Compliance Officer

Prescient; Wes-Kaap; On-site; ZAR 600,000 - 1,000,000; Full time

Job summary

Prescient seeks an experienced Compliance Officer to lead regulatory obligation management under FAIS, S13B, and FICA. This senior role covers Prescient Fund Services and related entities, requiring strong oversight of MLRO duties and ongoing regulatory submissions.

You will develop and deliver compliance training, monitor CPD compliance for reps, and maintain regulatory reporting with the FSCA. The role calls for a proactive, detail-focused professional with stakeholder management skills.

Qualifications

• 5–8 years’ experience in a regulatory compliance role within financial services.
• FAIS registered Compliance Officer for Cat I.

Responsibilities

• Act as the appointed FAIS Compliance Officer for a CAT I FSP.
• Liaise with FSCA and ensure regulatory submissions.
• Oversee AML/MLRO and FIC reporting obligations.
• Implement and monitor CPD, COB, PST trainings for reps.
• Provide S13B compliance and regulatory reporting.
• Ensure evidence of supervision for supervised reps.
• Keep up to date with legislation and advise senior management.

Skills

FAIS compliance

FICA monitoring

Regulatory reporting

CPD & training oversight

Regulatory liaison

Education

Degree / Post Graduate

RE 1

RE 5

Job description

Purpose of role:

This is a key compliance function with the responsibilities to cover a number of compliance requirements, including FAIS, S13B of the Pension Funds Act and FICA, for both Prescient Fund Services and Prescient Management Company. A great opportunity suited to an experienced regulatory Compliance Officer.

Duties and responsibilities:

• Serve as the appointed FAIS Compliance Officer for a CAT I FSP (intermediary only), and FIC MLRO and Compliance Officer and S13B Compliance.
• FAIS monitoring and planning for Prescient Fund Services and related Juristic Representatives:
  • Update monitoring plan to be line with the relevant legislation.
  • Monitor Continuous professional development (CPD), Class of business training (COB) and Product specific training (PST) of all reps and KI’s within the business.
  • Report to Senior Management.
  • Submit any regulatory reports required by FAIS.
• Representatives under supervision monitoring:
  • Monitor that the representatives under supervision are being supervised and ensure that evidence of supervision is provided.
• AML – MLRO:
  • Keep up to date with relevant legislation.
  • Assist in any FIC reporting.
  • Oversight of ongoing FICA monitoring.
• Provide FAIS training:
  • Plan and implement compliance training to Prescient Fund Services to cover the various pieces of legislation relevant to the fund administration business.
• Regulatory submissions:
  • Collate and submit regulatory submission for PFA S13B license.
  • Collate and submit any adhoc regulatory reporting required by the FSCA.
• Liaise with FSCA for any further licencing requirements that the companies within the PFS Group may have.
• Any other regulatory compliance related services that the company may require

Required experience:

• 5 – 8 years’ experience in a related regulatory Compliance role from Financial Services / Fund Services.
• FAIS registered Compliance Officer for Cat I.

Required Qualifications:

• Degree / Post Graduate Qualification required.
• RE 1 and RE 5.

Key competencies:

• Attention to detail.
• Ability to take initiate and drive projects to completion.
• Strong time management skills.
• Positive team player.
• Good written and verbal communication skills.
• Reliable and trustworthy.

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.