Compliance Officer - Banking

Placements24; Rustenburg; On-site; ZAR 600,000 - 800,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund

Professional development

Job summary

Placements24 is seeking a diligent Compliance Officer to ensure adherence to laws, regulations, and internal policies within banking operations in Rustenburg. The role emphasizes proactive risk mitigation, policy implementation, and collaboration with legal, risk management, and operations teams.

The ideal candidate will have a minimum of 4 years in compliance or internal audit within banking, with in-depth knowledge of FAIS, FICA, and POPIA.

Qualifications

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 4 years of experience in compliance, risk management, or internal audit within the banking industry.
• In-depth knowledge of FAIS Act, FICA, POPIA and related regulations.
• Certifications such as CCO or CRISC are a plus.

Responsibilities

• Develop, implement, and maintain compliance policies and procedures.
• Conduct internal audits and risk assessments to identify gaps.
• Monitor regulatory changes and ensure practices stay compliant.
• Investigate breaches and recommend corrective actions.
• Provide compliance training to staff across departments.
• Liaise with regulatory bodies and manage inquiries or examinations.

Skills

Regulatory compliance

Auditing

Policy development

Stakeholder engagement

Education

Bachelor's degree in Law/Finance/Business Administration

Job description

About the Role

Our client is seeking a diligent and knowledgeable Compliance Officer to ensure adherence to all relevant laws, regulations, and internal policies within their banking operations in Rustenburg . This role is crucial for maintaining the integrity and reputation of the organization by proactively identifying and mitigating compliance risks. You will work closely with various departments, including legal, risk management, and operations, to implement and monitor robust compliance programs. This is an excellent opportunity for a detail-oriented professional to play a key role in upholding regulatory standards in the financial sector.

Key Responsibilities

• Develop, implement, and maintain comprehensive compliance policies and procedures.
• Conduct regular internal audits and risk assessments to identify potential compliance gaps.
• Monitor regulatory changes and ensure the organization's practices remain compliant.
• Investigate potential compliance breaches and recommend appropriate corrective actions.
• Provide compliance training and guidance to employees across different departments.
• Liaise with regulatory bodies and manage responses to inquiries or examinations.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 4 years of experience in compliance, risk management, or internal audit within the banking industry .
• In-depth knowledge of relevant financial regulations and compliance frameworks (e.g., FAIS Act, FICA, POPIA).
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Excellent communication and interpersonal skills to effectively interact with stakeholders at all levels.
• Relevant professional certifications (e.g., CCO, CRISC) are a plus.

Benefits

• Competitive annual salary and performance-based incentives.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and ongoing training in compliance matters.
• A stable and secure work environment within a reputable financial institution in Rustenburg .
• Contribution to upholding the highest standards of ethical conduct and regulatory adherence.