Specialist : Compliance

Bmw Group; Gauteng; On-site; ZAR 60 000 - 100 000; Full time

Job summary

An established industry player is seeking a Compliance Specialist to support its Compliance Management System. This pivotal role involves maintaining compliance with Anti-Money Laundering regulations, managing data privacy initiatives, and ensuring corporate governance. With a focus on fostering a culture of compliance, the successful candidate will work closely with executive management and contribute to the strategic objectives of the organization. If you have a strong background in compliance and a passion for regulatory excellence, this is an exciting opportunity to make a significant impact.

Qualifications

• 10+ years of experience in compliance roles, including AML and Data Protection.
• Deep knowledge of relevant legislation like the Financial Intelligence Centre Act.

Responsibilities

• Maintain a 'green' rating for AML compliance and manage AML systems.
• Implement Data Privacy program and conduct assessments under POPIA.

Skills

Anti-Money Laundering (AML)

Data Privacy

Corporate Governance

Compliance Monitoring

Internal Audits

Education

Bachelor of Commerce Honors (Internal Audit)

Certified Internal Auditor (CIA)

Job description

The role of the Compliance Specialist is to support the Head of Compliance in executing and maintaining the Compliance Management System (CMS) to foster a culture of compliance and enable BMW Financial Services to achieve its strategic objectives.

Key Responsibilities:

1. Anti-Money Laundering (AML):
   • Maintain a 'green' rating for AML compliance.
   • Develop and maintain the Risk Management Compliance Program (RMCP) aligned with relevant legislation.
   • Manage AML systems, perform reviews, and submit reports such as STRs, SARs, TPRs, and CTRs via the goAML portal.
   • Conduct training and awareness sessions on AML.
2. Financial Sanctions:
   • Ensure sanctions screening on all relevant parties and maintain a 'green' rating.
3. Data Privacy:
   • Implement and maintain the Data Privacy program in line with the Protection of Personal Information Act.
   • Manage privacy rights, conduct PIA and PoPIA assessments, and oversee third-party data processing.
4. Corporate Governance:
   • Develop and maintain the Corporate Rules Management framework.
   • Coordinate policy adoption and communicate updates across the organization.
5. Compliance Monitoring:
   • Perform internal audits, control reviews, and testing of controls.
   • Ensure timely completion and reporting of audit activities.
6. Reporting:
   • Prepare compliance reports for various governance forums.
   • Coordinate audit requests and support audit remediation efforts.

Qualifications:

• Bachelor of Commerce Honors (Internal Audit) and Certified Internal Auditor (CIA).
• Over 10 years of experience as a Compliance Specialist, with roles including AML Officer, Data Protection Officer, and Internal Auditor, preferably in automotive finance.
• Deep knowledge of legislation such as the Financial Intelligence Centre Act, POPI Act, and others.
• Experience in developing AML, Data Privacy, Policy Management, and Internal Audit programs.
• Ability to work independently under pressure and engage with executive management.
• Advantageous: RE5 and RE1 exam qualifications.