Compliance Manager: Payments

Old Mutual Limited; Johannesburg; Vor Ort; ZAR 900.000 - 1.200.000; Vollzeit

Zusammenfassung

Old Mutual Limited's OM Bank is seeking a Payments Compliance Manager to lead the design and oversight of a payments compliance programme in line with the National Payments System Act, PASA rules, and SARB expectations.

The role requires experience in compliance and conduct risk, with a focus on licensing, remediation planning, and reporting to regulators. You will collaborate with cross-functional teams to embed strong controls and maintain regulator relationships.

Qualifikationen

• Bachelor’s degree in law, Finance, Compliance, or related field (postgraduate qualification advantageous).
• 5–7 years’ experience in compliance, risk management, or regulatory affairs, preferably within banking or financial services.
• Strong knowledge of the National Payments System Act, subordinate legislation, PASA rules, and SAMOS clearing and settlement processes.
• Experience in developing compliance programmes, policies, and monitoring frameworks.
• Proven track record of managing regulatory reporting, stakeholder engagement and Exchange Control.

Aufgaben

• Assist the Head of Regulatory and Conduct Risk in designing and implementing a payments compliance programme
• Ensure all required licenses are obtained and maintained in good standing
• Identify and assess regulatory requirements impacting payments under the National Payments System Act, PASA rules, and related frameworks
• Conduct impact assessments and prepare remediation plans for identified gaps
• Track remediation progress by business units to completion
• Oversee compliance relating to SAMOS (South African Multiple Option Settlement system) and the clearing and settlement of both local and offshore payments
• Develop and maintain payments compliance policies, procedures, and guidance for the Bank
• Collaborate with business units to implement operational controls and processes aligned with regulatory requirements
• Provide recommendations on best practice to strengthen the payments control environment
• Monitor payments compliance across business units to ensure ongoing adherence
• Prepare and submit internal compliance reports and regulatory reports to SARB, PASA, and other relevant stakeholders
• Support the Chief Compliance Officer in establishing and maintaining relationships with payments supervisory and regulatory bodies
• Act as a subject matter expert on payments compliance, advising business units on regulatory obligations
• Collaborate with cross-functional teams to embed compliance into operational processes
• Represent the Bank in regulatory discussions and industry forums where required
• Provide oversight and execution of Exchange control strategy, performance, risks, and regulatory developments
• Draft and implement the Exchange control compliance programme
• Collaborate with 1stline to ensure operationalisation of Exchange Control regulatory requirements are embedded
• Maintain effective compliance engagement with SARB, PASA, SAMOS and other bodies
• The Payments Compliance Manager will be responsible for maintaining effective compliance engagement with: South African Reserve Bank (SARB) – ensuring adherence to the National Payments System Act and supervisory requirements; Payments Association of South Africa (PASA) – compliance with industry rules and operational standards; SAMOS – oversight of compliance relating to clearing and settlement of local and offshore payments; Other relevant payments supervisory and regulatory bodies as required.

Kenntnisse

Compliance knowledge

Regulatory reporting

Stakeholder management

Analytical thinking

Ausbildung

Bachelor’s degree in law/finance/compliance

Tools

SAMOS

Regulatory reporting systems

Jobbeschreibung

Let’s Write Africa’s Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

At OM Bank, we strive to attract great people who are passionate about coming together for a higher purpose - building something unique and aspirational, always aiming to be the best they can be. We are rooted in our purpose of inspiring and enabling our customers to grow and sustain their prosperity.
The role is best suited to a candidate that has extensive skill and experience in compliance and conduct risk management practices and processes. The role requires an individual who has a keen interest in adopting an Innovative approach to compliance and conduct risk management.

The Payments Compliance Manager will play a critical role in the Compliance Department, supporting the Head of Regulatory and Conduct Risk in establishing and maintaining a robust payments compliance programme.

This role ensures that the Bank meets all regulatory obligations under the National Payments System Act, subordinate legislation, and the Payments Association of South Africa (PASA) rules. The incumbent will provide guidance to business units, oversee remediation of compliance gaps, and manage internal and external reporting obligations to regulators and stakeholders.

Responsibilities

Programme Development & Oversight

• Assist the Head of Regulatory and Conduct Risk in designing and implementing a payments compliance programme
• Ensure all required licenses are obtained and maintained in good standing
• Identify and assess regulatory requirements impacting payments under the National Payments System Act, PASA rules, and related frameworks
• Conduct impact assessments and prepare remediation plans for identified gaps
• Track remediation progress by business units to completion
• Oversee compliance relating to SAMOS (South African Multiple Option Settlement system) and the clearing and settlement of both local and offshore payments

Policy & Guidance

• Develop and maintain payments compliance policies, procedures, and guidance for the Bank
• Collaborate with business units to implement operational controls and processes aligned with regulatory requirements
• Provide recommendations on best practice to strengthen the payments control environment

Monitoring & Reporting

• Monitor payments compliance across business units to ensure ongoing adherence
• Prepare and submit internal compliance reports and regulatory reports to SARB, PASA, and other relevant stakeholders
• Support the Chief Compliance Officer in establishing and maintaining relationships with payments supervisory and regulatory bodies

Stakeholder Engagement

• Act as a subject matter expert on payments compliance, advising business units on regulatory obligations
• Collaborate with cross-functional teams to embed compliance into operational processes
• Represent the Bank in regulatory discussions and industry forums where required

Exchange Control

• Provide oversight and execution of Exchange control strategy, performance, risks, and regulatory developments.
• Draft and implement the Exchange control compliance programme
• Collaborate with 1stline to ensure operationalisation of Exchange Control regulatory requirements are embedded

Regulatory Interfaces

• The Payments Compliance Manager will be responsible for maintaining effective compliance engagement with: South African Reserve Bank (SARB) – ensuring adherence to the National Payments System Act and supervisory requirements
• Payments Association of South Africa (PASA) – compliance with industry rules and operational standards
• SAMOS (South African Multiple Option Settlement system) – oversight of compliance relating to clearing and settlement of local and offshore payments
• Other relevant payments supervisory and regulatory bodies as required

Requirements

Qualification and Experience

• Bachelor’s degree in law, Finance, Compliance, or related field (postgraduate qualification advantageous)
• Minimum 5–7 years’ experience in compliance, risk management, or regulatory affairs, preferably within banking or financial services
• Strong knowledge of the National Payments System Act, subordinate legislation, PASA rules, and SAMOS clearing and settlement processes
• Experience in developing compliance programmes, policies, and monitoring frameworks
• Proven track record of managing regulatory reporting, stakeholder engagement and Exchange Control

Skills & Competencies

• Excellent understanding of payments systems, including local and offshore clearing and settlement
• Strong analytical and problem-solving skills
• Ability to design and implement compliance controls and monitoring processesEffective communication and stakeholder management skills
• High attention to detail and ability to manage multiple priorities
• Strong leadership and collaboration skills to influence business units

Skills

Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Legal Practices, Performance Management Design, Policies & Procedures, Procurement Performance, Project Quality Management, QA Methodologies, Regulatory Compliance Management, Requirements Development

Competencies

Balances Stakeholders

Communicates Effectively

Financial Acumen

Instills Trust

Interpersonal Savvy

Manages Ambiguity

Manages Complexity

Optimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

27 September 2026 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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