Chief Financial Officer
Purpose:
To lead the development and implementation of risk and compliance models thereby ensuring that policies, systems, procedures and controls are operating efficiently and effectively.
Essential Functions:
• Manage Compliance risks to the business units by timeously and systematically identifying risks and developing appropriate risk mitigation strategies;
• Evaluate the adequacy and effectiveness of internal controls, governance and risk management of all business processes with the business units;
• Ensure that there is full compliance by the business units with relevant legislation, policies and guidelines;
• Develop and implement compliance policies and procedures specific to the sports betting, online casino and iGaming industry in South Africa;
• Create and maintain ongoing awareness of end-to-end Companies Risk Management Framework;
• Prepare, consolidate risk reports for the organisation for tabling at EXCO and Board committee meetings;
• Analyse changes to legislation and communicate how these impact WSB to the relevant governance structures;
• Build and create strategic partnerships with all key stakeholders for WSB;
• Ensure compliance of human capital and licensing and registration of employees;
• Maintain accurate records of all legal and online compliance activities and decisions;
• Conduct online audits on our website and processes to ensure compliance with all legal and regulatory requirements;
• Investigate and resolve any online compliance related issues or disputes;
• Compile and submit all new contingencies to testing labs (or facilitate);
• Compile and submit new contingencies to the relevant regulatory bodies for approval;
• Apply and/or renew national Key Employee and Manufacturers licenses to the regulatory bodies (Team management);
• Represent the company in regulatory matters, including attending regulatory hearings.
Skills, knowledge and other requirements:
• Strong interpersonal skills;
• Strong leadership and communication skills (both verbal and written);
• Able to focus for extended periods of time;
• Able to manage time effectively;
• Ability to respond appropriately to unexpected challenges and shifting priorities;
• Ability to work on multiple tasks simultaneously;
• Excellent understanding of FICA & FIC regulations;
• An understanding of bookmaker operations;
• Willingness to assist teams across the business;
• Proficiency in Microsoft and related programs.
Requirements: Experience, Education and Other:
• 5+ years’ extensive experience in a Compliance and Risk Management role within the sports betting, online casino and iGaming industry;
• Excellent understanding of the South African regulatory environment (both National and Regional), as well as the laws that apply to operating a service business;
• In- depth understanding of identifying and managing operational, regulatory and business risk;
• Grade 12 (matric certificate required);
• Tertiary Education – Compliance advantageous;
• Financial background (advantageous).
Responses to be sent to employment@wsb.co.za, with the job title in the subject line.
Recruitment will be in line with the company’s employment equity targets.
