Compliance Manager

FirstRand group; Johannesburg; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading financial institution in Johannesburg seeks a Compliance Specialist with 5-7 years of experience in compliance and a BCom in Compliance or equivalent. Candidates must possess strong knowledge of regulatory frameworks, including FAIS and AML. This role involves advising management, ensuring compliance processes, and leading a team in a dynamic environment.

Qualifications

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

Responsibilities

• Provide regular reports on service delivery against SLAs.
• Implement and monitor compliance processes.
• Advise management on compliance-related systems and policies.
• Lead the AML/KYC team and ensure ongoing compliance.

Skills

Regulatory framework understanding

Compliance knowledge

Risk analysis

Education

BCom in Compliance or equivalent

Job description

Overview

Description

To ensure there is implementation of the Group’s compliance frameworks and programmes in consultation with business ensure conformance and adherence with regulations and delivers through a team of Compliance resources / specialists. Ensure adherence of organisation policies and procedures, especially regulatory and ethical standards.

Responsibilities

• Provide regular reports on delivery of services against agreed service level agreements and in terms of overall customer targets.
• Accumulate information to review work progress that provides input to reporting, decision making and the identification of improvement opportunities.
• Implement, monitor and control business processes according to quality standards; policy; and compliance and governance requirements in area of accountability.
• 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. Identification and risk rating of applicable laws and regulations for responsible business units.
• Development and implementation of compliance / legislative universe for responsible business units.
• Development and implementation of Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions.
• Compiling monitoring plans indicating the compliance monitoring methodology used and the frequency thereof.
• Compiling monitoring reports on the results of monitoring.
• Incident reporting, to ensure timeous escalation of compliance risks and incidents. Interpret regulation and legislation and assist business units with practical implementation thereof.
• Advise and provide guidance to management on systems, policies, processes and controls implemented to enable compliance.
• Assist with the promotion of a culture of compliance and awareness and 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 on 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 organisation and review in response to audit findings and changes.
• Develops 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.
• Networks and participates in specialist risk forums where required.
• Responsible for implementing and enforcing the organisation's or business units' compliance programme.
• Maintains awareness of regulatory framework and specific obligations within Financial Advisory and Intermediary Services (FAIS) Act, code of conduct, and requirements.
• Manages, oversees and monitors FAIS compliance to ensure that representatives comply with all financial soundness requirements, licence conditions and annual levies.
• Maintains register of representatives and informs Registrar of any changes. May have supervisory responsibilities. May be responsible for the control of the Know Your Customer (KYC) / Anti-Money Laundering and Anti-Money Laundering Foreign Account Tax Compliance Act (FATCA) / Automatic Exchange of Information (AEOI) regulations. Analyses the received documents and interacts with the investor, client, intermediary to advise if received KYC documents are acceptable.
• Ensures compliance with and oversight of ongoing statutory regulatory requirements. This responsibility includes monitoring and validation of investor files, technical and documentary support to investor teams, updating of operational procedures and participation in compliance committees.
• Leads the AML / KYC team and organises 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 all digital platforms and customer touchpoints.
• Demonstrate a proactive, solution-oriented mindset with the ability to balance 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.
• To ensure there is implementation of the Group’s compliance frameworks and programmes in consultation with business
• business processes according to quality standards; policy; and compliance and governance requirements in area of accountability.
• Analyse and interpret regulation and legislation using a risk-based approach. Identification and risk rating of applicable laws and regulations for responsible business units.

Qualifications & Experience

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

Job Details

Take note that applications will not be accepted on the below date and onwards, kindly submit applications ahead of the closing date indicated below.

29 / 09 / 25

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. In order for us to fulfill this purpose, candidates can disclose their disability information on a voluntary basis. The Bank will keep this information confidential unless we are required by law to disclose this information to other parties.