Senior Compliance Officer - Financial Regulation

Placements24; East London; On-site; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Private medical aid

Provident fund

Generous paid time off

Job summary

Placements24 is seeking a Senior Compliance Officer to lead the Legal and Compliance function in East London, Eastern Cape. The role focuses on monitoring regulations, implementing robust compliance programs, and advising business units to ensure adherence to FAIS, FICA, POPIA and related laws.

The ideal candidate will have a Bachelor’s degree in a relevant field, 5+ years in financial services compliance, and strong analytical and communication skills to navigate complex regulatory environments

Qualifications

• Bachelor's degree in Law, Finance, Business Administration, or related field.
• Minimum 5 years in compliance, legal, or risk within financial services.
• Proficiency in compliance software and strong analytical abilities.

Responsibilities

• Monitor and interpret applicable financial regulations and legislation.
• Develop, implement and maintain compliance policies and procedures.
• Conduct compliance risk assessments and internal audits to identify gaps.
• Oversee corrective actions to address compliance deficiencies.
• Advise business units on compliance requirements and best practices.
• Manage regulatory reporting and submissions to authorities.
• Develop and deliver compliance training for employees.
• Investigate potential compliance breaches as needed.

Skills

Analytical skills

Regulatory knowledge

Communication

Education

Bachelor's degree in Law/Finance/Business Admin

Job description

About the Role

Our client, a respected financial institution, is seeking a dedicated and experienced Senior Compliance Officer to join their Legal and Compliance department in East London, Eastern Cape . This role is essential for ensuring the company operates in full adherence to all relevant financial regulations, laws, and internal policies. You will be responsible for monitoring regulatory changes, assessing their impact, developing and implementing compliance programs, and conducting internal audits. The ideal candidate will possess a strong understanding of financial compliance frameworks, excellent analytical skills, and the ability to advise business units on compliance matters. This is a critical role contributing to the integrity and reputation of the organization.

Key Responsibilities

• Monitor and interpret applicable financial regulations and legislation impacting the business.
• Develop, implement, and maintain comprehensive compliance policies and procedures.
• Conduct regular compliance risk assessments and internal audits to identify potential gaps.
• Oversee the implementation of corrective actions to address compliance deficiencies.
• Advise business units on compliance requirements and best practices.
• Manage regulatory reporting requirements and submissions to relevant authorities.
• Develop and deliver compliance training programs to employees.
• Investigate potential compliance breaches and elevate as necessary.
• Liaise with regulatory bodies during examinations and inquiries.
• Stay updated on industry trends and emerging compliance risks.

Requirements

• Bachelor's degree in Law, Finance, Business Administration, or a related field; relevant professional certifications (e.g., CAMS, CRCM) are highly advantageous.
• Minimum of 5 years of experience in a compliance, legal, or risk management role within the financial services industry.
• In-depth knowledge of South African financial regulations (e.g., FAIS, FICA, POPIA, Companies Act).
• Strong understanding of banking, investment, or insurance industry operations.
• Excellent analytical, research, and problem-solving skills.
• Proficiency in compliance management software and tools.
• Strong written and verbal communication skills, with the ability to articulate complex legal and regulatory concepts.
• High level of integrity, ethical conduct, and attention to detail.
• Ability to work independently and manage multiple priorities effectively.
• Experience in conducting internal investigations is a plus.

Benefits

• Our client offers a competitive salary package, along with performance-related bonuses and comprehensive benefits including private medical aid, a provident fund, and generous paid time off.
• This position is based in East London, Eastern Cape , offering a professional working environment.
• We are committed to employee development, providing opportunities for further training, certifications, and career progression within the compliance field.
• Join a dedicated team focused on upholding the highest standards of integrity and regulatory adherence in East London .