Compliance Officer - Investment Class

World Wide Drill Training & Consulting; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

A leading company in the financial sector in Johannesburg seeks a Compliance Officer to oversee regulatory adherence and mitigate compliance risks. This pivotal role involves developing compliance strategies, educating staff, and ensuring alignment with legal standards. Candidates should possess a Bachelor's degree and substantial experience in compliance management.

Qualifications

• Minimum 5 years experience as a registered Compliance Officer with FSCA for Cat I & II.
• Solid understanding of finance and investment funds.
• Familiarity with VC / PE terminology.

Responsibilities

• Monitor and manage compliance with financial regulations and internal policies.
• Develop and implement compliance programs, policies, and procedures.
• Educate employees and clients on compliance matters.

Skills

Compliance Management

Risk Assessment

Regulatory Knowledge

Financial Analysis

Education

Bachelor's degree in law, finance, business administration

Job description

The company has a vacancy for a CO. This role forms a critical function within the business ensuring compliance with the regulations in place for Financial Services providers (FSPs).

Main Purpose of the Role

Registered main contact person as the CO for FSCA.

Facilitates and monitors the companys clients adherence to legal regulations, internal policies, and ethical standards. Identifies, assesses, and manages compliance risks, develops and implements compliance programs, and educates employees on relevant regulations.

Registered CO

Must have the relevant qualifications to register with FSCA as the CO for multiple FSPs for financial product licence category I (Cat I) and licence category II (Cat II) for the Investments class of business.

Key Duties :

FAIS & FICA Apply and impart knowledge of the FAIS Act to the business

Apply and impart knowledge of the duties of a FAIS representative and KI to the business

Apply and impart knowledge of the specific obligations in terms of the relevant code of conduct and other regulatory legislation

Apply and impart knowledge of the financial products and role players in Financial Services to the business Manage representatives through monitoring conduct

Align execution of duties with the compliance requirements Ensure proper record keeping

Apply knowledge of FICA as it applies to the FSP Design a compliance risk management framework with reference to the FSPs risk profile

Facilitate approval and Assist in implementation Identify, interpret, assess and clarify the applicable regulatory requirements

Facilitate the development and approval of compliance risk management plan

Compile and submit compliance reports

Coordinate, communicate and liaise with industry regulators

Send relevant compliance communications and updates to key stakeholders and clients

Assist, guide and advise management on the application of relevant regulatory requirements

Compliance Management

Files / submits statutory returns to the FSCA and FIC

Co-ordinates annual professional indemnity insurance renewals

Co-ordinates and conducts quarterly compliance reviews with clients and timeously follows up on outstanding matters

Develop and implement compliance programs, policies, and procedures

Facilitate and monitor the companys clients compliance to all relevant laws and regulations

Provide training and education to employees and clients on compliance-related matters, including new regulations and internal policies

Keeps up to date with changes in laws and regulations and facilitate compliance thereto

Address compliance issues, including non-compliance, investigations, and reporting

Rick Assessment & Management

Identify, assess, and manage compliance risks by understanding potential issues and developing strategies for mitigation.

Monitoring & Auditing

Monitor compliance with regulations and internal policies through quarterly compliance meetings, investigations, and reporting.

Minimum Requirements :

Bachelor''s degree in law, finance, business administration, or a related discipline.

Minimum experience of 5 years as a registered CO with FSCA licenced for Cat I and Cat II

working in the Investments Class of Business.

Minimum 5 years experience in compliance management

Solid understanding of finance and investment funds is essential.

Familiarity with VC / PE terminology.

Strong interest and understanding of market trends, particularly within the financial sector.

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Compliance Officer • Johannesburg, South Africa