Compliance Monitoring Officer

Bidvest Bank Limited; Sandton; On-site; ZAR 420,000 - 600,000; Full time

Job summary

Bidvest Bank Limited in Sandton is seeking a Compliance Monitoring Officer to oversee the bank's adherence to applicable laws, internal policies and industry standards. You will monitor per the Compliance Monitoring Plan, identify gaps, and report findings to management.

Collaborate with the Compliance Monitoring Manager to develop and update policies, risk assessments and procedures. The role requires strong regulatory knowledge and proficiency in MS Office and compliance tracking tools.

Qualifications

• 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.

Responsibilities

• Monitor and assess compliance with applicable legislation, regulations and internal policies.
• Identify non-compliance or control weaknesses and report to management.
• Support development and updating of compliance policies, risk assessments and procedures.
• Collaborate with Compliance Monitoring Manager to improve controls.

Skills

Compliance legislation

Report writing

Data privacy

Issue tracking

Process evaluation

Data analysis

Excel

Word

PowerPoint

Compliance tools

Education

Degree in Compliance or Risk Management

Tools

MS Excel

MS Word

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.