Compliance Officer

Feeblo; Cape Town; On-site; ZAR 350,000 - 550,000; Full time

Job summary

A renowned compliance-focused company in Cape Town is seeking a Compliance Officer to uphold financial sector regulations and ensure organizational integrity. The role includes monitoring transactions, risk assessments, and stakeholder engagement while utilizing advanced technology solutions. Candidates should possess a bachelor's degree in relevant fields and preferably hold postgraduate certifications in compliance.

Qualifications

• Degree in Law, Finance or Risk Management is mandatory.
• Postgraduate diploma in Compliance Management is preferred.
• Certifications like CAMS or CRCP are highly valued.

Responsibilities

• Ensure compliance with FSCA, SARB, and other regulations.
• Implement AML / CFT controls and conduct customer due diligence.
• Prepare reports for FSCA, FIC, and board committees.

Skills

Regulatory Knowledge

AML / CFT Tools

Data Analytics

Attention to Detail

Analytical Thinking

Communication

Integrity

Education

Bachelor’s degree in Law, Finance, or Risk Management

Postgraduate Diploma in Compliance Management

Tools

Power BI

SQL

World-Check

SAS AML

Oracle FCCM

Job description

The Compliance Officer ensures adherence to financial sector regulations, mitigates legal risks, and implements effective compliance frameworks. This role involves monitoring transactions, reporting suspicious activities, and leveraging RegTech solutions to maintain organizational integrity within South Africa’s stringent regulatory environment.

Key Responsibilities

1. Regulatory Compliance & Monitoring

• Ensure compliance with FSCA (Financial Sector Conduct Authority), SARB (South African Reserve Bank), FICA, and POPIA regulations.
• Monitor adherence to FAIS Act, POCA (Prevention of Organized Crime Act), and NCA (National Credit Act) .
• Conduct gap analyses for new / changing legislation (e.g., 2024 FSCA amendments).

2. Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF)

• Implement AML / CFT controls and conduct customer due diligence (CDD) .
• File STRs (Suspicious Transaction Reports) with the FIC (Financial Intelligence Centre).
• Investigate PEP (Politically Exposed Persons) and sanctions list matches .

3. Risk Assessments & Internal Audits

• Perform compliance risk assessments and develop mitigation strategies.
• Coordinate internal audits and manage findings with corrective action plans.
• Maintain King IV Corporate Governance alignment.
• Draft / update compliance policies, manuals, and procedures .
• Conduct staff training on FICA, POPIA, and ethical business practices.
• Advise management on B-BBEE compliance requirements .

5. Reporting & Stakeholder Engagement

• Prepare reports for FSCA, FIC, and board committees .
• Liaise with external auditors, regulators, and legal teams .
• Present compliance metrics to executives and risk committees .

6. Technology & RegTech Solutions

• Use AML software (e.g., LexisNexis Risk Solutions, Refinitiv World-Check).
• Automate compliance workflows with SAP GRC, MetricStream, or NICE Actimize .
• Leverage AI-driven transaction monitoring for real-time anomaly detection.

Technical Skills

Regulatory Knowledge : FSCA, FICA, FAIS, POPIA, POCA

AML / CFT Tools : World-Check, SAS AML, Oracle FCCM

Data Analytics : Power BI, SQL (for compliance reporting)

Audit Frameworks : IIA Standards, internal control testing

Soft Skills

• Attention to Detail – Identifying regulatory breaches
• Analytical Thinking – Interpreting complex legislation
• Communication – Training staff and engaging regulators
• Integrity – Handling sensitive information confidentially

Qualifications & Certifications

Mandatory :

• Bachelor’s degree in Law, Finance, or Risk Management (LLB, BCom, BSc) .
• Postgraduate Diploma in Compliance Management (Preferred) .

Professional Certifications (Highly Valued) :

• CAMS (Certified Anti-Money Laundering Specialist)
• CRCP (Certified Regulatory Compliance Professional)
• ICA Diploma in Compliance (International Compliance Association)
• CA(SA) / CFA with Compliance Focus

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Compliance Officer • Cape Town, Western Cape, South Africa