Compliance Officer

Placements24; Mtubatuba Local Municipality; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Provident fund

Professional development

Hybrid working model

Job summary

Placements24 is seeking a diligent Compliance Officer for a reputable financial institution in Richards Bay, KwaZulu-Natal. The role focuses on developing and monitoring compliance programs, assessing regulatory changes, and guiding business units to uphold high ethical standards.

The position offers a hybrid work arrangement and requires 4+ years in regulatory/compliance within banking and finance, with a strong grasp of SA regulations (FICA/POPIA).

Qualifications

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 4 years' experience in a compliance, legal, or regulatory role within banking & finance.
• Strong knowledge of South African financial regulations (e.g., FICA, POPIA, Companies Act).
• Experience conducting compliance risk assessments and remediation planning.
• Proficient in Microsoft Office Suite.
• Professional certifications in compliance (e.g., CAMS, ICA) are an advantage.

Responsibilities

• Develop, implement, and maintain the company's compliance program aligned with regulatory requirements.
• Conduct regular compliance risk assessments and remediation plans.
• Monitor regulatory changes and assess impact on the organization.
• Provide guidance and training on compliance policies and procedures.
• Investigate potential breaches and recommend actions.
• Prepare and submit regulatory reports to authorities.
• Liaise with external auditors and regulators during examinations.
• Maintain records of compliance activities, policies, and training.
• Advise management on compliance risks for new products and initiatives.
• Promote a culture of compliance throughout the organization.

Skills

Analytical skills

Problem solving

Attention to detail

Communication skills

Presentation skills

Interpersonal skills

MS Office

Education

Bachelor's degree in Law/Finance/Business Administration or related field

Tools

MS Office

Compliance management software

Job description

About the Role

Our client, a reputable financial institution situated in the vibrant coastal city of Richards Bay, KwaZulu-Natal, is seeking a diligent and experienced Compliance Officer. This role is essential for ensuring the organization operates in full accordance with all applicable laws, regulations, and internal policies within the banking & finance sector. The Compliance Officer will be responsible for developing, implementing, and monitoring compliance programs, conducting risk assessments, and providing guidance to business units. The successful candidate will possess a strong understanding of regulatory frameworks and a commitment to upholding ethical standards. This position offers a hybrid work arrangement, allowing for a flexible work environment.

Key Responsibilities

• Develop, implement, and maintain the company's compliance program, ensuring alignment with current regulatory requirements.
• Conduct regular compliance risk assessments to identify potential areas of non-compliance and develop mitigation strategies.
• Monitor relevant regulatory changes and updates, assessing their impact on the organization and implementing necessary adjustments.
• Provide guidance and training to employees on compliance-related matters, policies, and procedures.
• Investigate potential compliance breaches, conducting thorough reviews and recommending appropriate actions.
• Prepare and submit regulatory reports to relevant authorities in a timely and accurate manner.
• Liaise with external auditors and regulatory bodies during examinations and inquiries.
• Maintain comprehensive records of compliance activities, policies, and training.
• Advise management on compliance risks associated with new products, services, or business initiatives.
• Promote a strong culture of compliance throughout the organization.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 4 years of experience in a compliance, legal, or regulatory role within the banking & finance industry.
• In-depth knowledge of relevant South African financial regulations (e.g., FICA, POPIA, Companies Act).
• Experience in conducting compliance risk assessments and developing remediation plans.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Excellent communication, presentation, and interpersonal skills.
• Ability to work independently and manage multiple priorities effectively.
• Proficiency in Microsoft Office Suite.
• Professional certifications in compliance (e.g., CAMS, ICA) are an advantage.
• Experience with compliance management software is desirable.
• Residency or willingness to work in the Richards Bay, KwaZulu-Natal area is essential.

Benefits

• Our client offers a competitive salary, performance incentives, comprehensive medical aid, a provident fund, and ample opportunities for professional development.
• The hybrid working model provides a flexible approach to work-life balance, supporting our employees in Richards Bay, KwaZulu-Natal.