Compliance Officer

The Private Security Sector Provident Fund (PSSPF) is a compulsory provident fund for the security officials in South Africa, with over 240 000 active members and R14,5 billion in assets. The Compliance Officer is responsible for ensuring that the Private Security Sector Provident Fund complies with all relevant legislation, regulations and governance frameworks, with a specific focus on high-risk areas such as Section 13A of the Pension Funds Act, labour practices within the private security industry to underscore and safeguard the social security rights of members. The role also supports the Fund in mitigating regulatory and reputation risks.

Regulatory compliance

•  Monitor employer compliance with Section 13A (contribution submission and payment).
• Investigate non-compliance and escalate to legal/recovery units where required.
• Ensure timely reporting of breaches to the FSCA and other regulatory bodies.
• Interpret and apply relevant legislation (e.g. Pension Funds Act, FICA, FAIS, POPIA, Income Tax Act).

Labour practice monitoring

•  Identify and assess non-compliant labour practices (e.g. under-declaration of wages, non-registration of workers).
•  Work with Department of Labour, PSIRA and Bargaining Councils to address abuses impacting member contributions.
•  Document systemic labour issues that threaten fund integrity and propose corrective measures.

Governance and ethics

•  Support the Board of Fund in fulfilling their compliance obligations under King IV and the Pension Funds Act.
•  Promote ethical conduct, transparency and fiduciary compliance across the Fund.
•  Ensure that fund rules and administrative processes are followed and updated.
•  Design and implement Fund compliance policies, strategies and procedures.

Risk management

•  Perform regular audits, design control systems and conduct compliance risk assessments.
• Analyse possible regulatory compliance threats or risks and provide inputs.
•  Maintain registers for compliance breaches, complaints and internal investigations.
•  Participate in internal committees on risk, governance or audit, as required.
•  Develop compliance monitoring plans and review compliance risk management plans.

Stakeholder engagement

•  Engage with employers to promote compliance awareness and cooperative resolution of issues. Spot the patterns, interpret the data and steer leadership through clear, actionable reporting.
•  Ensure adherence of Fund policies and procedures, especially regulatory and ethical standards.
•  Liaise with service providers, legal advisers and auditors to roll out future-fit compliance strategy for the Fund.
•  Educate staff and trustees through compliance training programs and briefings.

Reporting

•  Report to and engage regularly with regulatory authorities, ensuring timely and accurate submissions.
•  Prepare quarterly and annual compliance reports for the Board and FSCA.
• Submit reports on Section 13A enforcement actions and outstanding contributions.
• Maintain organised and accurate records of all compliance monitoring and follow-up activities.

Minimum requirements

• Bachelor’s degree in law (LLB), Finance, or Commerce (essential)
• Compliance Management Certificate (e.g. CPrac (SA) (advantageous)
• 5–7+ years under your belt (in a compliance, legal or governance role within a retirement fund or financial services sector)
• Demonstrated knowledge and experience enforcing Section 13A compliance.
• Experience in private security sector, labour-intensive or unionised sectors (advantageous).

Competencies and skills

• In-depth knowledge of South African pension law and labour legislation.
• Strong investigative, analytical and problem-solving abilities.
• Ability to interpret legal and financial documents.
• Excellent stakeholder engagement and negotiation skills.
• Driven by integrity, detail-oriented and resilient under pressure.
• Proficiency in MS Office and compliance monitoring tools.
• Registered or eligible for registration as a Compliance Officer with the FSCA.
• Valid driver’s license and willingness to travel nationally.
• No criminal record or dishonesty-related infractions.

Please email a copy of your comprehensive CV to moc.gnitirom@fpssp-reciffoecnailpmoC

Posted on 14 Jul 12:59, Closing date 25 Jul