FAIS Compliance & Advice Quality Specialist

Discovery Limited; Sandton; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Discovery Limited is seeking a qualified professional for the FAIS Centre of Excellence within Group Compliance. The role focuses on assessing the quality of financial advice, ensuring compliance with FAIS, TCF, and regulatory standards, and preparing clear assessment reports.

You will build relationships with Key Individuals and stakeholders, monitor corrective actions, stay abreast of regulatory changes, and contribute to training and awareness initiatives.

Qualifications

• 3 years of working experience in a financial services compliance role.
• Recognised compliance qualification from accredited institution.
• Member of CISA, FPI would be advantageous.

Responsibilities

• Conduct quality of advice assessments to evaluate compliance with FAIS requirements, regulatory standards, and Treating Customers Fairly (TCF) principles.
• Assess the suitability, appropriateness, and completeness of financial advice and identify compliance risks, trends, control weaknesses, training needs, and required corrective actions.
• Prepare clear and timely assessment reports, providing findings, recommendations, and feedback to Compliance Officers, management, and relevant stakeholders.
• Monitor and follow up on the implementation of agreed corrective actions, escalating significant breaches and emerging risks where necessary.
• Build and maintain effective relationships with Key Individuals, representatives, juristic representatives, management, and other stakeholders to support a culture of compliance.
• Recommend improvements to advice processes, controls, procedures, and systems to enhance advice quality and regulatory compliance.
• Stay abreast of regulatory developments, FSCA guidance, industry trends, and legislative changes impacting advice and intermediary services.
• Contribute to compliance awareness and training initiatives aimed at improving advice quality and regulatory compliance.
• Perform administrative duties and ensure adherence to standard operating procedures, service level agreements, daily targets, and team objectives.

Skills

Analytical skills

Attention to detail

Communication skills

Process-driven

Education

Relevant tertiary education

Compliance qualification

CISA/FPI membership advantageous

Job description

Discovery Limited is seeking a qualified professional for the FAIS Centre of Excellence within Group Compliance. The role focuses on assessing the quality of financial advice, ensuring compliance with FAIS, TCF, and regulatory standards, and preparing clear assessment reports.

You will build relationships with Key Individuals and stakeholders, monitor corrective actions, stay abreast of regulatory changes, and contribute to training and awareness initiatives.