Financial Adviser Aifa : Everyday Banking (Fais)

Absa Bank; Durban; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading financial institution in Durban seeks a dedicated professional to implement compliance controls and mentor staff. Responsibilities include ensuring staff understanding of roles, providing training, and engaging in performance management discussions. The ideal candidate must understand compliance regulations and exhibit strong coaching abilities. This role is integral to maintaining high standards of service and operational efficiency.

Qualifications

• Understanding of compliance regulations (FAIS, FICA, FSB).
• Ability to coach and mentor staff.
• Experience in performance management discussions.

Responsibilities

• Implement controls for compliant record keeping.
• Ensure staff have a clear understanding of their roles.
• Provide coaching and mentoring for knowledge development.
• Liaise with Provincial Operations Office regarding maintenance.

Job description

Responsibilities

Implement controls with regards to compliant record keeping in accordance with minimum Absa business standards (i.e. FAIS, FICA, FSB and)

• Ensure that staff members (Adviser Assistants) have a clear understanding of their roles and responsibilities within the adviser practice.
• Arrange for staff members to receive the relevant training (Absa programs for the Interns) e.g., systems training, product training and operational training.
• Provide coaching and mentoring to assistant(s) with regards to facilitate knowledge and skills development.
• Participate performance development (PD) discussions as required by the Absa performance management standards.
• Take the necessary corrective actions in cases of underperformance in consultation with the Regional Manager.
• Liaise with Provincial Operations Office) with regards to maintenance of systems and equipment and provision of other services
• Complete all the required compliance exams in the specified timeframes (e.g. Anti-Money Laundering, Sanctions, BCM, Basic Financial Crime Concepts).
• Remain fit and proper as required for FAIS flagged roles.
• Provide monthly feedback to the branch, and Business Bank, regarding non-interest income (seat costs) and cross-selling opportunities
• Segment the client base according to profile, income potential and commission income.
• Engage with business development strategies with the support of the Regional Manager and our practice management subject matter experts to maximise the sustainability of the adviser practice.