Compliance & Risk Manager

Maintain the Division’s compliance framework, regulatory universe and compliance risk management plans

Track legislation, SARB directives, PASA requirements, scheme rules and contractual obligations; advise on regulatory change

Ensure TPPP and System Operator compliance with the NPS Act, SARB Directives 1 and 2 of 2007 and PASA criteria

Manage sponsoring-bank due diligence and lead responses to SARB, PASA and sponsoring-bank inspections

Maintain the register of licences, registrations, authorisations and sponsorship arrangements

Run a risk-based compliance monitoring plan; investigate breaches and track remediation to closure

Maintain the operational risk framework, RCSAs, KRIs, incident and loss-event management and third-party risk

Manage FICA obligations, sanctions screening and reporting to the Financial Intelligence Centre

Oversee fraud risk management and the fraud investigation function; engage SABRIC and PASA forums

Prepare compliance and risk reports for Enterprise EXCO and risk committees; deliver awareness training; manage the Fraud Investigator

Degree in Law, Risk Management, Compliance, Commerce or related field

CCP (Compliance Institute Southern Africa), IRMSA, AML or CFE certification advantageous

7+ years’ compliance and/or risk management experience in payments, banking or fintech

Direct experience of national payment system regulation, including TPPP and/or System Operator environments (essential)

Experience engaging with SARB, PASA, sponsoring banks and card schemes

Experience in operational risk, compliance monitoring and investigations

Strong working knowledge of the NPS Act, SARB directives, FICA and POPIA

Valid driver’s licence and willingness to travel between Division sites