Regulatory Compliance Specialist

3 weeks ago


Umhlanga, KwaZulu-Natal, South Africa BSMG Investments Full time
Job Title: Regulatory Compliance Manager

BSMG Investments is seeking a highly skilled Regulatory Compliance Manager to join our team. The successful candidate will be responsible for ensuring the company's compliance with relevant regulatory requirements and laws.

Key Responsibilities:
  • Provide guidance and advice to business and management on compliance requirements, including POPI, FAIS, TCF, FIC Act, FATCA, CRS, EXCON Regs, and Conduct Standards.
  • Update policy and procedure manuals to reflect regulatory and operational changes.
  • Conduct compliance training and update training manuals in line with regulatory changes and policy requirements.
  • Assist in compiling a compliance monitoring plan and reporting against plan.
  • Assist in compiling an annual Compliance Activity Plan for approval by the Board of Directors.
  • Assist in reviewing the Legislative Risk Matrix on an annual basis and submit to the Board of Directors.
  • Conduct compliance monitoring and testing, including providing recommendations and actions plans.
  • Develop and update Compliance Risk Management Plans.
  • Assist in submitting FATCA and CRS reports to the South African Revenue Service (SARS) and implementing new reporting requirements.
  • Assist in managing and overseeing the REKYC and Enhanced Due Diligence (EDD) processes.
  • Assist in preparing and submitting all required reports to the Group and Audit Committee on a quarterly basis.
  • Regularly review the Compliance Monitor's functioning, quality of commentary, and timeliness of clearing, including conducting investigations and filing of reports where required.
  • Assist in providing guidance on new product and delivery channel development.
  • Assist in filing of regulatory reports to the respective regulators.
Requirements:
  • 5-7 years' experience in a compliance and regulatory position in a bank.
  • LLB qualification or similar and other compliance-related courses/qualifications.
  • In-depth knowledge of FIC Act, POPI, FAIS, GDPR, EXCON Regulations, Conduct Standards, and other applicable legislation impacting banks.
Benefits:

Standard Benefits



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