Risk and Compliance Manager
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Job Location:
Cape Town - South Africa
Monthly Salary:
Not Disclosed
Posted on:
5 hours ago
Vacancies:
1 Vacancy
Job Summary
- Regulatory Compliance & Governance
- Ensure full compliance with all applicable South African legislation including but not limited to:
- National Gambling Act
- Western Cape Gambling and Racing Board Act and Regulations
- FICA
- POPIA
- All other relevant gaming financial crime and data protection legislation
- Act as the primary point of contact for regulators licensing authorities and external compliance stakeholders.
- Manage all licensing approvals submissions renewals and regulatory reporting requirements.
- Ensure ongoing compliance with provincial licensing conditions and statutory obligations.
- Maintain audit readiness at all times and manage regulatory inspections and audits.
- Embed a culture of compliance accountability and ethical conduct across the business.
2. Risk Management & RMCP Ownership
- Own and maintain the Risk Management and Compliance Programme (RMCP) in line with legislative and regulatory requirements.
- Regularly review update and enhance the RMCP to reflect regulatory changes business growth and emerging risks.
- Develop update and maintain internal processes and policies in line with the RMCP
- Identify assess document and mitigate operational financial regulatory and reputational risks.
- Develop and maintain risk registers control frameworks and monitoring plans.
- Provide regular risk reporting and recommendations to senior management.
3. Financial Crime Fraud & Player Risk
- Run the end-to-end risk function across the betting operation.
- Design implement and monitor fraud detection and prevention frameworks.
- Identify and investigate fraud bonus abuse arbitrage syndicate play and other forms of player manipulation.
- Conduct Enhanced Due Diligence (EDD) investigations and player risk assessments where required.
- Oversee AML controls suspicious transaction monitoring and reporting obligations.
- Work closely with payments customer support and trading teams to manage player risk effectively.
4. Monitoring Controls & Reporting
- Monitor all statutory and regulatory requirements to ensure ongoing compliance.
- Develop and maintain policies procedures and internal controls aligned to legislation and best practice.
- Track regulatory changes and proactively assess business impact.
- Produce clear accurate compliance and risk reporting for management and regulators.
- Ensure proper record-keeping and documentation in line with statutory requirements.
5. Stakeholder & Cross-Functional Collaboration
- Partner closely with Operations Finance Product Technology and Customer Support teams to embed risk and compliance controls into day-to-day operations.
- Support product launches promotions and platform changes from a risk and compliance perspective.
- Provide guidance and training to internal teams on compliance obligations and risk awareness.
- Engage external advisors auditors and service providers where required
Qualifications :
Required:
Minimum 5 years experience in a Risk and/or Compliance role within iGaming betting financial services or a similarly regulated environment.
Strong practical working knowledge of:
- National Gambling Act
- Western Cape Gambling and Racing Board Act
- FICA and AML frameworks
- POPIA
Proven experience managing licensing regulatory submissions and regulator engagement.
Hands-on experience in fraud detection AML bonus abuse syndicate play and player investigations.
Experience developing maintaining and operationalising RMCPs.
Strong analytical and investigative skills with high attention to detail
Key Competencies
- Deep understanding of South African gaming regulation
- Strong risk assessment and investigative capability
- High ethical standards and integrity
- Structured process-driven and detail-oriented
- Confident communicator with regulators and internal stakeholders
- Decisive pragmatic and solutions-focused
- Able to operate independently in a fast-paced environment
Additional Information :
Why Join Us
- Competitive Packages: We offer a competitive salary and opportunities for career advancement within a fast-growing industry.
- Collaborative Work Environment: Youll join a diverse team of professionals who are passionate about innovation and customer engagement.
- Career Growth: Develop your skills in igaming marketing gain technical expertise and be part of an exciting rapidly evolving industry.
- Challenging and Rewarding Work: Every day brings new challenges and opportunities to make a meaningful impact in a forward-thinking company.
If youre ready to build something great and make a difference in a company that values innovation apply today and join us in redefining the gaming experience!
Remote Work :
No
Employment Type :
Full-time
Key Skills
- Arm
- Risk Management
- Financial Services
- Cybersecurity
- COSO
- PCI
- Root cause Analysis
- COBIT
- NIST Standards
- SOX
- Information Security
- RMF
About Company
We are a new and upcoming Live Studio based in Cape Town. Our aim is to deliver a world class betting/ Live Studio experience by providing professional and friendly service, delivered on a state-of-the-art platform. We are a dynamic and experienced team, in an exciting new company ... View more
