Head of Regulatory Compliance at New Bank, Centurion
ScoutIT · Centurion, Gauteng
Overview
A new bank is being built and you could be part of it as Head of Regulatory Compliance based in Centurion. You will own the compliance risk management framework and help the bank meet its regulatory obligations from the ground up. This senior role offers a competitive salary and the chance to shape compliance in a fresh, scaling institution.
About the role
ScoutIT is recruiting a Head of Regulatory Compliance for a new bank being established in Centurion, Gauteng. This is a permanent, full time position offering a salary of R2.5 million per annum.
As Head of Regulatory Compliance, you will own the Bank's Compliance Risk Management Framework (CRMF) across its full regulatory universe, excluding financial crime obligations. You will identify, interpret and embed the Bank's obligations under prudential, conduct and other applicable legislation. You will also maintain the regulatory universe and obligations register, coordinate regulatory change management, and provide assurance to the Board and Exco that day to day operations comply with licence conditions as the bank builds out as a new market entrant.
You will coordinate across specialist compliance functions (FCC, Conduct and POPIA, FRAML) without duplicating effort, manage regulatory relationships with confidence, and drive compliance monitoring and testing.
Application Notes: The employer is ScoutIT. No specific application instructions or email address were provided in the listing. Please apply via the source URL.
Requirements
- Bachelor's degree in Law, Commerce, Risk Management or a related field
- Recognised compliance qualification such as a Compliance Institute of South Africa practising certificate strongly preferred
- Minimum of 10 years' compliance experience within banking or financial services
- At least 5 years in a senior regulatory compliance leadership role
- Demonstrated experience building or materially uplifting a compliance risk management framework, ideally in a new or scaling institution
- Proven track record engaging with the Prudential Authority, FSCA and/or National Credit Regulator, including managing inspections and information requests
- Experience designing and executing compliance monitoring plans and driving remediation to closure
- Strong regulatory interpretation skills and ability to translate legislation into practical policy
- Sound understanding of compliance monitoring and testing methodologies
- Clear policy drafting and training design capability
- Ability to coordinate effectively across multiple specialist compliance functions
Responsibilities
- Own and maintain the Bank's Compliance Risk Management Framework (CRMF) across the full regulatory universe, excluding financial crime obligations
- Identify, interpret and embed the Bank's obligations under prudential, conduct and other applicable legislation
- Maintain the regulatory universe and obligations register
- Coordinate regulatory change management and regulatory liaison
- Provide advisory and governance support to the Board and Exco
- Deliver training, culture and capability initiatives
- Design and execute compliance monitoring plans and drive remediation to closure
- Manage regulatory relationships with the Prudential Authority, FSCA and/or National Credit Regulator
- Coordinate across specialist compliance functions (FCC, Conduct and POPIA, FRAML) without duplicating effort
Benefits
Bonuses
Job details
- Organisation
- ScoutIT
- Location
- Centurion, Gauteng
- Job type
- Full time
- Experience level
- Executive (10+ years)
- Education
- Bachelor
- Salary
- R180k to R210k per month / monthly
- Category
- Banking & Insurance
- Application Method
- Apply online
Success Guide
This is a senior role for someone with deep banking compliance experience, so your application should clearly show your track record with regulators like the Prudential Authority and FSCA. Highlight examples where you built or significantly improved a compliance framework, especially in a new or growing bank. In interviews, be ready to discuss how you manage regulatory inspections and coordinate across different compliance teams without overlap. The salary is attractive for the level, so make sure your CV reflects the leadership and technical depth expected. Good luck!
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