The Compliance Officer ensures adherence to financial sector regulations, mitigates legal risks, and implements effective compliance frameworks. This role involves monitoring transactions, reporting suspicious activities, and leveraging RegTech solutions to maintain organizational integrity within South Africa’s stringent regulatory environment. Key Responsibilities
1. Regulatory Compliance & Monitoring

• Ensure compliance with FSCA (Financial Sector Conduct Authority), SARB (South African Reserve Bank), FICA, and POPIA regulations.
• Monitor adherence to FAIS Act, POCA (Prevention of Organized Crime Act), and NCA (National Credit Act).
• Conduct gap analyses for new/changing legislation (e.g., 2024 FSCA amendments).

2. Anti-Money Laundering (AML) & Counter-Terrorist Financing (CTF)

• Implement AML/CFT controls and conduct customer due diligence (CDD).
• File STRs (Suspicious Transaction Reports) with the FIC (Financial Intelligence Centre).
• Investigate PEP (Politically Exposed Persons) and sanctions list matches.

3. Risk Assessments & Internal Audits

• Perform compliance risk assessments and develop mitigation strategies.
• Coordinate internal audits and manage findings with corrective action plans.
• Maintain King IV Corporate Governance alignment.

4. Policies & Training

• Draft/update compliance policies, manuals, and procedures.
• Conduct staff training on FICA, POPIA, and ethical business practices.
• Advise management on B-BBEE compliance requirements.

5. Reporting & Stakeholder Engagement

• Prepare reports for FSCA, FIC, and board committees.
• Liaise with external auditors, regulators, and legal teams.
• Present compliance metrics to executives and risk committees.

6. Technology & RegTech Solutions

• Use AML software (e.g., LexisNexis Risk Solutions, Refinitiv World-Check).
• Automate compliance workflows with SAP GRC, MetricStream, or NICE Actimize.
• Leverage AI-driven transaction monitoring for real-time anomaly detection.

Required Skills & Competencies
Technical Skills
✅ Regulatory Knowledge: FSCA, FICA, FAIS, POPIA, POCA
✅ AML/CFT Tools: World-Check, SAS AML, Oracle FCCM
✅ Risk Management: COSO, ISO 31000, Basel III compliance
✅ Data Analytics: Power BI, SQL (for compliance reporting)
✅ Audit Frameworks: IIA Standards, internal control testing
Soft Skills
✔ Attention to Detail – Identifying regulatory breaches
✔ Analytical Thinking – Interpreting complex legislation
✔ Communication – Training staff and engaging regulators
✔ Integrity – Handling sensitive information confidentially Qualifications & Certifications
Mandatory:

• Bachelor’s degree in Law, Finance, or Risk Management (LLB, BCom, BSc).
• Postgraduate Diploma in Compliance Management (Preferred).

Professional Certifications (Highly Valued):

• CAMS (Certified Anti-Money Laundering Specialist) 
• CRCP (Certified Regulatory Compliance Professional) 
• ICA Diploma in Compliance (International Compliance Association)
• CA(SA)/CFA with Compliance Focus