Compliance Manager

FirstRand Bank Limited; Johannesburg; On-site; ZAR 200,000 - 300,000; Full time

Job summary

A major financial institution in Johannesburg is seeking a Compliance Specialist to implement compliance frameworks and ensure adherence to regulatory standards. The successful candidate will have a BCom in Compliance and 5-7 years of relevant experience, focusing on FAIS, AML, and KYC compliance. This position requires strong analytical skills and team leadership in a dynamic environment.

Qualifications

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

Responsibilities

• Ensure adherence to regulations and organisational policies.
• Analyze regulation and legislation with a risk-based approach.
• Report compliance risks and incidents promptly.

Skills

Compliance frameworks

Regulatory standards

Risk management

Team leadership

Education

BCom in Compliance or equivalent

Job description

Description

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

Ensure adherence to organisational policies and procedures, especially regulatory and ethical standards.

• Provide regular reports on service delivery against agreed service level agreements and customer targets.
• Gather information to review work progress, supporting reporting, decision-making, and identifying improvement opportunities.
• Implement, monitor, and control business processes according to quality standards, policies, and compliance and governance requirements.
• Review existing processes and suggest innovative ideas to improve and streamline, driving efficiencies and reducing redundancy.
• Analyze and interpret regulation and legislation using a risk-based approach; identify and risk-rate applicable laws and regulations for responsible business units.
• Develop and implement compliance / legislative universe for responsible business units.
• Develop and implement Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions.
• Compile monitoring plans with methodologies and frequencies.
• Prepare monitoring reports on results.
• Report incidents promptly, escalating compliance risks and incidents.
• Interpret regulation and legislation, assisting business units with practical implementation.
• Advise management on systems, policies, processes, and controls to enable compliance.
• Promote a culture of compliance and awareness, participating in projects and training initiatives.
• Provide regulatory requirements training to channels.
• Ensure policies, governance, and standards are implemented across the business.
• Maintain knowledge of legislative amendments, industry best practices, and internal procedures.
• Review compliance systems and procedures in response to audits and changes.
• Develop understanding of risks and risk management approaches.
• Implement and contribute to governance and compliance procedures, identifying risks.
• Participate in specialist risk forums as required.
• Implement and enforce the organisation's compliance programme.
• Monitor regulatory obligations within FAIS Act, code of conduct, and related requirements.
• Manage and oversee FAIS compliance, including licensing and levies.
• Maintain register of representatives and inform the Registrar of changes.
• Possibly supervise and control KYC / AML and FATCA / AEOI regulations, analyzing documents and advising on acceptability.
• Ensure ongoing regulatory compliance, monitoring, and validation of investor files.
• Lead the AML / KYC team, managing resources and development.
• Encourage teamwork and inclusivity.
• Manage team performance towards business objectives.
• Monitor and report potential breaches across digital platforms and customer touchpoints.
• Balance regulatory requirements with digital innovation, demonstrating a solution-oriented mindset.
• Adapt to fast-paced, evolving environments.
• Possess knowledge of AI governance, algorithmic transparency, and compliance risks in digital sales channels.

Qualification & Experience

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

Job Details

Note that applications will not be accepted after 21/08/2025. Please submit applications before this date.

All appointments will align with FirstRand Group’s Employment Equity plan. The Bank supports the recruitment of individuals with disabilities; candidates may disclose disability information voluntarily, which will be kept confidential unless required by law.