Junior Compliance Officer

Intembeko Investment Administrators; Cape Town; On-site; ZAR 480,000 - 720,000; Full time

Job summary

Intembeko Investment Administrators in South Africa seeks a Compliance Officer to support execution of the compliance framework across the business and products, including Manco/unit trusts, hedge funds, retirement funds, tax-free savings, living annuities, endowments, and other linked investment products within a TPA environment.

The role covers monitoring, regulatory compliance, AML/KYC, governance, reporting, training, and project involvement.

Qualifications

• 2 years of experience within financial services.
• Experience in a FAIS-regulated environment (CAT 1 and/or CAT 3 preferred).
• Relevant tertiary qualification (Law, Commerce, Risk or equivalent).

Responsibilities

• Support compliance monitoring activities and testing across operational processes.
• Assist in implementing regulatory changes and liaising with FSCA, FIC and industry bodies.
• Perform onboarding reviews, client due diligence, and ongoing monitoring (KYC/CDD/EDD).
• Prepare compliance reports and maintain risk registers and compliance documentation.
• Deliver and support compliance training and promote regulatory awareness across the business.
• Contribute to governance, product governance, and project integration.

Education

Relevant tertiary qualification (Law, Commerce, Risk or equivalent)

Job description

Purpose of the job

The Compliance Officer supports the execution of the compliance framework across the business and the products administered by Intembeko, ensuring alignment with Intembeko’s regulatory universe. The role provides hands‑on compliance support across a range of administered products including collective investment schemes (Manco/unit trusts), hedge funds, retirement funds, tax‑free savings products, living annuities, endowments and other linked investment products within a third‑party administration (TPA) environment.

The Compliance Officer supports the execution of the compliance framework across the business and the products administered by Intembeko, ensuring alignment with Intembeko’s regulatory universe. The role provides hands‑on compliance support across a range of administered products including collective investment schemes (Manco/unit trusts), hedge funds, retirement funds, tax‑free savings products, living annuities, endowments and other linked investment products within a third‑party administration (TPA) environment.

Compliance Monitoring and Testing

• Assist in implementing the annual risk‑based Compliance Monitoring Plans.
• Conduct compliance monitoring activities and testing in accordance with approved monitoring procedures.
• Conduct compliance monitoring activities and testing across operational processes and administration functions.
• Review business processes, operational controls, documentation and supporting evidence to assess compliance with applicable regulatory requirements.
• Perform sample‑based testing of controls and business activities.
• Identify compliance risks, control weaknesses and non‑compliant activities
• Document monitoring procedures, findings, conclusions and supporting evidence.
• Prepare draft compliance monitoring reports for review by compliance officers.
• Maintain a compliance findings and remediation tracker.
• Follow up with relevant business units on outstanding remediation actions.
• Verify evidence of corrective action and recommend closure of findings.
• Escalate significant, recurring or overdue compliance issues.
• Assist operational teams with practical compliance guidance and regulatory interpretation.

Regulatory Compliance

• Assist in ensuring compliance with, including but not limited to, the FAIS Act and FSCA Conduct Standards, FICA and AML/CFT legislation, CISCA, Pension Funds Act, Long‑Term Insurance Act, Income Tax Act (as applicable) and POPIA and data protection requirements.
• Assist in evaluating and implementing regulatory changes within the business.
• Assist with regulatory submissions and reporting requirements.
• Support the maintenance and implementation of the compliance framework, ensuring alignment with applicable regulatory requirements.
• Support engagements with regulatory bodies including the FSCA, FIC and industry bodies, where required.

AML, KYC and Tax Transparency

• Perform AML/CFT operational compliance activities across clients and administered products.
• Conduct onboarding reviews, client due diligence and ongoing monitoring activities.
• Perform Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) and ongoing monitoring activities in line with risk‑based methodologies.
• Perform sanctions screening, transaction monitoring and suspicious activity escalation processes.
• Perform transactional and process‑based compliance reviews, including, but not limited to, client onboarding and KYC/FICA reviews, operational process adherence, mandates, disclosures and agreements, record‑keeping and regulatory documentation.
• Assist with FATCA and AEOI/CRS monitoring and reporting obligations.

Governance & Reporting

• Prepare compliance reports for compliance officers.
• Assist with maintaining risk registers, monitoring records and compliance documentation.
• Assist with policy reviews and updates.
• Support the overall governance and risk management framework of the business.
• Contribute to product governance activities, including onboarding and ongoing compliance reviews.

Training and Compliance Culture

• Assist with delivering and supporting compliance training and awareness initiatives across the business.
• Promote a strong compliance culture and regulatory awareness within the business.
• Assist with providing practical guidance to operational teams on regulatory obligations and compliance processes.

Project and Change Involvement

• Support compliance input into business and client projects.
• Assist with implementation of regulatory requirements into operational and project processes.
• Participate in initiatives aimed at improving compliance controls, operational effectiveness and regulatory outcomes.
• Assist with ad hoc compliance and governance matters where required.

Ideal Experience

• 2 years experience within financial services.
• Experience working within a FAIS‑regulated environment (CAT 1 and/or CAT 3 preferred).

Ideal Qualifications

• Relevant tertiary qualification (Law, Commerce, Risk or equivalent).

Competencies and ideal attributes

• High integrity and sound ethical judgment.
• Strong risk‑based decision‑making capability.
• Ability to interpret legislation and translate into operational processes.
• Strong communication and stakeholder engagement capability.
• Highly organised with strong attention to detail and follow‑through
• Good analytical and problem‑solving capability.
• Ability to operate effectively in a regulated and fast‑paced environment.
• Ability to work independently and exercise sound judgment.
• Team‑oriented with a proactive and hands‑on approach

Technical knowledge

• Working knowledge of FAIS Act and FSCA Conduct Standards, FICA and AML/CFT frameworks, CISCA and collective investment scheme regulations, Pension Funds Act and retirement product regulations, Long‑Term Insurance Act, FATCA and AEOI/CRS obligations.
• Knowledge of operational compliance monitoring methodologies and risk‑based approaches.
• Intembeko Investment Administrators is a South African company committed to meaningful transformation. We would like to help redress the imbalances of the past and appoint suitably qualified candidates from designated groups into meaningful roles.