13 Regulatory Compliance jobs in Durban

A position has become available for a Senior Regulatory Compliance Manager based in Durban.

Job Purpose

Provide advice, guidance, recommendations on the adherence of regulatory compliance practices in client facing divisions ensuring compliance regulatory risks are identified, assessed, and reported on for the Group.

Job Responsibilities

1. Identify and manage all Regulatory requirements of the Group.
2. Manage the completion of all commentary and/or impact assessments requests from various Regulatory Bodies including the Prudential Authority, Financial Intelligence Centre, National Credit Regulator, and Information Regulator.
3. Provide expert guidance and recommendations to ensure adherence to multiple laws and regulations regulating the affairs of the Group.
4. Demonstrate in-depth understanding of key legislation such as the NCA, FAIS Act, POPIA, FIC, and other applicable laws (including subordinate legislation) that impact the Group.
5. Conduct compliance regulatory training, keeping Compliance and all internal stakeholders (1st line) informed and updated on regulatory changes and policy requirements.
6. Build and maintain trusted relationships with internal stakeholders by establishing effective partnerships to identify and manage compliance regulatory risks.
7. Develop and maintain a clear understanding of the scope and nature of the business conducted by 1st line (business acumen).
8. Develop a solid understanding of all high-risk legislation that applies to the Group.
9. Keep abreast of all regulatory developments/changes that may potentially impact the Group and engage with all relevant stakeholders on a timely basis to ensure business readiness and ongoing compliance risk management.
10. Contribute to the creation of a compliance culture and compliance awareness in the division by becoming a trusted advisor.
11. Execute on all Regulatory Compliance projects (end-to-end) within set timelines.
12. Provide advice, guidance, and recommendations on whether regulatory compliance requirements are met.
13. Ensure accurate and timely reporting on any non-compliance, the management of compliance risks, and the state of compliance in the division.
14. Provide advice, guidance, and recommendations to stakeholders on the state of regulatory compliance by reporting on how key risks are being managed, highlighting areas that require immediate attention, and recommending corrective action to stakeholders.
15. Present potential compliance regulatory findings to stakeholders through formal engagement. Take an active part in all Regulatory Compliance governance.
16. Assist in filing regulatory reports to the respective regulators, keeping the Group in good standing with regulatory bodies.

Qualifications:

• LLB Degree
• Admitted Attorney
• Member of the Compliance Institute of SA
• RE5 Accredited: Advantageous
• 5-7 years’ experience in a regulatory compliance position, 3 of which must have been in a managerial role - preferably in financial services.

Salary market related for a senior position.

Responsibilities:

1. Identify and manage all Regulatory requirements of the Group, including mortgage providers and insurance companies offering credit life and homeowners.
2. Manage the completion of all commentary and/or impact assessments requested from various Regulatory Bodies including the Prudential Authority, Financial Intelligence Centre, National Credit Regulator, and Information Regulator.
3. Provide expert guidance and recommendations to ensure adherence to multiple laws and regulations regulating the affairs of the Group.
4. Demonstrate an in-depth understanding of key legislations such as the NCA, FAIS Act, POPIA, FIC, and other applicable laws (including subordinate legislation) that impact the Group.
5. Conduct compliance regulatory training, keeping Compliance and all internal stakeholders (1st line) informed and updated on regulatory changes and policy requirements.
6. Build and maintain trusted relationships with internal stakeholders (i.e., the Division’s 1st line as well as 2nd line functions) by establishing effective partnerships to identify and manage compliance regulatory risks.
7. Develop and maintain a clear understanding of the scope and nature of the business conducted by 1st line (business acumen).
8. Develop a solid understanding of all high-risk legislation that applies to the Group.
9. Keep abreast of all regulatory developments/changes that may potentially impact the Group and engage with all relevant stakeholders on a timely basis to ensure business readiness and ongoing compliance risk management.
10. Contribute to the creation of a compliance culture and compliance awareness in the division by becoming a trusted advisor to 1st line (whilst maintaining independence of mind as part of 2nd line).
11. Execute on all Regulatory Compliance projects (end-to-end) within set timelines.
12. Provide advice, guidance, and recommendations to 1st and 2nd line on whether regulatory compliance requirements are met.
13. Ensure accurate and timely reporting on any non-compliance, the management of compliance risks, and the state of compliance in the division (1st line).
14. Provide advice, guidance, and recommendations to stakeholders on the state of regulatory compliance by reporting on how key risks are being managed, highlighting areas that require immediate attention, and recommending corrective action to stakeholders.
15. Present potential compliance regulatory findings to stakeholders through formal engagement. Take an active part in all Regulatory Compliance governance.
16. Assist in filing regulatory reports to the respective regulators, keeping the Group in good standing with regulatory bodies.

