Compliance Manager, South Africa

Compliance Manager, South Africa

Location: South Africa, Remote

Role Summary

The Compliance Manager will oversee all compliance-related activities for the company's South African entities, ensuring adherence to regulatory frameworks, licensing conditions, and internal policies. This role includes managing audits, ensuring effective record-keeping, and coordinating with internal and external stakeholders to maintain regulatory compliance and mitigate risks.

Key Responsibilities

General Compliance Management

Oversee and manage compliance audits across all South African entities, including FIC and MER audits.

Maintain accurate and up-to-date documentation and records to ensure smooth and successful audit processes.

Collaborate with internal teams to fulfill compliance requirements and deadlines effectively.

Manage relationships with external suppliers and third parties to achieve required compliance service levels.

Regulatory Compliance Responsibilities

Companies Act

Ensure annual disclosure of beneficial ownership to the CIPC.

Submit annual reports and payments to the CIPC.

Financial Intelligence Centre Act (FICA)

Implement, oversee, and maintain Anti-Money Laundering (AML) policies and Risk Management and Compliance Programs (RMCP).

Ensure compliance with customer due diligence, suspicious transaction reporting, and record-keeping as outlined in the RMCP.

Develop and maintain the RMCP, ensuring Board approval via resolution.

Ensure training is in place for employees on AML and Counter-Terrorist Financing (CTF) measures.

Ensure registration with the Financial Intelligence Centre (FIC) and appointment of FIC Compliance Officers.

Gambling Acts (Mpumalanga, Western Cape and National)

Ensure compliance with advertising standards to prevent misleading marketing.

Implement measures to prohibit access by individuals under the legal gambling age.

Ensure timely renewal of bookmaker and manufacturer licenses and employee licenses.

Maintain extensive minutes of Board meetings covering compliance matters.

Develop, implement, and audit Internal Control Procedures (ICP) in collaboration with independent audit firms.

Maintain compliance with self-exclusion policies and provide reports to the Board and MER.

Socio-Economic Development

Develop and manage a robust CSI program aligned with regulatory and community upliftment objectives.

Collaborate with internal stakeholders and external third parties to identify impactful initiatives.

Prepare and submit detailed reports on CSI activities, including beneficiary information and outcomes, to relevant regulatory bodies.

Employment Equity and B-BBEE

Monitor compliance with Employment Equity Amendment Act targets if applicable.

Support initiatives related to Broad-Based Black Economic Empowerment (B-BBEE).

Data Protection Compliance

Ensure registration of an Information Officer under POPIA and PAIA.

Submit annual PAIA reports as required.

Qualifications

- Proven experience in compliance management, ideally within the gambling, financial services, or a highly regulated industry.

- Strong understanding of South African regulatory frameworks, including the Companies Act, FICA, Gambling Acts, POPIA, and PAIA.

- Proven record of socio-economic programs managed previously.

- Excellent organisational, record-keeping and analytical skills.

- Strong interpersonal skills for effective collaboration with internal teams and external stakeholders.

- Attention to detail and ability to manage multiple priorities under strict deadlines.

Preferred Attributes

- Experience in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) measures.

- Familiarity with compliance audit processes and reporting.

- Leadership skills to drive compliance initiatives and ensure accountability across teams.

- High ethical standards and integrity.

- Proactive approach to problem-solving and risk management.