Rapyd has unified payments, payouts and fintech on one worldwide platform, and we’re assembling the world’s best team to liberate global commerce. With offices in Tel Aviv, Amsterdam, Singapore, Iceland, London, Dubai, Hong Kong, and the U.S., the opportunities at Rapyd are limitless.
We believe in straight talk, quick decisions, strong execution and elegant solutions. Rapyd is where hard work pays off and careers take off. Join us and let’s build the future of fintech together.
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We are seeking a detail-oriented Compliance Specialist to manage our South African compliance operations. This is an execution-focused role designed for a specialist who thrives on technical regulatory work and operational excellence.
You will be the primary hands-on resource for South African regulatory maintenance.
Key Responsibilities:
1. South African Operational Execution (Primary Focus)
- Execute the day-to-day administrative and technical requirements for System Operator (SO) and TPPP licenses through PASA and sponsoring banks.
- Act as the local point of contact for the SARB and PASA, handling data requests and routine inquiries.
- Conduct ongoing compliance health checks of the South African merchant base, ensuring all KYC/B and risk parameters are met
- Support the management of local banking relationships by serving as a primary point of contact for routine regulatory and AML inquiries, ensuring all partner-bank compliance requirements and KYC refreshes are executed accurately and efficiently.
- Support with ongoing audits
- Perform compliance "stress tests" on new products/services for both markets to identify regulatory gaps before launch.
2. Technical Compliance Tasks
- Review high-risk customer escalations and manual screening hits, preparing detailed summaries.
- Manually compile and submit all required regulatory reports for South Africa, ensuring 100% accuracy and timeliness.
- Keep local compliance manuals updated to reflect the latest changes in FICA and POPIA and any local regulatory requirements.
- 3+ years of hands-on experience in fintech or payment compliance within South Africa.
- Deep understanding of FICA, FAIS, and PASA regulations. Previous exposure to Nigerian CBN/SEC regulations is a significant advantage.
- Proven ability to work independently and meet strict regulatory deadlines without a local support team.
- Experience with AML monitoring software and automated KYC/KYB onboarding tools.
Why Join Us?
This role offers the opportunity to be the technical expert for our South African operations while gaining high-level exposure to the Nigerian market.
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Skills Required
- 3+ years of hands-on experience in fintech or payment compliance within South Africa
- Deep understanding of FICA, FAIS, and PASA regulations
- Previous exposure to Nigerian CBN/SEC regulations
- Proven ability to work independently and meet strict regulatory deadlines without a local support team
- Experience with AML monitoring software and automated KYC/KYB onboarding tools
What We Do
Build Bold. Liberate global commerce with all the tools your business needs to create payment, payout and fintech experiences everywhere. Around the world, customers want to pay in a thousand different ways. Businesses and consumers want to get paid faster. And developers want to build new products and possibilities. Rapyd makes it happen, giving you more ways than anyone to make fintech work for your business. With Rapyd, your business can accept and send payments to just about anyone—faster, cheaper and easier. And Rapyd clients see an average of 196% return on investment and spend 70% less time managing payments. Whether you’re building an app, selling a product, sending payments or doing a little of everything, Rapyd has solutions that let you boldly do what you do best. • Send and receive funds • Add hundreds of payment methods worldwide • Issue prepaid virtual and physical cards • Simplify money management and foreign exchange • Integrate fintech with APIs
