Compliance Manager

Prescient; Wes-Kaap; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Prescient seeks a Compliance Manager to lead the regulatory compliance team across Prescient Fund Services and Prescient Management Company. You will coordinate activities, maintain CRMPs, and report regulatory risks to executives, while ensuring adherence to SA regulations and group policies.

You will oversee licencing, reporting, and compliance controls, acting as FAIS CAT I officer and MLRO where applicable, with a focus on embedding a strong compliance culture throughout the business.

Qualifications

• 5+ years compliance experience in a financial services environment.
• FAIS registered Compliance Officer for Cat I.
• Strong knowledge of South African regulatory framework.

Responsibilities

• Lead and coordinate the compliance team and activities.
• Oversee licensing requirements and regulatory obligations for the licensed entity.
• Act as FAIS CAT I, FIC MLRO, or S13B Compliance Officer as applicable.
• Develop and monitor Compliance Risk Management and Monitoring plans.
• Prepare reports to regulators and internal committees.

Skills

Regulatory compliance

Leadership

Risk management

FAIS knowledge

Education

Law degree or equivalent

Tools

CRMP systems

Regulatory reporting tools

Job description

Purpose of role:

This second-line compliance role involves leading, supporting, and coordinating compliance activities across for both Prescient Fund Services and Prescient Management Company. The Compliance Manager will manage the regulatory compliance team and work alongside the Head of Compliance and assist the team 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.

Duties and responsibilities:

• Manage a team of Compliance Officers/Administrators.
• Oversee licensing requirements and regulatory obligations (including reporting, applying for new business products, etc.) for the relevant licensed entity and regulatory approved individuals, while ensuring that compliance activity takes account of all relevant legislation and FSCA/FIC/Information Regulator activities.
• Serve as the appointed FAIS Compliance Officer for a CAT I FSP (intermediary only), and/or FIC MLRO and Compliance Officer and/or S13B Compliance Officer.
• Drive, oversee and maintain the development and monitoring of Compliance Risk Management and Compliance Monitoring plans
• Identify compliance focus areas and assists the business to build effective CRMP’s and documenting those in the risk management system
• Assist the Head of Compliance in the preparation of reports to regulatory authorities, and internal executive committees and boards.
• 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.
• Promote a positive compliance culture and risk awareness.
• Providing assistance and support in satisfying staff training and development needs and plans in relation to new regulations and legislation.

Required experience:

• 5+ years compliance experience in a financial services environment
• FAIS registered Compliance Officer for Cat I.
• Strong working knowledge of the South African financial service's regulatory framework.

Required Qualifications:

• Relevant tertiary qualification, ideally in Law or Compliance and Risk Management.

Key competencies:

• Strong working knowledge and experience within a regulatory compliance role in the financial services industry.
• Strong work ethic, and ability to work under time pressure around submission deadline times.
• Risk-Based Thinking: Skilled in applying a risk-based approach to compliance monitoring, reporting, and decision-making.
• Proficiency in AI integration to increase productivity and reduce risk.
• Strong problem-solving ability and critical thinking
• Ability to work well independently as well as in a team environment.
• Self-starter who is self-driven and self-directed.
• Honesty and integrity.

Why this role:

This is an excellent opportunity to take the lead in a key regulatory compliance function and effective monitor the business in line with legislative requirements. You will play a key role to positively promote further embed a compliance culture within the business.