. Oversee the whole Compliance Team in South Africa.
13. Submit monthly reviews and monthly KPI reports to Head of Compliance Southern and Eastern Africa.
14. Bring appropriate compliance matters to the attention of the Compliance Management, as well as the Board of Directors.
15. Review and investigate all allegations of violations of the Company's compliance procedures.
16. Maintain up-to-date knowledge and expertise on core business activities and assist in the analysis of proposed business initiatives from a risk-based regulatory perspective.
17. Keeping abreast and having adequate knowledge of the FIC Act and amendments as well as all regulations in terms of the FIC Act and comply thereto.
18. Maintain current and adequate knowledge of all guidance notes, public compliance communications, directives, and other relevant communications issued by the Financial Intelligence Centre and ensuring compliance.
19. Maintain Ria's RMCP document to ensure that it reflects the provisions of the most current legislation, regulations, and directives and that the same is implemented.

Position Requirements

1. BA / BS in business, finance, law enforcement, legal studies, or a related field. May be substituted with equivalent work experience in the Financial industry.
2. Minimum of seven years work experience in the financial industry.
3. Knowledge of AML / CTF / Fraud laws and regulations applicable to the financial industry.
4. Demonstrate a track record gained working within a similar role as Compliance Manager and / or held responsibility as Compliance Officer either within the financial industry for a minimum of 3 years.
5. Possess a strong ability to articulate and communicate risk / compliance issues across all levels and hierarchies in the business.
6. Experience of working within Banking / Financial industry is highly desirable and must have experience of compliance with a regulated business.
7. Extensive project management skills, and management skills necessary to produce work in accordance with professional standards.
8. Minimum of eight years management experience, including effective interviewing, performance management and evaluation, clarifying roles and responsibilities, fostering teamwork, facilitating / resolving team or individual conflicts, providing employee mentoring and coaching.
9. Ability to assess complex activities to identify potential compliance and / or operational risks.
10. Ability in examining, re-engineering, and automating operations and procedures, and developing and implementing new strategies and procedures.
11. Excel in effective written and verbal communications.
12. Exceptional analytical, critical thinking and problem-solving skills, conducting quantitative and qualitative analysis and applying reasoning abilities to interpret regulatory requirements prudently.
13. Knowledge of the SARB Reporting system.
14. Strong technical aptitude; ability to discuss detailed technical requirements with IT staff.
15. CAMS Certified preferred.
16. Proficient knowledge and demonstrated ability in the Microsoft suite of products, including Power BI, Word, Excel, and PowerPoint.

Ria Money Transfer is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

The position responsibilities outlined above are intended to define the general contents and requirements to perform this job. It is not to be taken as a complete statement of responsibilities or requirements. This job description does not restrict the Company's right to assign or reassign duties and responsibilities to this job as needed.

Seniority level: Mid-Senior level

Employment type: Full-time

Job function: Legal