Specialist : Compliance

Bayerische Motoren Werke Aktiengesellschaft; Gauteng; On-site; ZAR 40 000 - 80 000; Full time

Job summary

An established industry player is seeking a Compliance Specialist to enhance its Compliance Management System. In this pivotal role, you will support the Head of Compliance in ensuring adherence to regulations while fostering a culture of compliance. Your expertise in Anti-Money Laundering, Data Privacy, and Corporate Governance will be crucial in developing robust compliance frameworks and conducting internal audits. This position offers the opportunity to make a significant impact within a dynamic team, ensuring that the organization meets its strategic objectives while navigating the complexities of compliance in the automotive finance sector.

Qualifications

• 10+ years experience in AML, Data Protection, and Internal Audit.
• Strong knowledge of FIC Act and POPI Act legislation.

Responsibilities

• Develop and maintain the Risk Management Compliance Program.
• Conduct internal audits and ensure timely control reviews.

Skills

Anti-Money Laundering (AML)

Data Privacy

Corporate Governance

Compliance Monitoring

Reporting

Education

Bachelor of Commerce Honors (Internal Audit)

Certified Internal Auditor (CIA)

Job description

Job Title: Compliance Specialist

The role of the Compliance Specialist is to support the Head of Compliance in the execution and maintenance of the Compliance Management System (CMS) to ensure a seamless culture of compliance while enabling BMW Financial Services to achieve its strategic objectives.

Key Responsibilities:

1. Anti-Money Laundering (AML): Develop and maintain the Risk Management Compliance Program (RMCP) in accordance with relevant legislation, including customer identification, risk assessment, due diligence measures, transaction monitoring, employee screening, and reporting suspicious activities using the goAML portal.
2. Financial Sanctions: Ensure compliance with financial sanction screening on all relevant parties.
3. Data Privacy: Implement and maintain the Data Privacy program in accordance with the Protection of Personal Information Act and BMW Regulations, covering transparency, individual rights, and staff training.
4. Corporate Governance: Develop and maintain the Corporate Rules Management framework, oversee policy adoption, and communicate updates effectively.
5. Compliance Monitoring: Conduct internal audits, ensure timely control reviews, update control documentation, and standardize testing procedures.
6. Reporting: Prepare compliance content for reports and presentations, coordinate audit requests, support audit remediation, and ensure closure of issues.

Qualifications:

• Bachelor of Commerce Honors (Internal Audit)
• Certified Internal Auditor (CIA)
• Experience in AML, Data Protection, Internal Audit within the automotive finance industry (10+ years)
• Knowledge of relevant legislation such as FIC Act, POPI Act, etc.
• Ability to work independently and manage conflicts professionally.
• Advantageous: Completed RE5 and RE1 exams.