The average salary for a Compliance Officer in South Africa is R339,079.
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R190k - R610k
R10k - R80k
R98 - R275k
R166k - R651k
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Job Description for Compliance Officer
A company's compliance officer generally is in charge of supervising and handling issues related to compliance with laws or regulations, including making sure that the company is up to date with its licensing requirements. Often, they must report their findings to the organization's governing body and recommend any needed changes. This job is particularly essential in heavily regulated industries such as health care and financial services. Compliance officers can work directly for the company…Read more
Compliance Officer Tasks
- Assess product, compliance, or operational risks and develop risk management strategies.
- Conduct periodic internal reviews or audits to ensure that compliance procedures are followed.
- Conduct or direct the internal investigation of compliance issues.
- Oversee and monitor activities for compliance with company, state and federal regulations.
Popular Employer Salaries for Compliance Officer
The top respondents for the job title Compliance Officer are from the companies Nedbank, Absa and Investec. Reported salaries are highest at Absa where the average pay is R530,000. Other companies that offer high salaries for this role include Momentum Group and Standard Bank, earning around R503,500 and R423,000, respectively. Investec pays the lowest at around R309,145. Nedbank and FNB also pay on the lower end of the scale, paying R315,000 and R368,000, respectively.
Compliance Officer Job Listings
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Popular Skills for Compliance Officer
Risk Management / Risk Control
Anti-Money Laundering (AML)
Skills in Regulatory Compliance, Legal Compliance, Risk Management / Risk Control and Anti-Money Laundering (AML) are correlated to pay that is above average. Skills that pay less than market rate include Financial Compliance.
Pay by Experience Level for Compliance Officer
An entry-level Compliance Officer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of R250,146 based on 29 salaries. An early career Compliance Officer with 1-4 years of experience earns an average total compensation of R301,854 based on 354 salaries. A mid-career Compliance Officer with 5-9 years of experience earns an average total compensation of R412,863 based on 150 salaries. An experienced Compliance Officer with 10-19 years of experience earns an average total compensation of R451,309 based on 77 salaries. In their late career (20 years and higher), employees earn an average total compensation of R339,400.
Years of Experience
This data is based on 618 survey responses.