An exciting opportunity exists for a Compliance Assistant to join our team in Johannesburg.
The main purpose of this role is to support the team in ensuring that the company's operations comply with relevant regulations, licenses, and permits.
This role will work closely with the Compliance Specialist, Licensing and Exchange Control Manager, officials of Regulators (i.e. Central Banks), in-country managers and different Mukuru teams, providing necessary support to ensure compliance with regulations and requirements.
Duties and Responsibilities
Duties and Responsibilities (include but is not limited to):
Assisting the licensing administration team in providing clear and up-to-date guidelines on the application process for various jurisdictions Assist the /Licensing and Exchange Control Manager to compile and organize the necessary documentation required for license applications, ensuring accuracy and completeness Create checklists to ensure all regulatory requirements are met during the licensing application process Generate responses to applications and/or correspondence to Regulators Receive and maintain records of all correspondence send and received from Regulators Create and maintain systems to monitor license renewal deadlines and sending timely reminders to the team to initiate renewal processes Assist in generating accurate compliance reports required by regulatory authorities for license maintenance Keep the team informed about any changes in licensing regulations and requirements across assigned entities Share knowledge with internal teams on new regulatory developments and compliance requirements, encouraging a culture of regulatory awareness and responsibility Generate responses to applications and/or correspondence to Regulators Receive and maintain records of all correspondence send and received from Regulators Assist the team in preparing for regulatory audits and examinations, including gathering relevant documents and conducting internal compliance checks Organise training sessions for the team to ensure they are aware of the latest regulatory requirements and best practices Assist in responding to any findings or recommendations resulting from regulatory audits Perform manual regulatory reporting to Regulators and review accuracy of data submitted by other compliance and business departments. Track all regulatory reporting submissions to ensure timeous submissions Stay abreast of all regulatory requirements relating to regulatory reporting requirements Assist with ad hoc questionnaires and other returns requested by Regulators Draft and maintain regulatory reporting manuals Collaborate with the team to conduct periodic assessments of regulatory risks associated with licensing activities Assist in developing and implementing risk mitigation plans to address identified compliance risks Create and/or maintain and/or update tools to monitor compliance with licensing regulations on an ongoing basis Identify and implement technology solutions to streamline licensing administration and compliance tasks Assist in automating repetitive compliance tasks, increasing efficiency and accuracy Support the team in organising and managing compliance-related data to ensure easy retrieval and reporting
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Qualifications and Experience
Key Requirements:
Grade 12 or Equivalent Bachelors degree or Advanced Diploma (Law, finance, business administration, or a related field) 2 years’ Experience with license applications and regulatory interactions 2 years’Experience in regulatory affairs, compliance, or legal roles within the fintech industry Understanding of global financial regulations, such as AML/KYC, consumer protection, data privacy, and financial services (remittances) licensing requirements Understanding of financial products and services offered by fintech companies Knowledge and understanding of license application processes Knowledge of contracts and commercial agreements
