Compliance Officer
Job Location:
Paarl - South Africa
Monthly Salary:
Experience Required:
Posted:
Application Deadline:
Vacancies:
Job Summary
- Policy development and enforcement related to money laundering terrorist financing and proliferation financing
- Policy & Control Enhancements
- Customer Risk Rating/Profiling
- Training & Awareness: Provide AML/CTF/CPF training and refresher training to staff
- Maintain and review Risk Management & Compliance Program (RMCP)
- Regulatory Reporting
- Regulatory Compliance
- Regulatory Engagement
- Transaction Reporting
- Sanctions & PEP Screening
- Risk Identification & Remediation
- Corporate Onboarding: Vet review and onboard corporate clients ensuring compliance with internal and external regulatory requirements
- Due Diligence: Conduct detailed due diligence checks on prospective partners organizations and counterparties to mitigate financial crime risks
- Review and endorsement of Contracts/Agreements
- Grade 12
- BCom degree (preferred majors: Compliance Law Finance Risk Management or related field). Advantage
- Additional compliance certifications beneficial (e.g. Compliance Institute of SA accreditation AML/CFT certifications or relevant governance qualifications)
- Minimum 5 years compliance experience within the financial services sector (excluding ADLA-only experience)
- Demonstrated experience interacting with regulators preparing compliance documentation and supporting regulatory audits
- Proven experience in compliance monitoring reporting and advisory functions within an FSP environment
- Strong understanding of the financial regulatory environment applicable to FSPs including FIC Act and the 7 Pillars of AML/CFT Compliance FAIS / Conduct Standards (or equivalent legislation in your jurisdiction) Treating Customers Fairly (TCF) principles POPIA / Data protection requirements Outsourcing and third-party regulatory requirements
- Experience in Banking and Financial Services compliance with a solid understanding of regulatory bodies and supervisory expectations
- Ability to analyse draft and review commercial contracts and service agreements to ensure regulatory compliance and risk mitigation
- Anti-Money Laundering / Counter-Financing of Terrorism (AML/CFT) expertise including risk assessments monitoring reporting and governance
- Strong risk management analytical and problem-solving abilities
- Ability to interpret and apply complex regulatory requirements to business operations
Required Skills:
Grade 12 BCom degree (preferred majors: Compliance Law Finance Risk Management or related field). Advantage Additional compliance certifications beneficial (e.g. Compliance Institute of SA accreditation AML/CFT certifications or relevant governance qualifications) Minimum 5 years compliance experience within the financial services sector (excluding ADLA-only experience) Demonstrated experience interacting with regulators preparing compliance documentation and supporting regulatory audits Proven experience in compliance monitoring reporting and advisory functions within an FSP environment Strong understanding of the financial regulatory environment applicable to FSPs including FIC Act and the 7 Pillars of AML/CFT Compliance FAIS / Conduct Standards (or equivalent legislation in your jurisdiction) Treating Customers Fairly (TCF) principles POPIA / Data protection requirements Outsourcing and third-party regulatory requirements Experience in Banking and Financial Services compliance with a solid understanding of regulatory bodies and supervisory expectations Ability to analyse draft and review commercial contracts and service agreements to ensure regulatory compliance and risk mitigation Anti-Money Laundering / Counter-Financing of Terrorism (AML/CFT) expertise including risk assessments monitoring reporting and governance Strong risk management analytical and problem-solving abilities Ability to interpret and apply complex regulatory requirements to business operations
Required Education:
Grade 12BCom degree (preferred majors: Compliance Law Finance Risk Management or related field). AdvantageAdditional compliance certifications beneficial (e.g. Compliance Institute of SA accreditation AML/CFT certifications or relevant governance qualifications)
