Head of Compliance, South Africa

Job Title

Head of Compliance, South Africa

Job Description

Job Purpose:

To manage the responsibility and oversight of all regulatory and licensing obligations as well as the internal compliance framework and plan for IGMSA.

Who we are:

Weve been at the forefront of trading innovation since 1974, taking on the challenge to deliver an unmatched experience for our clients and raise the bar for tomorrows opportunities. Today, were a global fintech company incorporating the IG, tastylive, Brightpool, IG Prime, Spectrum, and DailyFX brands, with a presence in 20 countries across five continents and over 400 000 active clients worldwide. But we know our success is only possible because of our people, who we encourage and empower to be brave, determined, and inventive.

Join us if youd like to work in an inclusive, collaborative team that will recognise your talent and allow it to shine.

Where youll work:

As part of our hybrid working environment, youll split your time between home and the office. In this way, youll be able to enjoy a better work-life balance and always bring your best self to your role.

At the office, youll have access to everything youd expect from a world-class employer, such as a modern working environment, agile spaces, private quiet rooms, and breakout areas. Plus, all our offices are located in iconic city centres, close to everything you might need for a rewarding working experience.

How youll grow:

Your personal and professional development are important to us. As a company thats constantly redefining the boundaries of possibility, well challenge you to push yourself, accelerate your ambitions and rise to new levels of excellence. We know thats a big ask, so well make sure that youre supported all the way, getting the backing you need and the recognition you deserve. If you connect with our vision and can get behind it, youll be rewarded with countless opportunities to experience new things and enhance your abilities.

What Youll Get

As well as having the chance to attend regular social interest groups, youll receive an attractive selection of benefits working at IG:

• Competitive salary
• Private medical cover for you and your family
• Life insurance
• Contribution to gym memberships
• Unlimited access to LinkedIn Learning Platform
• Comprehensive global and local onboarding process to the company and to your role
• Employee-led LGBTQ+, Womens, Black and Parents & Careers networks with annual budget for organizing events & projects that foster an open, diverse and inclusive culture
• Option to participate and create ESG initiatives based on IG Brighter Future Fund
• 2 additional days off a year for voluntary work
• 1 additional day off to celebrate your Birthday

Who you are:

Youre upbeat and enthusiastic, and you have an open mind and a curious, can-do attitude. You, like us, understand the importance of collaboration and are driven to be the best in what you do. You embody our three core values to champion the client, learn fast together and raise the bar. You want to be part of a proudly carbon-neutral company that will prioritise your wellbeing and that of the world around you, helping to create a brighter future for all. A company that embraces diversity and welcomes everyone with respect, regardless of race, age, sexual orientation, gender, identification, faith or culture. If youre inspired by our way of working and can bring something new to our team of top-notch people, then youll find a home here.

Job Responsibilities:

• Develop programs to ensure adherence to license permissions, relevant legislation, and regulations. Keep up to date on regulatory matters and inform key stakeholders.
• Manage and undertake review and analysis of consultation papers and subsequent responses, including the need to involve key stakeholders as necessary.
• Ensure compliance with all regulatory and statutory returns and reports.
• Ensure compliance with suspicious transactions reporting obligations.
• Oversight and on-going modification of the AML/CTF policy and procedures and KYC to comply with the AML/CTF regulations.
• Manage internal AML/CTF and other compliance training.
• Review and monitor compliance of outsourcing agreements, specifically those with FSCA oversight. Develop and provide oversight for the compliance assurance program.
• Oversee the dispute resolution procedures and any internal reporting.
• Develop and implement policies and procedures and review as necessary.
• Analyse, interpret and produce information on new or changed legislation and regulations.
• Manage and establish a professional and effective working relationship with the FSCA and other relevant regulators.
• Actively participate in external audits.
• Prepare for and lead compliance engagement in regulatory inspections.
• Be a proactive and involved member of the management team.
• Build and manage stakeholder support, including the local Board of Directors.
• Build and maintain a positive compliance culture.
• Provide leadership, development, and guidance for compliance team members.
• Be available, if required, to travel for training or other business purposes.

Person Specification:

A mature and experienced professional with a broad business knowledge and strong commercial acumen gained in a capital markets environment and with extensive compliance experience at a management level.

Essential:

• Experienced compliance professional with knowledge gained in capital markets.
• A well-developed knowledge of the FSCA, subsidiary legislation and regulatory instruments and must have FSCA qualification.
• Strong understanding of the AML/CTF regulations and experience in implementation of these into a business environment.
• Strong understanding of key internal risks.
• Strong policy writing skills.
• Able to deliver comprehensive and well researched analysis, reports, and recommendations.
• Able to manage effective business relationships at a multi-tier and cross-functional level.
• Proactive and self-driven with good negotiating, communication and interpersonal and the ability to influence others.
• Able to work independently and make sound, well thought out business decisions.
• Maturity and confidence to interact with NFA staff and senior management group stakeholders.
• Staff management and leadership experience.

Desirable:

• Minimum 8 years compliance experience.
• Preference for retail knowledge and understanding.
• Experience working with retail OTC derivatives or some knowledge of the pricing and determination of derivative financial instruments

Interpersonal Skills

Self-starting and uses initiative; able to work with a regional and global team; is able to identify problems and pursue a positive outcome; very organised individual who has the ability to remain calm and measured; a mature, balanced and considered approach; articulate with strong written and verbal communication skills; able to maintain a high level of performance under pressure; able to work to deadlines and multi-task; inquisitive with strong attention to detail; able to build and maintain effective relationships; willing and able to learn quickly in areas that are unfamiliar; able to effectively influence others; is able to identify innovative solutions that balance business needs with compliance obligations; is able to present a balanced view of priorities in aspiring to deliver the best result for the company.

Desirable:

Able to effectively manage additional or more senior levels of responsibility when required.

Number of openings

1