Compliance Manager

Rmbwestport; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A reputable financial services firm is seeking a Compliance Manager in Johannesburg. The role involves ensuring the implementation of compliance frameworks and adherence to regulations through a team of compliance specialists. Ideal candidates should have 5 to 7 years of experience in compliance and a BCom in Compliance or equivalent. Strong knowledge of regulatory frameworks such as FAIS, AML, and KYC is essential.

Qualifications

• 5 to 7 years' experience in compliance.
• Strong understanding of regulatory frameworks (FAIS, AML, KYC).

Responsibilities

• Ensure adherence to organization policies and procedures.
• Provide reports on agreed service level deliveries.
• Analyze regulations using a risk-based approach.
• Develop and implement Compliance Risk Management Plans.

Skills

Compliance expertise

Regulatory frameworks knowledge

Analytical skills

Team management

Education

BCom in Compliance or equivalent

Job description

Compliance Manager

Location: Johannesburg │ Time Type: Full time │ Posted: Posted Today │ Apply Until: November 2

Job Description

To ensure the implementation of the Group's compliance frameworks and programmes in consultation with business, ensuring conformance and adherence with regulations and delivering through a team of Compliance resources/specialists.

Responsibilities

• Ensure adherence of organisation policies and procedures, especially regulatory and ethical standards.
• Provide regular reports on delivery of services against agreed service level agreements and overall customer targets.
• Accumulate information to review work progress that provides input to reporting, decision making and identification of improvement opportunities.
• Implement, monitor and control business processes according to quality standards, policy, and compliance and governance requirements.
• Review existing processes and suggest innovative ideas to improve and streamline processes to drive efficiencies and minimise redundancy.
• Analyse and interpret regulation and legislation using a risk‑based approach.
• Identify and rate the risk of applicable laws and regulations for responsible business units.
• Develop and implement a compliance/legislative universe for responsible business units.
• Develop and implement Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions.
• Compile monitoring plans indicating the compliance monitoring methodology and its frequency.
• Compile monitoring reports on the results of monitoring.
• Incident reporting, ensuring timely escalation of compliance risks and incidents.
• Advise and provide guidance to management on systems, policies, processes and controls to enable compliance.
• Assist with the promotion of a culture of compliance and awareness, actively participating in compliance projects and training initiatives.
• Provide training on regulatory requirements to channels.
• Ensure implementation of relevant policies, governance and practice standards across the business.
• Maintain knowledge of relevant legislative amendments, industry best practices and internal compliance procedures and requirements.
• Ensure compliance is adopted in terms of systems and procedures as laid out by the organisation and review in response to audit findings and changes.
• Develop an understanding of risks and risk management approaches.
• Implement and provide input into the development of governance and compliance procedures and processes within area of specialisation and identify risks.
• Network and participate in specialist risk forums where required.
• Responsible for implementing and enforcing the organisation's or business units' compliance programme.
• Maintain awareness of regulatory framework and specific obligations within FAIS and other relevant acts.
• Manage, oversee and monitor FAIS compliance to ensure representatives comply with all financial soundness requirements, licence conditions and annual levies.
• Maintain register of representatives and inform Registrar of any changes.
• May have supervisory responsibilities.
• May be responsible for the control of KYC/AML and FATCA/AEOI regulations.Analyse received documents and interact with investors, clients and intermediaries to advise if KYC documents are acceptable.
• Ensure compliance with and oversight of ongoing statutory regulatory requirements.
• Monitor and validate investor files, provide technical and documentary support to investor teams, update operational procedures and participate in compliance committees.
• Lead the AML/KYC team and organise its operations in terms of resources and development.
• Display and encourage an appreciation of teamwork and inclusivity.
• Manage team performance in achievement of business objectives.
• Monitor and report on potential breaches and instances of non‑compliance across digital platforms and customer touchpoints.
• Demonstrate a proactive, solution‑oriented mindset that balances regulatory requirements and digital innovation.
• Thrive in agile, fast‑paced environments and adapt quickly to evolving business and regulatory landscapes.
• Possess strong knowledge of AI governance, algorithmic transparency and the associated compliance risks in digital sales channels.

Qualifications & Experience

• 5 to 7 years' experience in compliance.
• BCom in Compliance or equivalent.
• Strong understanding of regulatory frameworks (FAIS, AML, KYC).

Job Details

• All appointments will be made in line with FirstRand Group's Employment Equity plan.
• The Bank supports the recruitment and advancement of individuals with disabilities. Candidates can disclose disability information voluntarily; the Bank will keep this information confidential unless required by law.
• Applications will not be accepted after the closing date indicated below.
• Closing date: 02/11/25.
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