Banking Services Compliance Coordinator

Job Description

Requirements

• Diploma (NQF 6) in Accounting, Auditing, Commercial Law or an equivalent qualification in a related field.
• Three to five years experience in a financial environment, specifically in compliance and data management.
• Knowledge and skills in: industry, organisational and business awareness; quality assurance; continuous improvement; continued learning and/or professional development; financial accounting; financial reconciliation; function specific information systems; service delivery; finance legislation and governance, risk and compliance; verbal and written communication; drive for results; learning focus; team work; service and stakeholder focus; and analysis and problem-solving skills.

Responsibilities

• Monitor, inspect and evaluate banking payment records to ensure compliance with applicable rules, regulations and standards governing the payments industry.
• Provide training to team members on all relevant payments industry rules and regulations to ensure up-to-date knowledge and consistent compliance.
• Act as the data steward for all the banking services data; maintain and keep up-to-date the know-your-customer (KYC) documentation for all Banking Services Division Customers.
• Represent the division in all Records Management forums within the South African Reserve Bank (SARB)
• Review master data changes, including user administration, to ensure compliance with the set standard procedures.
• Conduct compliance reviews and support audit processes, facilitating both internal and external audit activities to ensure regulatory alignment and operational integrity.
• Prepare and disseminate monthly banking reports that include key statistical insights, quality assurance metrics, operational changes and other relevant management information.
• Ensure data integrity, confidentiality and compliance with applicable policies and regulations.
• Coordinate and support the division's resilience initiatives to uphold business continuity standards.