Compliance Officer - Collective Investments

Description

Compliance Officer

Summary Of The Position

The role will consist of supporting all the legal and regulatory compliance activities of the Boutique Collective Investments Manco.

The Compliance Officer will work alongside and support the local Compliance team and Head of Compliance to assist staff members in discharging their responsibility to comply with applicable legislative and regulatory requirements through the provision of compliance services and to identify, assess, manage, monitor and report regulatory compliance risks facing the organisation.

Regulatory Compliance Duties

Outline of main duties and responsibilities

• Ensure the effective implementation of the Compliance Monitoring programme and undertake all aspects of monitoring activities;
• Track non-compliant findings with respective business unit managers until resolved;
• Monitor compliance with applicable regulations which includes but is not limited to CISCA, FAIS, FICA, POPIA, Reg 28 and the efficiency and consistency of compliance controls and assist with the enhancement of procedures and controls;
• Regulatory reporting and submission to the relevant regulators in terms of CISCA, SARB, Reg 28, ASISA, FIC
• Maintain appropriate written procedures to ensure compliance with applicable legislation, regulations and group policies, and to monitor adherence to such procedures in order to demonstrate to the applicable Regulators that the business seeks to adequately manage its compliance risks;
• Maintain a register of complaints, conflicts of interest, compliance, data breaches, high-risk clients and actively manage adherence to the related process and mitigation of breaches;
• Providing assistance and support in satisfying staff training and development needs and plans in relation to new regulations and legislation;
• Preparing training material and deliver training in compliance with regulatory obligations and business procedures;
• Monitoring of the regulatory risks within the business;
• Acting as the Deputy MLRO, support the establishment and maintenance of the groups Anti Money Laundering policies, procedures, systems and controls in compliance with the Anti Money Laundering rules and all relevant legislation applicable;
• Monitor screening, suspicious transactions and provide reporting and escalations as required.
• Completing of enhanced customer due diligence reports for senior management approval.
• Undertake projects such as those projects addressing new regulatory initiatives and the review of existing policies.
• Monitor that a register of processing operations is maintained by the relevant entities;
• Monitor data protection compliance within the entities and help the entities to be accountable in this respect;
• Monitor that all affected entities have made the necessary data protection notifications, and comply with applicable legislation, group policies and procedures in connection with data protection obligations;
• Support the Information Officer and Deputies to cooperate with the local regulators (responding to their requests about investigations, complaint handling, inspections conducted by the local regulators, etc.)
• Ad-hoc compliance duties as assigned by the line manager.

Skills And Experience Required

The successful candidate will meet the following requirements. Please note 5 years_ Collective Investment experience is a 'must-have' for this role.

• Strong working knowledge of the South African financial services regulatory framework;
• Strong working knowledge of the Data protection regulatory framework;
• Discreet and confidential manner;
• Confidence and persuasiveness, with the ability to motivate colleagues and support the embedding of a positive compliance and risk management culture;
• Be well organised, with the ability to work autonomously and deal with a busy workload;
• Be prepared to get heavily involved in the running of the regulatory compliance function, investigate complex structures and consider appropriate KYC requirements and risk categorizations.
• Well organized with the ability to work autonomously and deal with busy workload;
• Self-motivated, mature and able to use initiative.

Education and Experience

• Degree level qualification, or equivalent, ideally in Law or Compliance and Risk Management;
• At least 5 years relevant work experience in the Financial Services Industry, preferably within a Collective Investment Scheme.

Learning And Development

• You will receive training on a day to day basis by coaching and mentoring;
• Personal development plan will be agreed on an annual basis;
• Self-learning;
• Attendance to internal training including webinars, workshops and workgroups as may be required;
• Attendance at external seminars and training events as may be required.

Reporting structure

The Compliance Officer will report to the Head of Compliance based in Bellville.

Remuneration level

Remuneration will be market related and commensurate with experience and seniority. In addition, the successful candidate will receive a competitive benefits package.