Compliance Manager (Money Market Account)

About the role

• Join Shoprite as a Compliance Manager specialising in Money Market Accounts, located in Cape Town, Brackenfell, Western Cape. This full-time, senior-level role demands expertise in regulatory compliance, risk management, and financial controls within the banking and finance sector.

• The ideal candidate will possess in-depth knowledge of South African financial regulations, including FICA, FAIS, and relevant legislation, alongside proficiency in Money Market instruments and accounts management.

• You will lead compliance monitoring, ensure adherence to statutory requirements, conduct risk assessments, and implement robust controls to safeguard the organisation's financial activities.

• Your strategic oversight will drive regulatory alignment and mitigate compliance risks, supporting Shoprite's commitment to operational integrity and financial excellence. Become part of a dynamic team at Africa's largest food retailer, renowned for its innovation, employee development, and market leadership.

• This role offers the opportunity to influence compliance frameworks in a fast-paced environment, supported by comprehensive training, competitive remuneration, and career progression prospects within a reputable organisation committed to compliance excellence and sustainable growth.

What you'll do

• Develop, maintain, and enhance the compliance framework and related policies for the Money Market Accounts and Transfers portfolio, ensuring alignment with regulatory, contractual, and business requirements.

• Lead compliance monitoring activities, including risk assessments, thematic reviews, control testing, and regulatory reporting to identify and mitigate compliance risks effectively.

• Provide expert advice and guidance on applicable financial regulations such as FICA, FAIS, AML/CFT obligations, and ensure operational adherence within the portfolio's customer journeys and transaction processes.

• Oversee regulatory engagement and governance, coordinate regulatory submissions, inspections, audits, and maintain evidence of compliance with statutory and partner obligations.

• Manage and develop a high-performing compliance team, fostering a strong compliance culture through leadership, training programmes, and continuous professional development.

• Maintain oversight of data governance and regulatory record-keeping to comply with POPIA and internal data management standards, supporting accurate compliance analytics and reporting.

• Monitor emerging regulatory changes and financial crime risks, adapting compliance strategies and controls proactively to safeguard the organisation's financial integrity.

• Coordinate and manage remediation processes for identified compliance breaches or control deficiencies, ensuring timely resolution and reporting to senior management and regulatory bodies.

• Engage collaboratively with sponsor banks, regulatory authorities, and internal stakeholders to ensure robust compliance across partner-bank arrangements and operational models.

• Produce clear, comprehensive compliance reports and dashboards for governance forums, providing actionable insights and recommendations to support informed decision-making.

What you bring

• Bachelor's degree in Law, Commerce, Risk Management, Auditing, Compliance Management, or a related discipline.

• At least 7 years of compliance experience, with a minimum of 3 years in a regulated financial services environment.

• In-depth knowledge of South African financial regulations including FICA, FAIS, AML/CFT legislation, and relevant regulatory frameworks.

• Proven expertise in compliance monitoring, risk assessment, control testing, regulatory reporting, and remediation management.

• Experience managing compliance teams or specialist resources, demonstrating leadership and development capabilities.

• Practical experience in financial services, particularly within banking, payments, remittances, or related regulated environments, with at least 4 years specific to Money Market Accounts and Transfers compliance.

• Strong understanding of regulatory engagement, governance frameworks, and the ability to coordinate regulatory submissions, audits, and inspections effectively.

• Familiarity with data governance principles and regulatory record-keeping, including POPIA compliance and data quality management.

• Excellent communication and stakeholder management skills, able to provide expert advice and collaborate with regulators, sponsor banks, and internal teams.

• Preferred: Postgraduate qualification in Compliance, Risk Management or related fields, and professional certifications such as CPrac (SA) or ICA Compliance qualifications.

Closing Date

• 2026/11/03