Compliance Associate

The Recruitment Council; Cape Town; On-site; ZAR 400 000 - 550 000; Full time

Job summary

A financial services company is seeking a Compliance Associate to support internal compliance functions. The role includes drafting compliance documentation, ensuring the accuracy of records, and providing training on compliance standards. Candidates should have 3+ years of experience in a FAIS compliance environment and a relevant degree. Knowledge of MS Office tools is essential. This position is key to maintaining regulatory adherence and enhancing risk management processes.

Qualifications

• 3+ years experience in an administrative role with exposure to a FAIS compliance environment.
• RE5 certification is advantageous.

Responsibilities

• Assist in drafting and updating compliance documentation.
• Provide support in compliance remediation initiatives.
• Capture estimates in Commpay and Xplan.
• Assist in compliance training development.
• Conduct research on regulatory changes.

Skills

Organisational abilities

Attention to detail

Communication skills

Technological proficiency

Multitasking

Education

Relevant tertiary qualification in risk management, law, or compliance

Tools

MS Word

Excel

PowerPoint

Job description

Overview

Job Title: Compliance Associate

Division / Department: Operations | Group Shared Services

Reporting to: Head of Compliance

Position Summary:

The Compliance Associate plays a pivotal role in supporting the internal compliance function by ensuring all compliance-related activities are executed accurately and efficiently. The incumbent works cross-functionally with various departments to ensure adherence to regulatory frameworks and internal policies, contributing to the organisation\'s overall risk management and governance objectives.

Responsibilities

• Compliance Support and Record-Keeping

  Assist in drafting, reviewing, and updating compliance documentation including policies, procedures, and risk assessments.

  Compile and analyse data to support the preparation of audit reports and compliance reviews.

  Maintain and update compliance-related records and registers to ensure accessibility for audits and internal reviews.

  Monitor documentation to ensure consistency, accuracy, and completeness.

• Project and Remediation Support

  Provide support in the execution and monitoring of compliance remediation initiatives and projects.

  Liaise with internal stakeholders to address compliance gaps and implement corrective measures.

  Track project progress, prepare reports, and escalate issues that may affect timelines or outcomes.

• Commpay Administration

  Accurately capture estimates and actuals in Commpay and Xplan for Wealth Managers.

  Collaborate with the fees department to lodge commissions, ensuring accuracy and timely submission.

  Review and verify lodgements prior to monthly submission.

• Training and Awareness

  Assist in the development and delivery of compliance training materials tailored to various employee levels.

  Coordinate with department heads to ensure content is relevant and aligned with regulatory and internal policy requirements.

  Monitor training participation and assess effectiveness through feedback and compliance metrics.

• Research and Analysis

  Conduct research on regulatory changes, industry developments, and best practices.

  Analyse and present findings to the compliance team, supporting decision-making and strategic planning.

  Recommend proactive measures to mitigate compliance risks based on research insights.

Qualifications

• 23 years experience in an administrative role, with specific exposure to a FAIS compliance environment.
• Relevant tertiary qualification in risk management, law, or compliance from a recognised institution.
• RE5 certification is advantageous.
• Proficiency in MS Word, Excel, PowerPoint, and other industry-related systems.

Key Competencies

• Strong organisational and multitasking abilities.
• High attention to detail and accuracy when handling complex information.
• Technologically adept with excellent communication skills.
• Ability to handle confidential information with discretion.
• Proactive, self-motivated, and able to work collaboratively across departments.