Website Postbank (SOC) Ltd
Postbank is a bank by South Africans for South Africans and like all the other renowned commercial banks in the South African market, Postbank is all about serving the South African citizens and creating lasting value. The Bank’s core function is to provide cost-effective financial services to So… read moreuth Africans. It views itself as a banking and financial services provider that is orientated on the needs of the South African people and protecting their funds. MANDATE Postbank’s mandate of financial inclusion entails provision of the following services to all South African citizens: Grow savings Improve welfare Create a safe transacting environment; and Improve financial literacy
Job Responsibilities
Identify and manage risks associated with non-compliance.
Contribute to the establishment and maintenance of a robust compliance framework that protects the Bank from legal, regulatory, reputational, and operational risks.
Monitor and interpret evolving legislation, regulations, and guidance affecting the Bank’s operations, including PFMA, Banks Act, Conduct Standard for Banks, FICA, FAIS, PoPIA, PAIA, National Payment System Act (NPSA), and other applicable frameworks.
Provide impact analysis and ensure timely implementation of necessary changes.
Identify inefficiencies and redundancies, and propose streamlined procedures that enhance productivity, reduce regulatory burden, and support operational agility.
Conduct regular compliance monitoring and testing to assess the effectiveness of compliance controls. Investigate any violations or control failures and initiate corrective actions.
Develop and deliver targeted training and awareness programmes to ensure staff understand their compliance obligations, with particular focus on AML/CFT, KYC/CDD/EDD, data privacy, and FAIS requirements.
Draft, review, and maintain policies and procedures aligned with applicable laws and regulatory frameworks. Ensure clear communication and accessibility of all compliance documentation.
Promote integrity and ethics by ensuring actions align with legal and regulatory expectations.
Build stakeholder trust through visible commitment to compliance across all levels of the Bank.
Identify and manage financial crime risks, including money laundering, terrorist financing, and proliferation financing.
Strengthen the Bank’s AML/CFT controls in line with FICA obligations and risk-based approaches.
Ensure the implementation and ongoing refinement of the Bank’s AML/CFT programme, including effective KYC, transaction monitoring, sanctions screening, suspicious transaction reporting (STR/SAR), and adherence to FATF Recommendations.
Support compliance with the FAIS Act through process design, competency frameworks, and operational compliance checks.
Prepare reports for senior management and governance committees, summarising compliance activity, risks, incidents, and regulatory changes.
Maintain records to demonstrate effective compliance oversight.
Support the Bank’s interactions with regulators such as the FIC, FSCA, SARB, etc.
Assist in inspections, audits, and submissions, and facilitate timely responses to regulatory requests.
Work with various functions/ departments to embed compliance into day-to-day business practices and ensure holistic compliance coverage.
Qualifications and Experience
Qualifications:
Relevant bachelor’s degree or equivalent (NQF Level 7) in Law, Commerce, or related field.
Certificate in Compliance (advantageous).
Professional AML/CFT certification such as CAMS or CISA (advantageous).
Experience:
At least 5 years’ experience in a compliance role within the banking or financial services sector.
Direct involvement in compliance monitoring, regulatory audits, or inspections.
Proven experience in managing AML/CFT programmes, FAIS frameworks, and enterprise compliance risk.
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Apply via company website ( N / A ) or
www.postbank.co.za