Head of Compliance

The Head of Compliance responsible for monitoring and managing the daily compliance works for all business activities, ensure to comply with the internal policies and external regulations The incumbent, working with our external compliance consultant to ensure regulatory FAIS and ODP requirements are effectively implemented within business. This role is to ensure effective monitoring of processes and related controls in accordance with compliance methodology and minimum standards. Accountabilities Overseeing compliance functions, ensure sufficient resources and training are in place to successfully discharge the objectives of the functions Monitoring and identifying regulatory developments, including enforcement actions, new laws, regulations, rules and interpretations or guidance relating to the business of the firm Identifying potential compliance risk and actively advise management to implement proper compliance program to address any potential regulatory problems Leading and executing a risk-based AML compliance program to ensure ongoing compliance with statutory and regulatory requirements Implementation and oversight of all aspects of AML systems, including monitoring effectiveness and enhancing the controls and procedures where necessary Serving as the primary point of contact for compliance communications FAIS Monthly FAIS Compliance Meeting Monthly Exco Meeting Bi-annual Board Meeting Maintain competence register Keep supervision forms up to date CTR and CTA report to FIC Check bank accounts daily for cash deposits Quarterly SARB reporting Review policies: Update and sign off by KI Fit & Proper declarations Liquidity calculations bi -annual BEE certificate Annual FSCA Levies payment Professional Indemnity and Fidelity Insurance POPIA ODP Weekly meeting regarding compliance, risk Monthly meetings: EXCO, IT, Compliance and Risk Committees Monthly risk reports and screen shots Annual review of 3rd party providers Annual IT audit Annual supervisory review with FSCA Capital adequacy quarterly Monthly report of unconfirmed transactions Portfolio compression bi-annually Board meeting and prep bi-annually Review policies and procedures Annually Experience & Skills Undergraduate degree or above and relevant professional qualifications in regulatory compliance, banking, risk management, accounting, or equivalents 10 years of experience in FAIS compliance, including 5 years of experience in a decision-making function Solid working knowledge of current regulatory issues in South Africa: Regulatory Legislation and Financial Markets with a focus on Conduct Standards 1 & 2, FAIS, AML, POPI, FMA, etc. Candidate with RE5 Qualification is a must

Location: CapeTown, ZA

Posted Date: 7/25/2025