Compliance Officer - Regulatory Affairs

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

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund contributions

Professional development

Supportive work environment

Job summary

Placements24 in Vereeniging, Gauteng, is seeking a Compliance Officer to lead our regulatory program within the banking and finance sector. You will develop, implement, and audit policies to ensure adherence to AML and KYC requirements, and collaborate with business units to embed compliance in daily operations.

The role offers a Hybrid work model and opportunities to influence risk management across the organization.

Qualifications

• Bachelor's degree in a relevant field and 4+ years in compliance/risk within financial services.
• Strong understanding of AML/KYC regulations and South African legislation.
• Ability to conduct audits and risk assessments with attention to detail.

Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor regulatory changes and assess their impact on the organization's operations.
• Conduct regular compliance audits and risk assessments.
• Develop and deliver compliance training programs for employees.
• Investigate potential compliance breaches and recommend corrective actions.
• Ensure adherence to AML and KYC regulations.
• Prepare and submit regulatory reports to relevant authorities.
• Advise management and business units on compliance requirements and best practices.
• Maintain compliance documentation and records.
• Act as a point of contact for regulatory bodies during examinations and inquiries.

Skills

Analytical thinking

Regulatory knowledge

KYC/AML expertise

Communication skills

Team collaboration

Education

Bachelor's degree in Law, Finance, Business Administration, or related field

Tools

Compliance software

Job description

About the Role

Our client, a well-established entity within the Banking & Finance sector, is seeking a dedicated Compliance Officer to join their team in Vereeniging, Gauteng. This role is crucial for ensuring the company adheres to all relevant laws, regulations, and internal policies. The Compliance Officer will be responsible for developing, implementing, and maintaining the organization's compliance program, conducting risk assessments, and providing guidance to staff on compliance matters. This position requires a meticulous individual with a strong understanding of financial regulations, including AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements. The role offers a Hybrid work arrangement, allowing for a blend of in-office collaboration and remote flexibility. Join us in upholding the highest standards of integrity and regulatory adherence in the dynamic financial landscape of Gauteng.

Key Responsibilities

• Develop, implement, and maintain the company's compliance program.
• Monitor regulatory changes and assess their impact on the organization's operations.
• Conduct regular compliance audits and risk assessments.
• Develop and deliver compliance training programs for employees.
• Investigate potential compliance breaches and recommend corrective actions.
• Ensure adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.
• Prepare and submit regulatory reports to relevant authorities.
• Advise management and business units on compliance requirements and best practices.
• Maintain compliance documentation and records.
• Act as a point of contact for regulatory bodies during examinations and inquiries.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 4 years of experience in a compliance, risk, or legal role within the financial services industry.
• Strong knowledge of financial regulations, including AML, KYC, and relevant South African legislation.
• Experience in conducting compliance audits and risk assessments.
• Excellent analytical, problem-solving, and investigative skills.
• Strong written and verbal communication skills, with the ability to explain complex regulations clearly.
• High level of integrity, discretion, and attention to detail.
• Proficiency in compliance management software is a plus.
• Ability to work effectively in a team and manage multiple priorities.
• Experience with a Hybrid work model is advantageous.

Benefits

• Competitive salary and potential for performance bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Professional development and training opportunities.
• A supportive work environment committed to ethical practices.
• Key role in ensuring regulatory adherence for an established financial institution in Vereeniging.