Head Of Compliance And Legal

World Sports Betting; Gauteng; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading sports betting company in South Africa is looking for a Compliance Manager to oversee the development and implementation of compliance models. The ideal candidate will have extensive experience in compliance and legal management, strong understanding of regulatory frameworks, and proven leadership skills. This role requires a legal qualification and knowledge of the South African betting regulations. Join us in maintaining high standards of compliance and risk management.

Qualifications

• Extensive experience in Compliance, Risk and Legal Management role.
• Excellent understanding of the South African regulatory environment.
• Previous experience in a betting company is an advantage.

Responsibilities

• Manage Compliance risks by identifying risks and developing mitigation strategies.
• Evaluate internal controls and governance of business processes.
• Ensure compliance with relevant legislation, policies, and guidelines.

Skills

Strong interpersonal skills

Strong leadership and communication skills

Excellent understanding of FICA & FIC regulations

Proficiency in Microsoft and related programs

FICA & FIC regulations understanding

Understanding of bookmaker operations

Proficiency in Microsoft programs

Education

Tertiary Education with a Legal Qualification

Grade 12 (matric certificate)

Job description

Overview

Department: Compliance Department

Reports to: Executive Management Team

Purpose: To lead the development and implementation of risk and compliance models thereby ensuring that policies, systems, procedures and controls are operating efficiently and effectively.

Responsibilities

• Manage Compliance risks to the business units by timeously and systematically identifying risks and developing appropriate risk mitigation strategies.
• Evaluate the adequacy and effectiveness of internal controls, governance and risk management of all business processes with the business units.
• Ensure that there is full compliance by the business units with relevant legislation, policies and guidelines.
• Develop and implement compliance policies and procedures specific to the sports betting, online casino and iGaming industry in South Africa.
• Create and maintain ongoing awareness of end-to-end Companies Risk Management Framework.
• Prepare, consolidate risk reports for the organisation for tabling at EXCO and Board committee meetings.
• Ensure alignment and management of the Legal strategy as well as policies and plans with the overall business strategy.
• Analyse changes to legislation and communicate how these impact WSB to the relevant governance structures.
• Build and create strategic partnerships with all key stakeholders for WSB.
• Ensure compliance of human capital and licensing and registration of employees.
• Maintain accurate records of all legal and online compliance activities and decisions.
• Conduct online audits on our website and processes to ensure compliance with all legal and regulatory requirements.
• Investigate and resolve any online compliance related issues or disputes.
• Compile and submit all new contingencies to testing labs (or facilitate).
• Compile and submit new contingencies to the relevant regulatory bodies for approval.
• Apply and/or renew national Key Employee and Manufacturers licenses to the regulatory bodies (Team management).
• Represent the company in regulatory matters, including attending regulatory hearings.

Skills, knowledge and other requirements

• Strong interpersonal skills;
• Strong leadership and communication skills (both verbal and written);
• Able to focus for extended periods of time;
• Able to manage time effectively;
• Ability to respond appropriately to unexpected challenges and shifting priorities;
• Ability to work on multiple tasks simultaneously;
• Excellent understanding of FICA & FIC regulations;
• An understanding of bookmaker operations;
• Willingness to assist;
• Proficiency in Microsoft and related programs.

Requirements: Experience, Education and Other

• Grade 12 (matric certificate required);
• Tertiary Education with a Legal Qualification is a must;
• years' extensive experience in a Compliance, Risk and Legal Management role;
• Excellent understanding of the South African regulatory environment (both National and Regional), as well as the laws that apply to operating a service business;
• In- depth understanding of identifying and managing operational, regulatory and business risk;
• Previous experience in a betting company (an advantage).
• Financial background (advantageous).

Responses to be sent to, with the job title in the subject line.

Recruitment will be in line with the company's employment equity targets.