Senior Compliance Officer (Financial Services)

Placements24; Soweto; On-site; ZAR 850,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary

Performance bonuses

Medical aid

Retirement fund

Job summary

Placements24 is seeking a Senior Compliance Officer for its client in Soweto, Gauteng. The role focuses on designing, implementing and monitoring regulatory compliance programs within a financial services group heavily involved in insurance products.

The ideal candidate will have a deep understanding of FICA, POPIA and FAIS Act, strong analytical skills and a proactive risk-management approach. Based in Soweto, this position offers growth within a stable organization.

Qualifications

• Knowledge of South African financial services regulation (FICA, POPIA, FAIS Act).
• Ability to develop and implement compliance programs and conduct internal audits.
• Strong analytical, risk assessment, and problem-solving skills.
• Excellent communication, presentation, and stakeholder management abilities.

Responsibilities

• Develop, implement, and monitor compliance policies, procedures, and controls across the organization.
• Monitor adherence to applicable laws, regulations, and industry standards including FICA, POPIA, and FAIS.
• Conduct internal compliance audits and risk assessments to identify non-compliance areas.
• Provide guidance to business units on regulatory requirements and best practices.
• Assist in regulatory reporting to authorities (e.g., FSCA).
• Manage compliance queries from internal stakeholders and resolve issues.
• Deliver compliance training programs to employees at all levels.
• Stay updated on legislative changes affecting financial services and insurance sectors.
• Investigate breaches and recommend remediation actions.
• Liaise with regulators and auditors as required.

Skills

FICA knowledge

POPIA knowledge

FAIS Act knowledge

Analytical thinking

Regulatory reporting

Communication

Education

Bachelor's degree in Law, Commerce, Finance, or related field

Job description

About the Role

Our client, a reputable financial services group with a strong focus on insurance products, is seeking a highly diligent and experienced Senior Compliance Officer to join their team in Soweto, Gauteng. This role is critical in ensuring that all operations and activities adhere to the stringent regulatory framework governing the financial services sector in South Africa. The Senior Compliance Officer will be responsible for developing, implementing, and monitoring compliance policies and procedures, conducting internal audits, and providing guidance to business units on regulatory requirements. The ideal candidate possesses a thorough understanding of relevant legislation (e.g., FICA, POPIA, FAIS Act), excellent analytical skills, and a proactive approach to risk management. This position offers a challenging and rewarding career within a stable and respected organization, contributing to the integrity and trustworthiness of our client's operations in Soweto, Gauteng.

Key Responsibilities

• Develop, implement, and maintain comprehensive compliance policies, procedures, and controls across the organization.
• Monitor adherence to all applicable laws, regulations, and industry standards, including FICA, POPIA, and FAIS.
• Conduct regular internal compliance audits and risk assessments to identify potential areas of non-compliance.
• Provide expert advice and guidance to business units on regulatory requirements and compliance best practices.
• Assist in the preparation and submission of regulatory reports to relevant authorities (e.g., FSCA).
• Manage and resolve compliance-related queries and issues raised by internal stakeholders.
• Develop and deliver compliance training programs to employees at all levels.
• Stay updated on changes in legislation and regulatory guidance affecting the financial services and insurance sectors.
• Investigate potential breaches of compliance and recommend appropriate remedial actions.
• Liaise with external regulators and auditors as required.

Requirements

• A Bachelor's degree in Law, Commerce, Finance, or a related field; relevant professional compliance certifications are highly advantageous.
• Minimum of 5-7 years of experience in a compliance role within the financial services or insurance industry.
• In-depth knowledge of South African financial services legislation and regulatory requirements (FICA, POPIA, FAIS Act, etc.).
• Proven experience in developing and implementing compliance programs and conducting internal audits.
• Strong analytical, critical thinking, and problem-solving skills.
• Excellent communication, presentation, and interpersonal skills.
• High degree of integrity, professionalism, and attention to detail.
• Ability to work independently and manage multiple priorities effectively.
• Experience working within the Soweto, Gauteng business environment is a plus.

Benefits

Our client offers a competitive salary, performance bonuses, comprehensive medical aid, and retirement fund benefits. Opportunities for professional development and continuous learning are provided. This role offers the chance to contribute significantly to the regulatory integrity of a well-established financial institution in Soweto, Gauteng.