Compliance Specialist

Alexforbes; Sandton; Hybrid; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Hybrid work

Mentorship programs

Bursary & leadership programs

Incentives

Job summary

Alexforbes is seeking a Compliance professional to lead group governance initiatives and oversee the regulatory tracker, reporting on compliance status to management and boards. You design control self-assessments and support monitoring plans across the group.

Qualifications include a bachelor’s degree and 3–5 years in financial services, with advantageous RE1/RE5 or ACAMS credentials. Flexible, hybrid work is offered with growth opportunities.

Qualifications

• Bachelor’s degree qualification or equivalent.
• 3–5 years’ experience in the Financial Services industry.
• Solid understanding of compliance principles, governance, risk management, internal controls, and financial reporting.
• Ability to identify and analyze issues in risk and internal control environments.
• RE1/RE5, ACAMS or CPrac advantageous

Responsibilities

• Update Regulatory tracker for new and amended legislation.
• Advise management on regulatory compliance through detailed reports.
• Support first-line compliance and business with feedback before legislation goes live.
• Ensure compliance universe stays current and aligned with risk.
• Design and monitor risk-based control self-assessments.
• Assist with compliance monitoring plans and reporting to committees.

Skills

Verbal communication

Written communication

Problem solving

Big picture thinking

Resilience

Team leadership

Change management

Relationship building

Delivery

Accountability

Developing others

Time management

Attention to detail

Analytical thinking

Education

Bachelor's degree qualification

Matric

RE1/RE5, ACAMS or CPrac advantageous

Job description

To drive completion of Group Compliance strategy and provide support in ensuring the achievement of the Group Governance mission and objectives.

Responsibilities:

Regulatory Forum:

• Ensure that updates are made to the Regulatory tracker for all new and amended pieces of legislation relating to the Group.
• Advise management on the status of Group’s compliance with laws and regulations through detailed reports.
• Prompt first line compliance and business for feedback to ensure that adequate controls are in place prior to legislation going live.

Compliance Universe:

• Ensure that the Group’s compliance universe is always kept up to date..

Compliance Monitoring:

• Ensure consistency in the approach and execution of compliance monitoring.
• Providing input into the annual monitoring planning process, ensuring consistency and relevance according to risk.
• Ensure the completion and delivery of the annual compliance monitoring plan.
• Review, evaluate and optimise tools, processes, and reporting to drive efficiencies of controls.
• Implement and monitor changes and new controls introduced, and ensure changes are embedded into operations.
• Design control self-assessments using risk-based methodology to test processes and assess compliance.

Compliance Risk Management Plans:

• Ensure that progress updates are sent on a consistent basis to first line compliance and the business and the business.
• Ensure the Completion of Compliance Risk Management Plans.
• Ensure adequate controls are in place within the Groups risk appetite.

Compliance Reporting:

• Ensure that compliance reports are ready timeously for each respective committee and Board meetings.
• Continually assess the effectiveness of reports and enhance based on target audience.
• Assist with ad hoc reports as and when required.

Training and awareness:

• Provide input into the training and awareness plan.
• Conduct and develop training to compliance community and business.

General:

• Implement risk management, governance, and compliance controls, to identify and manage governance and risk exposure liability.
• Monitor and manage the compliance calendar and meeting roster.
• Manage and update the Group’s Non-Compliance Incident Register.
• Proactively reduce risks and enhance compliance detection concerns by driving alignment across functions in terms of system adaption and implementation.
• Highlight key governance, control and process deficiencies to business and compliance and agree timelines to close out deviations.
• Be risk focussed by continually assessing both internal and external factors that influence the entities risk profile within the Group.
• Conduct policy reviews as and when required.
• Work closely with other teams and other assurance providers across the Group.
• Support Manager and the Group Chief Compliance Officer strategies by ensuring understanding and execution

Required:

• Matric
• Position requires a bachelor’s degree qualification; and or
• 3 - 5 years’ experience in the Financial Services industry.
• Good understanding of compliance principles and approaches,
• Strong understanding of governance, risk management, internal controls, compliance, and financial reporting to allow for identification, assessment,
• Analysis of issues related to the risk and internal control environment.
• RE1 or RE5, ACAMS and or CPrac advantageous

Business Skills :

• Continuously enhancing and keeping abreast of industry and trends and regulations.
• Ability to identify inefficiencies and remediate.
• Lead, guide, and support the people within division.
• Develop and maintain desired organisational culture.

Functional Skills:

• Excellent verbal and written communication skills.
• Problem solving.
• Ability to work under pressure.
• Holistic/big picture thinking
• Resilient.
• Display drive and purpose.
• Managing effective teams.
• Developing others.
• Relationship building.
• Delivery.
• Accountability.
• Managing change.

Knowledge and skills:

• A good understanding of the Financial Services operations environment.
• Good time management.
• Analytical thinking.
• Attention to detail is essential

Why Join Alexforbes?

At Alexforbes, we don’t just offer jobs – we build careers. Here’s what makes us stand out:

Growth & Development

• Structured on-the-job learning and mentorship
• Bursary and leadership development programmes
• E-learning platforms and continuous learning opportunities

Rewarding Performance

• Short- and long-term incentive opportunities
• Power of One recognition for outstanding performance
• Retirement fund contributions starting at 13% of CTC
• Group risk cover including life, funeral, and dread disease benefits
• Medical and gap cover through Discovery or Bonitas

Work-Life Balance

• Flexible and hybrid ways of work
• Employee wellness and assistance programmes