Compliance Monitoring Officer

Bidvest Bank; Sandton; On-site; ZAR 450,000 - 650,000; Full time

Job summary

Bidvest Bank is seeking a Compliance Monitoring Officer to oversee adherence to legislation, regulatory requirements, and internal policies. You will conduct monitoring under the approved plan, identify non-compliance, and report findings to management.

Working with the Compliance Monitoring Manager, you will help develop and update policies, risk assessments, procedures and control frameworks to strengthen governance and risk management across the bank.

Qualifications

• Degree in Compliance, Risk Management, Audit, Finance or Legal.
• 2-3 years in Compliance Monitoring, Compliance Advisory, Risk Management or Internal Audit.

Responsibilities

• Monitor and assess the Bank's level of compliance with legislation, regulatory requirements and internal policies.
• Identify areas of non-compliance or control weaknesses and report to management.
• Assist in developing and updating compliance-related policies, manuals, guidelines, risk assessments and procedures.

Skills

Regulatory framework

Report writing

Analytical skills

Process evaluation

Issue tracking

Data privacy

MS Office tools

Education

Degree in Compliance/Risk/ Audit/Finance/Legal

Tools

MS Excel

MS Word

MS PowerPoint

Compliance tracking tools

Job description

Purpose of the role

The Compliance Monitoring Officer role is to monitor and assess the Bank’s level of compliance with applicable legislation, regulatory requirements, internal policies, and industry standards. The role is responsible for conducting legislation-based monitoring in line with the approved Compliance Monitoring Plan, identifying areas of non-compliance or control weaknesses, and providing accurate, timely reporting to operational management, business unit heads, and Executive Management. Working closely with the Compliance Monitoring Manager, the officer assists in developing and updating compliance-related policies, manuals, guidelines, risk assessments, procedures, processes, practices, and frameworks.

Technical competency requirements

• Strong understanding of compliance legislation and regulatory frameworks (not limited to FICA, FAIS, POPI, PAIA, NCA)
• Report writing and analytical skills
• Process and control evaluation
• Issue tracking and remediation oversight
• Data privacy knowledge
• Proficiency in MS Excel, Word, PowerPoint and compliance tracking tools

Minimum education and experience

• Degree in Compliance or Risk Management or Audit or Finance or Legal
• Minimum 2-3 years’ experience in a Compliance Monitoring, Compliance Advisory, Risk Management or Internal Audit

This position is advertised in line with our commitment to Employment Equity.