Financial Compliance Officer

Placements24; Benoni; Hybrid; ZAR 600,000 - 750,000; Full time

Benefits offered by this job

Annual bonus

Medical aid

Provident fund

Annual leave

Professional development

Hybrid work

Job summary

Placements24 in Benoni, Gauteng, is actively seeking an experienced Financial Compliance Officer to oversee regulatory compliance programs and risk management. The role requires a solid background in financial regulations and hands-on audit experience in a hybrid work setting.

You will develop policies, train staff, monitor updates to FICA/POPIA/FAIS, and advise senior management on mitigation strategies to maintain integrity in the financial sector.

Qualifications

• Broad knowledge of SA financial regulations including FICA, POPIA, FAIS.
• Experience in risk assessments and internal controls.
• Ability to draft clear policies and reports.
• Strong analytical and problem-solving skills.
• Ability to work in a hybrid environment.

Responsibilities

• Develop, implement, and maintain a comprehensive compliance program.
• Monitor regulatory changes and assess impact.
• Conduct internal audits and risk assessments.
• Investigate compliance issues and recommend actions.
• Provide compliance training to staff.
• Prepare regulatory reports for authorities.
• Advise management on risk mitigation.

Skills

Analytical thinking

Regulatory knowledge

Risk assessment

Communication skills

Education

Bachelor's degree in Law, Finance, or Accounting

Postgraduate qualification in Compliance Management (desirable)

Tools

MS Office

Compliance software

Job description

About the Role

Our client, a respected financial institution operating in Benoni, Gauteng, is seeking a diligent and experienced Financial Compliance Officer. This role is essential for ensuring that all company operations adhere to the complex web of financial regulations, laws, and internal policies. You will be responsible for developing, implementing, and monitoring compliance programs, conducting audits, and advising management on risk mitigation strategies. This position offers a great opportunity to contribute to the integrity and stability of the financial sector in Gauteng, within a flexible hybrid work model.

Key Responsibilities

• Develop, implement, and maintain a comprehensive compliance program aligned with all relevant financial regulations (e.g., FICA, POPIA, FAIS).
• Monitor changes in regulatory requirements and assess their impact on the organization.
• Conduct regular internal audits and risk assessments to identify potential compliance breaches or weaknesses.
• Investigate compliance issues and recommend corrective actions.
• Develop and deliver compliance training programs for employees at all levels.
• Prepare and submit regulatory reports to relevant authorities.
• Advise senior management on compliance matters and potential risks.
• Maintain up-to-date knowledge of industry best practices in financial compliance.
• Ensure all policies and procedures are documented and effectively communicated.
• Act as a point of contact for regulatory bodies during examinations or inquiries.

Requirements

• Bachelor's degree in Law, Finance, Accounting, or a related field. A postgraduate qualification in Compliance Management is highly desirable.
• Minimum of 4-6 years of experience in a compliance role within the Banking & Finance or related financial services industry.
• Thorough understanding of South African financial regulations and legal frameworks.
• Experience with risk assessment, internal controls, and audit procedures.
• Strong analytical and problem-solving skills, with meticulous attention to detail.
• Excellent written and verbal communication skills, including the ability to draft clear policies and reports.
• Proficiency in Microsoft Office Suite and compliance management software.
• High level of integrity and ethical conduct.
• Ability to work independently and manage multiple priorities effectively.
• Experience working in a hybrid environment is beneficial.

Benefits

• Our client offers a competitive salary, annual bonus, and a comprehensive benefits package including medical aid, a provident fund, and generous annual leave.
• Professional development opportunities and continuous learning are encouraged.
• The hybrid work arrangement in Benoni, Gauteng, provides flexibility and a positive work-life balance, contributing to a supportive environment within the Banking & Finance sector.