Payments Compliance Lead: Regulatory & Risk Expert

Old Mutual Limited; Johannesburg; Vor Ort; ZAR 900.000 - 1.200.000; Vollzeit

Zusammenfassung

Old Mutual Limited's OM Bank is seeking a Payments Compliance Manager to lead the design and oversight of a payments compliance programme in line with the National Payments System Act, PASA rules, and SARB expectations.

The role requires experience in compliance and conduct risk, with a focus on licensing, remediation planning, and reporting to regulators. You will collaborate with cross-functional teams to embed strong controls and maintain regulator relationships.

Qualifikationen

• Bachelor’s degree in law, Finance, Compliance, or related field (postgraduate qualification advantageous).
• 5–7 years’ experience in compliance, risk management, or regulatory affairs, preferably within banking or financial services.
• Strong knowledge of the National Payments System Act, subordinate legislation, PASA rules, and SAMOS clearing and settlement processes.
• Experience in developing compliance programmes, policies, and monitoring frameworks.
• Proven track record of managing regulatory reporting, stakeholder engagement and Exchange Control.

Aufgaben

• Assist the Head of Regulatory and Conduct Risk in designing and implementing a payments compliance programme
• Ensure all required licenses are obtained and maintained in good standing
• Identify and assess regulatory requirements impacting payments under the National Payments System Act, PASA rules, and related frameworks
• Conduct impact assessments and prepare remediation plans for identified gaps
• Track remediation progress by business units to completion
• Oversee compliance relating to SAMOS (South African Multiple Option Settlement system) and the clearing and settlement of both local and offshore payments
• Develop and maintain payments compliance policies, procedures, and guidance for the Bank
• Collaborate with business units to implement operational controls and processes aligned with regulatory requirements
• Provide recommendations on best practice to strengthen the payments control environment
• Monitor payments compliance across business units to ensure ongoing adherence
• Prepare and submit internal compliance reports and regulatory reports to SARB, PASA, and other relevant stakeholders
• Support the Chief Compliance Officer in establishing and maintaining relationships with payments supervisory and regulatory bodies
• Act as a subject matter expert on payments compliance, advising business units on regulatory obligations
• Collaborate with cross-functional teams to embed compliance into operational processes
• Represent the Bank in regulatory discussions and industry forums where required
• Provide oversight and execution of Exchange control strategy, performance, risks, and regulatory developments
• Draft and implement the Exchange control compliance programme
• Collaborate with 1stline to ensure operationalisation of Exchange Control regulatory requirements are embedded
• Maintain effective compliance engagement with SARB, PASA, SAMOS and other bodies
• The Payments Compliance Manager will be responsible for maintaining effective compliance engagement with: South African Reserve Bank (SARB) – ensuring adherence to the National Payments System Act and supervisory requirements; Payments Association of South Africa (PASA) – compliance with industry rules and operational standards; SAMOS – oversight of compliance relating to clearing and settlement of local and offshore payments; Other relevant payments supervisory and regulatory bodies as required.

Kenntnisse

Compliance knowledge

Regulatory reporting

Stakeholder management

Analytical thinking

Ausbildung

Bachelor’s degree in law/finance/compliance

Tools

SAMOS

Regulatory reporting systems

Jobbeschreibung

Old Mutual Limited's OM Bank is seeking a Payments Compliance Manager to lead the design and oversight of a payments compliance programme in line with the National Payments System Act, PASA rules, and SARB expectations.

The role requires experience in compliance and conduct risk, with a focus on licensing, remediation planning, and reporting to regulators. You will collaborate with cross-functional teams to embed strong controls and maintain regulator relationships.