Compliance Officer JHB 3 Year FTC
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Job Location:
Durban - South Africa
Monthly Salary:
Not Disclosed
Posted on:
13 hours ago
Vacancies:
1 Vacancy
Job Summary
Job Specification
Our client is seeking a professional Compliance Officer to join their team for a 3 Year Fixed Term Contract. The purpose of this role is to ensure compliance with the regulatory framework governing the competitive electricity market in South Africa. The Compliance Officer will be required to monitor the conduct of market participants assess adherence to the Electricity Regulation Act market rules licence conditions anddecisions and recommend corrective or enforcement actions in cases of non-compliance. The incumbent will further be required to support the development and implementation of compliance monitoring systems coordinate investigations and provide technical and regulatory input to maintain market integrity and protect consumer and stakeholder interests.
Qualifying Criteria:
- Bachelors Degree (NQF 7) in Law Economics Energy Studies Public Administration or a related field as recognised by SAQA
- Postgraduate qualification in Regulatory Compliance Energy Policy Competition Law or Project Management will be advantageous
- Minimum of four (4) years experience in compliance monitoring enforcement or regulatory operations within the electricity energy or utilities sector
- Experience in interpreting and applying regulatory frameworks licence conditions and industry codes
- Experience conducting audits investigations or risk assessments
- Exposure to market surveillance competition regulation or legal enforcement processes will be beneficial
- Strong understanding of the Electricity Regulation Act NERSA compliance framework and related policies
- Strong understanding of regulatory compliance monitoring investigation and enforcement.
Key Responsibilities (Not limited to):
- Compliance Monitoring and Enforcement: - Monitor the conduct and performance of electricity market participants (generators traders distributors the Market Operator etc.) to ensure compliance with the approved market rules codes and licence conditions
- Identify and report any deviations irregularities or breaches of market regulations
- Conduct compliance reviews audits and inspections of licensees and registered participants
- Prepare compliance assessment reports with recommendations for corrective or enforcement action
- Regulatory Framework Implementation: - Assist in developing and implementing compliance monitoring frameworks procedures and tools to support effective market oversight
- Support the alignment of compliance processes with international best practices and the amended Electricity Regulation Act
- Contribute to updating compliance requirements in line with new or revised market rules and policy directions
- Investigation and Enforcement Support: - Conduct or support investigations into suspected non-compliance anti-competitive behaviour or market manipulation
- Compile evidence and documentation to support enforcement actions
- Liaise with the Legal and Enforcement teams in preparing enforcement cases for regulatory consideration
- Track the implementation of remedial actions by non-compliant entities
- Stakeholder Engagement and Awareness: - Engage with market participants to communicate compliance requirements enforcement out-comes and regulatory expectations
- Support capacity-building initiatives and workshops aimed at improving industry compliance culture
- Representin compliance forums and meetings with licensees traders and other regulatory bodies
- Reporting and Advisory Support : - Prepare periodic compliance monitoring and enforcement reports for submission to the Head of Department Executive
Should you meet ALL of the above requirements please send your CV to
Disclaimer: Should you not hear from us within 2 weeks please consider your application unsuccessful.
Required Experience:
Contract
Key Skills
- Compliance Management
- Risk Management
- Financial Services
- PCI
- Banking
- Cost Accounting Standards
- Quality Systems
- Research Experience
- NIST Standards
- Securities Law
- SOX
- ISO 27000