- LLB Degree

- Admitted Attorney

- Member of the Compliance Institute of SA

- RE5

Please forward your CV to . Should you not be contacted within 2 weeks, kindly consider your application unsuccessful.

Location: Durban

Well-established financial services client is looking for a Senior Regulatory Compliance Manager with 5 years in a similar position.

Salary: Negotiable based on experience and qualifications

Minimum Requirements:

1. LLB Degree
2. Admitted Attorney
3. Member of the Compliance Institute of SA
4. RE5 Accredited: Advantageous
5. 5 years’ experience in a regulatory compliance position
6. 3 years managerial experience
7. Must come from the financial services industry

Full job description will be discussed in the interview process.

Please apply online.

FROGG Recruitment

We offer:

• Medical Aid Contribution
• Provident Fund Contribution

Durban, South Africa | Posted on 09/04/2025

• Assist the manager in ensuring that the compliance function is in compliance with law, industry and regulatory body requirements.
  
• Promote the prevention of legal and regulatory risk in the company (TCF).
  
• Maintain efficient and effective operations in Compliance.
  
• Ensure that policies and procedures with regard to the Compliance function are being adhered to (TCF).
  
• Attend specific forums as may be required to represent the Compliance and Regulatory Affairs department.
  
• Responsible for Compliance Monitoring and Reporting
  
• Monitor compliance risk, policies and procedures at the Head Office and branches of the Group.
  
• Maintain the standardised monitoring procedure.
  
• Complete monitoring reports.
  
• Provide overall compliance assistance, guidance and advice to the Group of Companies.
  
• Contribute to the development of compliance risk management plans.
  
• Contribute to the completion of compliance reporting (internal and regulatory).
  
• Provide Training and Awareness on Compliance Matters
  
• Create awareness in the Group of Companies with legal requirements (TCF).
  
• Inform employees about relevant compliance matters.
  
• Develop, educate and enable a healthy and business-orientated compliance culture.
  
• Regularly meet with stakeholders, including the regional managers of the specific business units to identify and address compliance risks.
  

Education

• Legal Degree/relevant
  
• LLB Degree
  
• Admitted Attorney (advantage)
  
• Compliance Certificate (Advantage)
  

• 2-3 years experience in Risk management and Compliance
  
• 2-3 years of Insurance Industry experience
  

A dynamic individual with the right qualifications and experience is needed to be part of the compliance department.

• Guide and advise Branches on AML/CFT and FAIS requirements
• Conduct compliance training as per the compliance training plan, when required
• Conduct compliance monitoring and testing, including providing recommendations and action plans
• Assist in filing of Cash threshold reports to the FIC on the goAML platform
• Assist in managing all projects relating to the reporting to the FIC
• Conduct investigations and file STRs/SARS to FIC on the goAML platform
• Review and recommend for approval the opening of all high-risk accounts and reporting thereof
• Review and approve Re-KYC of high-risk accounts and the EDD review memos
• Review and close transaction monitors
• Prepare and submit monthly and quarterly reports to management on STR/SARS filed, high-risk accounts, frozen accounts, and the compliance monitors
• Regularly review the Compliance Monitor’s functioning, quality of commentary, and timeliness of clearing
• Update and manage SWIFT KYC Registry

• 24 days of annual leave per annum
• Provident Fund
• Medical Aid
• 13th Cheque

• 5-7 years’ experience in a FAIS and AML/CFT role in a banking institution
• Legal/finance qualification or similar and other compliance-related courses/qualifications
• In-depth knowledge of the FIC Act including all subordinate legislation and FAIS Act including all subordinate legislation is essential.

Market related

Responsibilities

• Drafting official documents and agreements which includes but is not limited to, letters of demand, agency agreements, new contracts and contract addendums

• Conduct investigations on regulatory developments

• Ensuring all employees and the company are compliant with the Financial Advisory and Intermediary Services Act and Financial Intelligence Centre Act

• Communicating with Insurers regarding any regulatory or legal queries

• Conducting and compiling external Insurer audits

• Renewal of all company financial lines insurances and licenses

• Develop and implement compliance framework

• Prepare risk management reports

• Amending and update compliance documentation and statutory disclosure notifications

• Quality assurance of renewal procedure

• Responsible for FICA and FAIS reporting and monitoring

• Prepare internal compliance monitoring reports and calculate monthly compliance scores

• Review internal claims and underwriting correspondence in accordance with legislative requirements

• Monitoring ESG compliance

• Review an monitoring of companys complaints and complaints resolution procedure

Minimum Requirements

• LLB degree or similar

• Regulatory qualification

• Minimum 5 years experience in compliance or risk management within the insurance industry