Compliance Officer

Network Finance; Randburg; On-site; ZAR 420,000 - 640,000; Full time

Job summary

Network Finance is seeking a Compliance Officer to promote a strong regulatory and ethical culture in a Financial Services environment. You will ensure regulatory obligations are embedded in day-to-day practices with effective controls.

The role involves establishing and maintaining compliance frameworks, monitoring risks, and providing independent advice to management with a focus on governance and regulatory reporting.

Qualifications

• 3-5 years of relevant compliance experience within the financial services industry.
• FSCA Phase 1 approval as a Compliance Officer is required.
• Sound understanding of regulatory compliance, governance and risk management in financial services.

Responsibilities

• Establish, implement and continuously enhance the regulatory compliance framework across the FSP.
• Support the operational implementation of the Group Governance Framework.
• Promote sound governance and a strong compliance and ethical culture.
• Ensure compliance with legislation, licence conditions, internal policies and standards.
• Proactively identify and assess compliance risks.
• Conduct risk-based compliance monitoring and regulatory oversight.
• Assess effectiveness of controls and track remediation actions.
• Provide independent compliance advice, monitoring and reporting.
• Monitor regulatory developments and advise on implications.
• Report on the effectiveness of the compliance control environment.
• Support the organisation in maintaining an effective regulatory compliance environment.

Skills

Regulatory compliance

Governance

Risk management

Regulatory reporting

Regulatory monitoring

Education

Tertiary qualification in Law/Compliance/Risk Management/Finance

Job description

You will play an important role in promoting a strong compliance and ethical culture, ensuring that regulatory obligations are reflected in day-to-day business practices and supported by effective controls.

Key Responsibilities

Compliance Framework & Governance

• Establish, implement, maintain and continuously enhance the regulatory compliance framework across the FSP.
• Support the operational implementation of the Group Governance Framework.
• Promote sound governance and a strong compliance and ethical culture across the business.
• Ensure that applicable legislation, regulatory requirements, licence conditions, internal policies and approved compliance standards are embedded in business practices.

Compliance Risk Management & Monitoring

• Proactively identify and assess compliance risks.
• Conduct risk-based compliance monitoring and regulatory oversight.
• Assess the effectiveness of compliance controls and identify areas requiring improvement.
• Track remediation actions to address identified compliance gaps and risks.
• Ensure regulatory obligations translate into effective controls, demonstrable business practices and measurable customer outcomes.

Regulatory Advice & Reporting

• Provide independent compliance advice, oversight and assurance to management and relevant governance structures.
• Monitor regulatory developments and advise the business on their implications.
• Conduct regulatory monitoring and reporting.
• Report clearly on the effectiveness of the compliance control environment.
• Support the organisation in maintaining an effective regulatory compliance environment.

Job Experience and Skills Required

• Relevant tertiary qualification in Law, Compliance, Risk Management, Finance or a related field.
• 3-5 years of relevant compliance experience within the financial services industry, preferably in an FSP environment.
• Practical experience in compliance risk management, regulatory monitoring and regulatory reporting.
• FSCA Phase 1 approval as a Compliance Officer, where appointment as the FSP's approved Compliance Officer is required.
• Applicable regulatory examinations and competency requirements relevant to the role and FSP licence.
• Class of Business training applicable to the relevant product categories, where required.
• A sound understanding of regulatory compliance, governance and risk management within financial services.