SlipstreamJobs tracks this role from the company's public career site. Apply directly on the employer's site.
Rapyd is a global fintech platform unifying payments, payouts, and financial services across 150+ countries. The company operates offices in Tel Aviv, Amsterdam, Singapore, Iceland, London, Dubai, Hong Kong, and the U.S., serving as a critical infrastructure layer for international commerce.
This Compliance Specialist role is a hands-on, execution-focused position based in Cape Town, South Africa. You will serve as the primary operational resource for South African regulatory compliance, managing day-to-day technical and administrative requirements for System Operator (SO) and Third-Party Payment Provider (TPPP) licenses through PASA (Payment Association of South Africa) and sponsoring banks.
Key responsibilities include:
- Execute daily administrative and technical compliance requirements for SO and TPPP licenses, acting as the local point of contact for the South African Reserve Bank (SARB) and PASA for data requests and routine inquiries.
- Conduct ongoing compliance health checks of the South African merchant base, ensuring all KYC/B (Know Your Customer/Business) and risk parameters are met and maintained.
- Manage local banking relationships by serving as the primary contact for routine regulatory and AML (Anti-Money Laundering) inquiries, ensuring partner-bank compliance requirements and KYC refreshes are executed accurately.
- Support ongoing regulatory audits and compliance assessments.
- Perform compliance "stress tests" on new products and services to identify regulatory gaps before launch.
- Review high-risk customer escalations and manual screening hits, preparing detailed analytical summaries.
- Manually compile and submit all required regulatory reports for South Africa with 100% accuracy and timeliness.
- Maintain local compliance manuals and documentation to reflect the latest changes in FICA (Financial Intelligence Centre Act) and POPIA (Protection of Personal Information Act) requirements.
This role requires deep familiarity with South African financial regulations, strong attention to detail, and the ability to manage multiple regulatory relationships simultaneously. You will be the critical link between Rapyd's global operations and local South African authorities.
