Financial Services Compliance Specialist

1 week ago


Cape Town, Western Cape, South Africa The Recruitment Council Full time

Job Title: Financial Services Compliance Specialist

About the Role:

The Recruitment Council is seeking a highly skilled Financial Services Compliance Specialist to join our team. As a key member of our compliance department, you will be responsible for ensuring that our company remains compliant with relevant legislation and regulations.

About You:

To be successful in this role, you will need approximately 7 years of experience in a similar position within financial services, with exposure to the full compliance function in a stockbroking firm. You should have a strong understanding of financial instruments such as fixed income and derivatives, as well as knowledge of FAIS monitoring.

Responsibilities:

  • Real-time monitoring of trading activities across asset classes to ensure compliance, detect irregularities, and manage risks.
  • Monitor daily CAPAD trading limits and handle monthly submissions to the JSE.
  • Oversee onboarding and offboarding of access to trading and back-office systems to ensure compliance.
  • Conduct daily reviews to identify misdeals, outstanding allocations, faulty payments, and incorrect journals, reporting any exceptions.
  • Perform compliance and AML reviews in the stockbroking division, adhering to compliance programs and timelines.
  • Analyse the root causes of potential breaches and recommend preventative measures.
  • Report on business risks and compliance matters to the Board and Executive Committee.
  • Escalate issues of non-compliance and manage incident reporting to senior management.
  • Communicate relevant JSE market notices and directives to staff.
  • Foster relationships with exchanges and regulatory bodies.
  • Collaborate closely with Group Legal, Risk, and Compliance teams to maintain an updated and effective compliance program.
  • Promote a culture of compliance within the business through strong relationships with internal stakeholders.
  • Ensure policies are regularly updated and properly communicated to staff.
  • Review client and supplier accounts for FICA compliance.
  • Develop, document, and improve business processes.
  • Liaise with regulators and coordinate regulatory engagements, including site visits.
  • Participate in BCP (Business Continuity Planning) testing and stay informed about legislative changes.
  • Provide regulatory guidance to the business, responding to compliance-related queries.
  • Investigate, track, and report compliance breaches while coordinating internal and regulatory reporting obligations.

What We Offer:

We offer a competitive salary of $120,000 per annum, reflecting the high level of expertise required for this role. In addition, we provide a comprehensive benefits package, including health insurance, retirement savings, and paid time off.



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