Senior Compliance Officer - Vereeniging Financial Services

Placements24; Vereeniging; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Medical aid

Pension fund

Performance bonuses

Career development opportunities

Job summary

Placements24 in Vereeniging, Gauteng seeks a Senior Compliance Officer to lead regulatory adherence and risk management in the financial services sector. You will design and monitor compliance programs, conduct risk assessments, provide guidance to business units, and liaise with regulators to ensure ongoing compliance with FAIS, FICA, POPIA, and AML/CFT requirements.

The role is office-based in Vereeniging, offering a stable environment, professional development, and opportunities to drive

Qualifications

• Bachelor's degree in Law, Commerce, Finance, or related field.
• Minimum of 5 years of experience in a compliance role within the financial services sector.
• In-depth knowledge of SA regulations including FAIS, FICA, POPIA, and AML/CFT.
• Experience developing and implementing compliance programs and conducting risk assessments.

Responsibilities

• Develop, implement, and maintain a comprehensive compliance framework and policies.
• Conduct regular compliance risk assessments and internal audits to identify potential vulnerabilities.
• Monitor regulatory changes and ensure the organization adapts its policies and procedures accordingly.
• Investigate potential compliance breaches and breaches of codes of conduct, recommending and implementing corrective actions.
• Provide expert advice and training to staff on compliance-related matters, including AML/CFT, POPIA, and FAIS.
• Manage relationships with regulatory bodies, responding to inquiries and facilitating inspections.
• Oversee the suspicious transaction reporting process and ensure timely submissions.
• Develop and deliver compliance training programs to employees across all levels.
• Maintain accurate records of compliance activities and ensure reporting obligations are met.

Skills

Compliance expertise

Regulatory knowledge

Risk assessment

Training delivery

Analytical skills

Education

Bachelor's degree (Law/Commerce/Finance)

Job description

About the Role

Our client, a respected financial institution, is seeking a diligent and experienced Senior Compliance Officer to join their team in Vereeniging, Gauteng. This role is pivotal in ensuring adherence to all regulatory requirements, internal policies, and ethical standards governing the financial services industry. The Senior Compliance Officer will be responsible for developing, implementing, and monitoring compliance programs, conducting risk assessments, and providing guidance to business units on regulatory matters. This position requires a thorough understanding of South African financial regulations and a proactive approach to managing compliance risks. The role is office-based in Vereeniging, Gauteng, fostering close collaboration with colleagues.

Key Responsibilities

• Develop, implement, and maintain a comprehensive compliance framework and policies.
• Conduct regular compliance risk assessments and internal audits to identify potential vulnerabilities.
• Monitor regulatory changes and ensure the organization adapts its policies and procedures accordingly.
• Investigate potential compliance breaches and breaches of codes of conduct, recommending and implementing corrective actions.
• Provide expert advice and training to staff on compliance-related matters, including AML/CFT, POPIA, and FAIS.
• Manage relationships with regulatory bodies, responding to inquiries and facilitating inspections.
• Oversee the suspicious transaction reporting process and ensure timely submissions.
• Develop and deliver compliance training programs to employees across all levels.
• Maintain accurate records of compliance activities and ensure reporting obligations are met.

Requirements

• Bachelor's degree in Law, Commerce, Finance, or a related field.
• Professional compliance qualifications are highly advantageous.
• Minimum of 5 years of experience in a compliance role within the financial services sector, preferably in banking or investment services.
• In-depth knowledge of South African financial services regulations, including but not limited to, FAIS Act, FICA, POPIA, and AML/CFT requirements.
• Proven experience in developing and implementing compliance programs and conducting risk assessments.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Excellent written and verbal communication skills, with the ability to explain complex regulations clearly.
• High ethical standards and integrity.
• Ability to work independently and manage multiple priorities effectively.
• Experience in liaising with regulatory authorities is essential.
• Must be based in or willing to relocate to Vereeniging, Gauteng.

Benefits

• Our client offers a competitive salary package, comprehensive medical aid, a pension fund, performance-related bonuses, and ample opportunities for professional development and career advancement within a stable and reputable organization.

Join a dedicated team in Vereeniging, Gauteng and contribute to upholding the highest standards of compliance.