Compliance Officer - Financial Services

Placements24; Stellenbosch; Hybrid; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Job summary

Placements24 in Stellenbosch, Western Cape, is seeking a diligent Compliance Officer to join our client’s team. This hybrid role balances in-office collaboration with remote focus, ensuring strict adherence to FAIS, FICA, POPIA, and other regulations.

The successful candidate will develop, implement, and maintain a robust compliance program across the organization. You will lead audits, risk assessments, investigations, and staff training, liaise with regulators and external auditors, and report

Qualifications

• Bachelor's degree in a relevant field and 5+ years in a compliance role within banking/finance.
• Deep understanding of SA financial regulations (FAIS, FICA, POPIA) and regulatory reporting.
• Experience leading audits, risk assessments, investigations, and staff training.

Responsibilities

• Develop, implement, and manage the company's compliance program, policies, and procedures.
• Monitor changes in relevant laws and regulations (FAIS, FICA, POPIA) and assess their impact on the business.
• Conduct regular compliance audits and risk assessments to identify potential non-compliance.
• Investigate compliance breaches and recommend corrective actions.
• Provide training and guidance to staff on compliance matters and best practices.
• Prepare and submit regulatory reports to relevant authorities.
• Maintain accurate and up-to-date compliance records.
• Advise management on compliance risks and mitigation strategies.
• Liaise with regulatory bodies and external auditors.
• Promote a culture of compliance throughout the organization.

Skills

Regulatory compliance

Audit & risk assessment

KYC/AML

Analytical thinking

Communication

Education

Bachelor's degree in Law/Finance

Tools

Compliance software

Job description

About the Role Our client, a growing entity within the Banking & Finance sector, is seeking a diligent and detail-oriented Compliance Officer to join their team in Stellenbosch, Western Cape, ZA . This hybrid role is crucial for ensuring the company operates in full adherence to all relevant laws, regulations, and internal policies. You will be responsible for developing, implementing, and maintaining a robust compliance program. The ideal candidate will possess a strong understanding of financial regulations, excellent analytical skills, and the ability to identify and mitigate compliance risks. This role offers a dynamic work environment where you can contribute to maintaining the integrity and reputation of the organization. The position requires a balance of in-office presence for collaboration and strategic planning, with the flexibility of remote work for focused tasks.

Key Responsibilities

• Develop, implement, and manage the company's compliance program, policies, and procedures.
• Monitor changes in relevant laws and regulations (e.g., FAIS Act, FICA, POPIA) and assess their impact on the business.
• Conduct regular compliance audits and risk assessments to identify potential areas of non-compliance.
• Investigate compliance breaches and recommend corrective actions.
• Provide training and guidance to staff on compliance matters and best practices.
• Prepare and submit regulatory reports to relevant authorities.
• Maintain accurate and up-to-date compliance records.
• Advise management on compliance risks and strategies for mitigation.
• Liaise with regulatory bodies and external auditors.
• Promote a culture of compliance throughout the organization.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 5 years of experience in a compliance role within the Banking & Finance sector or a regulated financial services environment.
• In-depth knowledge of South African financial regulations (e.g., FAIS, FICA, POPIA, Companies Act).
• Experience in conducting compliance audits, risk assessments, and investigations.
• Strong understanding of AML (Anti-Money Laundering) and KYC (Know Your Customer) procedures.
• Excellent analytical, problem-solving, and organizational skills.
• Proficiency in using compliance management software and tools.
• Strong communication, presentation, and interpersonal skills.
• Ability to work effectively both independently and collaboratively in a hybrid work model.
• High level of integrity and ethical conduct.

Benefits

Our client offers a competitive salary and benefits package, including medical aid and retirement fund contributions. This hybrid role provides flexibility, allowing for a healthy work-life balance. Opportunities for professional development, continuous learning, and career advancement within the compliance field are available. You will work within a professional and supportive team environment. This role provides significant exposure to regulatory frameworks within the Banking & Finance industry and contributes to the firm's ongoing success and integrity.