Director/CEO (South Africa)

Director of a Microfinance Company (South Africa)

📍 Location: South Africa

💼 Industry: Microfinance / Financial Services

📑 Employment Type: Full-time / Long-term cooperation

We are seeking an experienced Director to lead and oversee a microfinance company operating in South Africa.

The primary objective of this role is to ensure that the company operates in full compliance with South African financial regulations and maintains stable operational management.

Key Responsibilities

•Ensure the company’s activities comply with South African legislation and regulatory requirements

•Liaise with banks, regulatory authorities, and government institutions

•Oversee compliance with:

•National Credit Act (NCA)

•Financial Intelligence Centre Act (FICA)

•Protection of Personal Information Act (POPIA)

•Actively participate in the operational management of the company

•Supervise lending operations and customer service processes

•Establish and maintain compliance and internal control procedures

•Participate in the development and scaling of financial operations

Candidate Requirements

Mandatory Requirements

✔ Residing in South Africa

✔ Ability to interact directly with banks and regulatory authorities

✔ Availability for audits, inspections, and regulatory procedures

Professional Reputation

•No criminal record, especially in relation to financial matters

•No history of bankruptcy or director disqualification

•Clean professional and business reputation

Professional Experience

Candidates must have experience in one or more of the following areas:

•Microfinance companies

•Banking sector

•Fintech companies

•Lending and credit operations

•Risk management

•Compliance / regulatory affairs

Business Understanding

The candidate should have a practical understanding of:

•Creditworthiness and affordability assessments

•How lending products operate

Interest rates, fees, and repayment structures

•Debt repayment processes

•Customer operations within financial services

Regulatory Knowledge

A general understanding of the following areas is required:

Credit Regulation

•Responsibilities of a credit provider

•Mandatory disclosure of lending terms to clients

•Prohibition of reckless lending

Anti-Money Laundering (AML)

•Customer identification and KYC procedures

•Transaction monitoring

•Reporting obligations

Data Protection

•Handling of personal data

•Information security and data •protection requirements

Preferred Qualifications

•Experience working with the National Credit Regulator (NCR)

•Participation in launching or scaling financial companies

•Experience in online lending businesses

•Experience working with foreign shareholders or international ownership structures

Who We Are NOT Considering

❌ Nominee directors

❌ Candidates without financial industry experience

❌ Candidates not residing in South Africa

❌ Candidates with problematic professional or legal backgrounds

If you have relevant experience within the South African financial sector and understand regulated financial operations, we would be glad to discuss this opportunity with you.