Senior Compliance Officer - Financial Services

Placements24; Sandton; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary

Fully remote

Medical aid

Retirement fund benefits

Career development opportunities

Job summary

Placements24 seeks an experienced Senior Compliance Officer for a fully remote role in South Africa. You will develop, implement, and maintain the compliance framework, mitigate risks, and guide the business on regulatory matters across FICA, POPIA and FAIS Act.

Ideal candidates have 6+ years in financial services compliance, strong analytical skills, and the ability to train staff and interact with regulators. This position offers substantial impact within a respected financial institution.

Qualifications

• Bachelor's degree in Law, Finance, Business Administration, or related field.
• Minimum 6 years of experience in compliance in financial services.
• Strong knowledge of South African financial services legislation and regulatory frameworks.
• Excellent written and verbal communication; ability to articulate complex regulatory requirements.
• Experience in developing and implementing compliance programs and policies.
• Ability to work independently in a remote setting.
• Certifications such as CCEP or CRCM are advantageous.

Responsibilities

• Develop, implement, and manage the company's compliance program aligned with regulations.
• Conduct regular compliance risk assessments and audits.
• Monitor regulatory changes and update policies accordingly.
• Deliver compliance training to staff across departments.
• Investigate breaches and customer complaints.
• Serve as primary contact for regulators and inspections.
• Advise management on compliance matters and best practices.
• Maintain records of compliance activities and training.
• Support internal controls to prevent fraud and misconduct.
• Stay updated on industry best practices in financial services.

Skills

Regulatory compliance

Risk assessment

Regulatory research

Policy development

Audit familiarity

Communication skills

Education

Bachelor's degree in Law, Finance, Business Administration

Job description

About the Role

Our client, a prominent financial institution, is seeking an experienced Senior Compliance Officer to ensure adherence to regulatory requirements and internal policies. This is a fully remote position, allowing you to work from anywhere in South Africa. You will play a critical role in developing, implementing, and maintaining the company's compliance framework, mitigating risks, and fostering a culture of ethical conduct. The ideal candidate will possess a deep understanding of financial services regulations, strong analytical skills, and the ability to provide expert guidance on compliance matters. This is an excellent opportunity to make a significant impact within a dynamic and reputable organization.

Key Responsibilities

• Develop, implement, and manage the company's compliance program, ensuring alignment with all relevant financial services regulations (e.g., FICA, POPIA, FAIS Act).
• Conduct regular compliance risk assessments and audits to identify potential areas of non-compliance and recommend corrective actions.
• Monitor regulatory changes and updates, assessing their impact on the business and implementing necessary adjustments to policies and procedures.
• Develop and deliver compliance training programs to employees across various departments.
• Investigate compliance breaches and customer complaints, recommending appropriate resolutions.
• Act as the primary point of contact for regulatory bodies, responding to inquiries and facilitating inspections.
• Advise senior management and business units on compliance-related matters and best practices.
• Maintain comprehensive records of compliance activities, policies, and training.
• Contribute to the development and enhancement of internal controls to prevent fraud and misconduct.
• Stay abreast of industry best practices and emerging compliance trends in the financial services sector.

Requirements

• A Bachelor's degree in Law, Finance, Business Administration, or a related field.
• Minimum of 6 years of experience in a compliance or regulatory role within the financial services industry (banking, insurance, investment management).
• Thorough knowledge of South African financial services legislation and regulatory frameworks.
• Strong analytical, problem-solving, and investigative skills.
• Excellent written and verbal communication skills, with the ability to articulate complex regulatory requirements.
• Proven experience in developing and implementing compliance programs and policies.
• Ability to work independently, manage multiple priorities, and meet deadlines in a remote setting.
• High ethical standards and integrity.
• Professional certifications such as CCEP, CRCM, or equivalent are advantageous.

Benefits

• Highly competitive salary with potential for annual bonuses.
• Flexible, fully remote working arrangement.
• Comprehensive medical aid, life insurance, and retirement fund benefits.
• Significant opportunities for professional development and career advancement.
• A challenging and impactful role within a well-respected financial institution.