Compliance Officer (AML)

60 Degrees; South Africa; On-site; ZAR 400 000 - 600 000; Full time

Job summary

A fintech company in Cape Town is looking for a Compliance Officer to oversee the compliance framework and conduct critical due diligence and investigations. The role requires a Bachelor’s degree in Law and at least 3 years of experience in the financial services sector. Strong analytical and problem-solving skills are essential. This position offers an exciting opportunity to engage with multiple regulated environments in a dynamic and growing company.

Qualifications

• At least 3 years PQE in compliance within financial services.
• Experience with cryptocurrency and digital asset regulation is a plus.
• Proven record of managing multiple priorities.

Responsibilities

• Support the implementation of the compliance framework.
• Conduct KYC checks on new clients.
• Monitor transactions for suspicious activity.
• Prepare compliance reports and assist in investigations.
• Stay updated on regulatory changes.

Skills

Compliance in financial services

Analytical skills

Investigative skills

Problem-solving skills

Attention to detail

Organisational abilities

Written communication

Verbal communication

Education

Bachelor’s degree in Law

Job description

Overview

Lumepay Pty Ltd

Workshop 17 The Watershed 17 Dock Road

Waterfront, Cape Town

Compliance Officer (AML) Location: Cape Town Department: Legal & Compliance Reports To: CLCO Job Type: Full-time Level: Intermediate

About Us

We are a high-growth fintech company building the next generation of payment infrastructure across Africa. Our mission is to make money movement seamless, inclusive, and scalable across borders. We operate at the intersection of financial innovation and real-world impact, empowering businesses and consumers with tools to thrive in a rapidly digitising economy.

Role Overview

The Compliance Officer will assist in implementing and maintaining the company’s compliance framework across all business lines, including financial services, crypto asset trading, and payments. The role involves conducting due diligence, transaction monitoring, and investigations while supporting broader regulatory, reporting, and policy initiatives. This is an intermediate-level position offering exposure to multiple regulated environments.

Responsibilities

1. Compliance Operations
   • Support the company’s compliance framework, ensuring adherence to regulatory requirements and industry standards across all business areas.
   • Assist in implementing, maintaining, and updating compliance policies and procedures to align with evolving regulatory obligations.
   • Maintain accurate and up-to-date compliance records and documentation.
2. KYC & Due Diligence
   • Conduct Know-Your-Customer (KYC) checks on new clients and perform ongoing due diligence reviews on existing clients and counterparties.
   • Review and verify KYC documentation during the onboarding process to ensure all required checks are completed prior to account activation.
   • Support enhanced due diligence processes for high-risk clients or complex structures.
3. Screening & Monitoring
   • Review and resolve customer screening alerts, including politically exposed persons (PEPs), sanctions, and adverse media matches.
   • Monitor and analyse transactions for potential suspicious or unusual activity.
   • Conduct investigations and assist in preparing and submitting Suspicious Transaction Reports (STRs) or Suspicious Activity Reports (SARs).
4. Investigations & Reporting
   • Assist in investigating flagged accounts and responding to requests or inquiries from banks, counterparties, and regulatory authorities.
   • Collaborate with fraud operations, banking, and payment partners to mitigate financial crime risks.
   • Contribute to the preparation of internal and external compliance reports.
5. Regulatory Awareness & Collaboration
   • Stay current with changes in AML, KYC, and financial services and payments regulations across relevant jurisdictions.
   • Work closely with senior compliance and legal functions to ensure company-wide understanding and application of compliance obligations.
   • Support the maintenance of relationships with payment, banking, and regulatory partners.

Skills & Experience

• Bachelor’s degree or tertiary qualification in Law.
• At least 3 years PQE exposed to compliance in financial services, banking and payments environments.
• Experience or exposure to cryptocurrency and digital asset regulation.
• Strong analytical, investigative, and problem-solving skills.
• Excellent attention to detail and a high standard of accuracy.
• Strong organisational abilities and the ability to manage multiple priorities in a fast-paced environment.
• Excellent written and verbal communication skills.
• Ability to work both independently and collaboratively within a team.