Compliance Officer - Financial Regulations

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

Benefits offered by this job

Medical aid

Provident fund

Professional growth opportunities

Job summary

Placements24 is seeking a diligent Compliance Officer to join a reputed financial services firm in Stellenbosch, Western Cape. The role focuses on ensuring compliance with FAIS, FICA, POPIA and other regulatory requirements within Banking & Finance.

The position is office-based in Stellenbosch, requiring strong analytical abilities, integrity and ability to train staff and liaise with auditors and regulators.

Qualifications

• Bachelor's degree in Law, Finance, Business Administration or related field.
• 3-5 years of experience in a compliance role within Banking & Finance.
• In-depth knowledge of SA financial regulations (FAIS, FICA, POPIA).
• Strong analytical and investigative skills.
• Excellent written and verbal communication.

Responsibilities

• Monitor and interpret relevant financial regulations and legislation affecting Banking & Finance.
• Develop, implement, and maintain compliance policies and procedures.
• Conduct regular compliance reviews and risk assessments to identify potential non-compliance.
• Investigate compliance breaches and recommend corrective actions.
• Develop and deliver compliance training programs for employees.
• Prepare and submit regulatory reports to authorities.
• Stay updated on regulatory changes and advise management.
• Liaise with internal and external auditors on compliance matters.
• Maintain records of compliance activities and communications.
• Foster a culture of compliance throughout the organization.

Skills

Regulatory knowledge

Analytical skills

Communication skills

Education

Bachelor's degree in Law/Finance/Business Administration

Tools

Microsoft Office Suite

Job description

About the Role

Our client, a reputable financial services firm, is seeking a diligent Compliance Officer to join their operations in Stellenbosch, Western Cape. This is an office-based role, essential for maintaining direct oversight and fostering collaborative relationships within the compliance department. The Compliance Officer will be responsible for ensuring the firm adheres to all applicable laws, regulations, and internal policies governing the Banking & Finance industry. This role requires a thorough understanding of regulatory frameworks and a commitment to upholding the highest standards of integrity and ethical conduct. We are looking for a detail-oriented professional to safeguard the organization's compliance posture.

Key Responsibilities

• Monitor and interpret relevant financial regulations and legislation affecting the Banking & Finance sector.
• Develop, implement, and maintain compliance policies and procedures.
• Conduct regular compliance reviews and risk assessments to identify potential areas of non-compliance.
• Investigate compliance breaches and recommend corrective actions.
• Develop and deliver compliance training programs for employees.
• Prepare and submit regulatory reports to relevant authorities.
• Stay updated on changes in the regulatory landscape and advise management accordingly.
• Liaise with internal and external auditors on compliance matters.
• Maintain records of compliance activities and communications.
• Foster a culture of compliance throughout the organization.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 3-5 years of experience in a compliance role within the Banking & Finance industry or a regulatory body.
• In-depth knowledge of South African financial regulations (e.g., FAIS Act, FICA, POPIA).
• Strong analytical and investigative skills.
• Excellent written and verbal communication skills.
• Proficiency in Microsoft Office Suite.
• High level of integrity and ethical standards.
• Ability to work independently and as part of a team in an office environment.
• Strong organizational skills and attention to detail.
• Experience with compliance management software is a plus.

Benefits

• Our client offers a competitive salary and a comprehensive benefits package, including medical aid and a provident fund.
• Employees will benefit from a supportive work environment in Stellenbosch, Western Cape, with opportunities for professional growth and development in the Banking & Finance compliance field.

This role provides the chance to contribute to maintaining the integrity and reputation of a leading financial institution.