Head of Regulatory Compliance

Talent Candey; Somerset West; On-site; ZAR 1,200,000 - 2,100,000; Full time

Job summary

Talent Candey invites applications for a Head of Regulatory Compliance in the Banking sector. The role drives the Compliance Risk Management Framework, ensures adherence to Prudential Authority and FSCA standards, and reports to executive management and the Board.

The ideal candidate has a decade in compliance within financial services and at least five years in senior leadership, with strong regulatory interpretation and stakeholder management skills.

Qualifications

• Bachelor’s degree in law, commerce, risk management, or related field.
• 10+ years’ compliance experience within Banking or Financial Services.
• 5+ years in a senior regulatory compliance leadership role.
• Experience developing or enhancing Compliance Risk Management Frameworks (CRMF).
• Strong knowledge of SA banking legislation and regulatory requirements.
• Experience engaging with the Prudential Authority, FSCA and/or National Credit Regulator.

Responsibilities

• Develop, implement, and oversee the Compliance Risk Management Framework (CRMF).
• Ensure compliance with banking legislation and regulator requirements.
• Maintain regulatory obligations register and integrate requirements into operations.
• Lead annual compliance monitoring and remediation actions.
• Advise executive management and board on regulatory matters.
• Manage engagements with regulatory authorities and inspections.
• Oversee regulatory reporting, breach registers, and attestations.
• Assess regulatory impact of new products and initiatives.

Skills

Regulatory leadership

Regulatory risk management

Executive reporting

Stakeholder engagement

Education

Bachelor’s degree in law, commerce, risk management, or related field

Job description

Purpose of the Role

Our reputable client within the Banking and Financial Services sector is seeking a highly experienced and driven Head of Regulatory Compliance to join their Compliance division.

The successful candidate will be responsible for developing, implementing, and overseeing the organization’s Compliance Risk Management Framework (CRMF), ensuring adherence to applicable banking legislation, regulatory requirements, and governance standards.

This senior role requires a strong regulatory compliance professional who can effectively manage regulatory risks, engage with regulatory authorities, and provide strategic compliance guidance to Executive Management and the Board.

Key Responsibilities

• Develop, implement, and maintain the organization’s Compliance Risk Management Framework (CRMF).
• Ensure compliance with applicable banking legislation, Prudential Authority requirements, FSCA regulations and the National Credit Act.
• Maintain the regulatory universe and obligations register, ensuring regulatory requirements are appropriately incorporated into business operations.
• Develop and execute annual compliance monitoring plans, identifying risks and ensuring corrective actions are implemented.
• Monitor legislative and regulatory changes and advise the business on their implications.
• Manage relationships and engagements with regulatory authorities, including inspections, reviews, and information requests.
• Oversee regulatory compliance reporting, breach registers, and compliance attestations.
• Provide regulatory compliance advice to Executive Management, the Board and business stakeholders.
• Assess regulatory implications of new products, services, partnerships, and digital initiatives.
• Collaborate with internal risk, audit, and specialist compliance functions to ensure effective regulatory oversight.
• Develop compliance training initiatives and promote a strong compliance culture.
• Support the development of the compliance function and ensure regulatory readiness as the organization grows.

Minimum Requirements – Non-Negotiable

• Bachelor’s degree in law, Commerce, Risk Management, or a related field.
• Minimum 10 years' compliance experience within Banking or Financial Services.
• Minimum 5 years' experience in a senior regulatory compliance leadership role.
• Proven experience developing, implementing, or enhancing Compliance Risk Management Frameworks (CRMF).
• Strong knowledge of South African banking legislation and regulatory requirements.
• Proven experience engaging with the Prudential Authority, FSCA and/or National Credit Regulator.
• Experience managing regulatory inspections, compliance monitoring, and regulatory reporting.
• Experience identifying compliance risks, implementing corrective measures, and managing remediation processes.
• Strong understanding of compliance monitoring and testing methodologies.
• Excellent regulatory interpretation, stakeholder management, and executive reporting skills.

Advantageous

• Recognized professional compliance qualification or certification.
• Experience within a newly established or rapidly growing banking institution.
• Experience establishing or significantly enhancing regulatory compliance functions.
• Exposure to banking regulatory readiness and governance requirements.

Key Competencies

• Strong regulatory and analytical skills.
• Excellent attention to detail.
• High levels of integrity and professional judgement.
• Strong leadership and stakeholder management abilities.
• Excellent communication and presentation skills.
• Ability to interpret complex legislation and implement practical compliance solutions.
• Strategic thinking with a hands‑on approach.
• Ability to operate effectively in a fast‑paced, evolving banking environment.

Please take note: if you have not been contacted within 14 days, please consider your application unsuccessful.2