Compliance Assistant - 3 Month (Ref: CFCA)
Remuneration: 12 000 – 15000 CTC

Position in the Legal sector in Durban - Kwa- Zulu Natal
Posted On Monday 11 July 2022
Job Description:

Our client, one of the largest international Islamic banking groups in the world is looking for a Compliance Assistant, to manage the regulatory and reputational risk at the bank ensuring that the bank is complying with all Legislation, Regulations and Codes of Conduct.


 Main job function

      Assists in ensuring Compliance with current laws, regulations, guidance notes and supervisory requirements or provisions

      Assists in ensuring that the Bank is not subjected to prosecution, levied with fines or its licence affected in anyway

      Assists in analysing legislation pertaining to Banking by preparing Risk Management plans and Action plans for each identified legislation

      Assists in preparation of presentations for staff and regulators Monitoring

      Assists in monitoring legislative updates

      Monitors for non-compliance and maintains records of monitoring for Audit purposes

      Assists in advising management and Board of non-compliance with legislation

      Queries non-compliance with staff and management and assists in suggesting corrective measures including disciplinary action where necessary

      Assists in managing any negative publicity that could have adverse consequences for the bank

      Monitors customer complaints and any threatened or actual events that could result in a reputational risk to the bank

      Assists in informing management and directors of such events

      Trains staff on legislation

      Researching and investigating any general/specific area of law, for purposes of furnishing a legal opinion, determining applicability, general enquiry or interest

      Preparing summaries and reports of new legislation, regulations, supervisory codes or codes of good practice, when required

      Assists in the preparation of EXCO reports and reports to the Board and Board sub-committees

      Plays a role in any projects/committees that the Compliance department needs to provide input in


      LLB or Similar relevant degree will be required to meet the requirements of the role at the highest level of competence

      A Certificate in Compliance Management from a tertiary institution will be an added advantage


      A minimum of 4-5 years Legal or Commercial and/or Accounting experience

      3 years Banking and experience within a Compliance department would be an advantage

      Knowledge of Legal Compliance and the Risks inherent in non-compliance

      Legislation affecting the Bank

      Compliance processes and procedures

      Deadline Driven


      Efficiency and Time Management

      Excellent Communication Skills (Written and Verbal)

      Ability to work under pressure

      Organisation Ability

      Attention to detail is essential

      Microsoft Office


A Consultant will be in touch if you are shortlisted for the position. Please consider your application unsuccessful should you not have been contacted within 2 weeks. We will keep your CV on our database and contact you should you match the criteria of any other vacancies.


Please contact Catherine Fforde