Financial Compliance Officer

Placements24; Bloemfontein; On-site; ZAR 520,000 - 780,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund contributions

Professional development opportunities

Generous annual leave

Job summary

Placements24 is seeking a Financial Compliance Officer for their Bloemfontein office in the Free State. The role requires developing and maintaining compliance programs, conducting internal audits, and advising on regulatory changes to ensure adherence to South African financial regulations.

The successful candidate will lead AML/KYC programs, train staff on compliance matters, liaise with auditors, and provide regular reports to senior management, all while upholding the highest standards of

Qualifications

• Bachelor’s degree in Law, Finance, Accounting, or a related field is required.
• Minimum of 4 years of experience in compliance, legal, or audit roles within financial services is preferred.
• Solid knowledge of South African financial regulations (e.g., FAIS Act, FICA, POPIA) is essential.
• Experience conducting compliance audits and risk assessments is desirable.
• Strong analytical and problem-solving skills with excellent written and verbal communication.

Responsibilities

• Develop, implement, and maintain compliance policies and procedures.
• Monitor regulatory changes and assess their impact on the organization’s operations.
• Conduct internal audits and compliance reviews to identify potential risks and weaknesses.
• Investigate compliance breaches and recommend corrective actions.
• Provide training and guidance to staff on compliance-related matters.
• Prepare compliance reports for senior management and regulatory bodies.
• Liaise with external auditors and regulatory agencies.
• Manage the company’s AML and KYC programs.
• Ensure adherence to data privacy regulations.

Skills

Regulatory analysis

Risk assessment

Auditing

Attention to detail

Communication

Independent working

Education

Bachelor's degree in Law or Finance

Tools

Microsoft Office

Job description

About the Role

Our client, a respected entity within the banking & finance sector, is seeking a diligent and experienced Financial Compliance Officer to join their dedicated team in Bloemfontein, Free State. This role is essential for ensuring the organization adheres to all relevant financial regulations, laws, and internal policies. You will play a key part in developing and implementing compliance programs, conducting internal audits, and advising on regulatory changes. The position demands a thorough understanding of South African financial regulations and a commitment to upholding the highest standards of integrity. This role requires full-time presence at our Bloemfontein office to facilitate direct oversight and collaboration.

Key Responsibilities

• Develop, implement, and maintain compliance policies and procedures.


• Monitor regulatory changes and assess their impact on the organization’s operations.


• Conduct internal audits and compliance reviews to identify potential risks and weaknesses.


• Investigate compliance breaches and recommend corrective actions.


• Provide training and guidance to staff on compliance-related matters.


• Prepare compliance reports for senior management and regulatory bodies.


• Liaise with external auditors and regulatory agencies.


• Manage the company’s anti-money laundering (AML) and know-your-customer (KYC) programs.


• Ensure adherence to data privacy regulations.

Requirements

• Bachelor’s degree in Law, Finance, Accounting, or a related field.


• Minimum of 4 years of experience in a compliance, legal, or audit role within the financial services industry.


• Thorough knowledge of South African financial regulations (e.g., FAIS Act, FICA, POPIA).


• Experience in conducting compliance audits and risk assessments.


• Strong analytical and problem-solving skills.


• Excellent written and verbal communication skills.


• High level of integrity and attention to detail.


• Proficiency in Microsoft Office Suite.


• Ability to work independently and manage multiple priorities effectively.

Benefits

• Competitive annual salary and potential for performance-based incentives.


• Comprehensive medical aid and retirement fund contributions.


• Opportunities for professional development and relevant certifications.


• A stable and reputable organization with a strong ethical culture.


• Work closely with a dedicated and experienced compliance team.


• Generous annual leave and other employee benefits.


• Career growth prospects within the compliance function.


• Secure and pleasant working environment in Bloemfontein.