Compliance Associate

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September 1

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Black Pen Recruitment

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Fintech • Recruitment • Cryptocurrency

Black Pen Recruitment is a leading global recruitment agency specialized in FinTech talent acquisition. Based in Cape Town, the company focuses on sectors such as Cryptocurrency, Digital Banking, and Blockchain technology. With a commitment to find the best candidates across Africa and beyond, Black Pen Recruitment employs advanced headhunting techniques and a customer-centric approach to ensure a successful hiring experience for businesses of all sizes.

2 - 10 employees

Founded 2012

💳 Fintech

🎯 Recruiter

📋 Description

• Role Overview The Compliance Associate will play a key role in assisting with the development, implementation, and execution of the risk management and compliance strategy. Through effective collaboration with the Compliance & Regulatory Lead, you will play a key role in solving compliance related issues, and will be responsible for ensuring that our client complies with all relevant regulatory requirements and internal policies. • Responsibilities Merchant Onboarding & Screening – Own the full onboarding workflow: gather documentation, run CDD/EDD checks, maintain screening systems, and escalate high-risk cases. • Regulatory Compliance – Monitor regulatory changes, refresh policies and training, and ensure company practices stay aligned with law. • Risk Management – Assign merchant risk ratings, update risk registers, run gap analyses, and report breaches to Compliance leadership. • Regulatory & Internal Reporting – File mandatory reports (e.g., FIC, SARB) and deliver KYC insights to internal stakeholders. • Stakeholder Liaison – Serve as the primary contact for KYC queries from merchants and internal teams. • Tech-Driven Controls – Partner with Product/Tech to integrate compliance tools and build SQL-based AML/CTF monitoring rules. • Data Protection – Conduct vendor impact assessments and enforce client/vendor adherence to data-privacy obligations. • Process & Policy Governance – Document compliance procedures and audit ongoing adherence to internal policies and external requirements.

🎯 Requirements

• Education & Experience – Bachelor’s in Law, Finance, Business (or similar) plus 8 years’ compliance work in fintech, banking, gaming, or broader financial services. • Regulatory Expertise – In-depth grasp of South African payments regulation (FIC Act, POPIA) and hands-on KYC/AML onboarding, periodic reviews, and escalations. • Training & Reporting – Proven ability to craft compliance training and produce high-quality regulatory reports (e.g., to the FIC); strong risk-management track record. • Technical Skillset – Skilled in designing AML/CTF controls and internal rules; comfortable with data analysis and reporting. • Personal Attributes – Integrity, discretion, ownership mindset, and clear communication with clients, merchants, and cross-functional teams. • Broader Reg-Framework – Exposure to FAIS, B-BBEE, Card Scheme rules, and SARB TPPP/System-Operator/Screen Scraping directives. • Data Analytics Fluency – Comfort with analytics tools/programming for sharper risk insights. • Professional Credentials – CAMS or similar AML certification (or willingness to earn). • Fintech Product Insight – Working knowledge of payment tech, APIs, and related fintech offerings to spot compliance gaps early.