Risk and Compliance (Client Facing)

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

Job summary

An innovative firm is seeking a seasoned Compliance professional to lead their compliance function, ensuring adherence to financial regulations and risk management practices. This role involves developing internal policies, advising senior management, and maintaining a robust compliance framework. The ideal candidate will have over a decade of experience in financial services, with a strong focus on compliance and risk management. Join a dynamic team that values initiative and creativity, where your contributions will significantly impact the firm's operations and client relations. This is an exciting opportunity to thrive in a fast-paced environment while ensuring compliance and risk mitigation.

Qualifications

• 10+ years in international financial services, with 3+ years in compliance.
• Strong understanding of AML/KYC laws and financial regulations.

Responsibilities

• Lead compliance function and ensure adherence to regulations and policies.
• Develop internal risk policies and frameworks for consistent practices.
• Conduct stress testing and manage operational risk for the firm.

Skills

Risk Management

Compliance

Analytical Skills

Communication Skills

Leadership

Problem-Solving

Organizational Skills

Education

University Degree in Law, Finance, Compliance or Risk Management

Masters in Business Administration

Tools

Maconomy

Job description

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About Us:

Amicorp Group is an independent leading global provider of asset management, fund administration, trust fiduciary and corporate services to mostly corporate but also high-net-worth clients (www.amicorp.com). We are a Hong Kong based Group with an international network of 40+ offices in over 30 countries.

Our private ownership further allows us to be fully committed to our client`s long-term financial needs and goals. We aim to provide a safe and stable working environment for our employees, we promote environmental consciousness and contribute positively to the communities in which we are active; we are also soundly profitable. We are proud to have our global team of 700+ specialists who contribute their individual talents to Amicorp’s broad range of expertise and experience.

We are international, independent, entrepreneurial and growing fast. We have a fast paced, dynamic, international work environment. Our people possess a strong entrepreneurial and solution driven mindset, and we value people with initiative, creativity, ambition and drive, and we offer market competitive compensation.

Summary:

The role requires an experienced Compliance professional with proven Risk Management and Compliance experience in financial, accounting services or trust & fiduciary services, who will be accountable to run an efficient and effective Compliance function that ensures that all enterprise risks are monitored and addressed while enabling smooth business. The role holder will be primarily responsible to lead the compliance in the local office, with accountability to implement and maintain Amicorp’s Enterprise Risk Management framework – ensure there is an effective compliance framework, infrastructure, controls and associated policies, whereby the office complies with applicable local laws and regulations, supervisory requirements, as well as internal policies and procedures, while identifying and solving issues to ensure the smooth running of the business.

Primary Duties and Responsibilities:

• Attending board meetings, advising the Board and senior management in risk management, and assisting them in assessment of risks.
• Develop and implement internal risk policies and frameworks for various business units to ensure consistent risk management practices.
• Collaborate with the compliance function in regulatory/compliance risk management including building second level controls (“bottom-up” controls) and creating risk awareness.
• Responsible for the operational risk management function within the Firm.
• Identify and evaluate risks related to the license, including market, credit, liquidity, operational compliance, and reputational risks. Overseeing risks on margin trading, margin calls, monitoring of limits on trades.
• Participation in investment committees in all proposals.
• Conduct Stress Testing and Scenario Analysis to evaluate the firm’s resilience, continuously monitor the risk exposure and ensure that it stays within the established risk appetite and limits.
• Manage and investigate incidents related to risk management failures or breaches. Implement corrective actions to prevent recurrence and minimize impact.
• Review of quarterly reports of the MLRO and review of the adequacy of AML and compliance policies and procedures.
• Ensures client business is conducted in compliance with relevant laws, rules and regulations; Identifies and analyses business risks.
• Prepares, reviews and maintains Compliance and Risk Management policies and regulatory procedures up to date.
• Act as the main point of contact for Fund clients, identify and report any non-compliance or suspicious activity, in accordance with anti-money laundering legislation and regulations in a timely manner.
• Perform level of controls on compliance matters, such as transaction monitoring, client acceptance files, onboarding of Fund investors.
• Preparation for and participation in organization internal committees.
• Promotes the Compliance Department throughout the region, including ownership of compliance obligations, establishing and maintaining a compliance framework, evaluating compliance requirements, providing compliance training.
• Plays an active role in the maintenance and continuous improvement of the compliance governance framework.
• Prepares reports for the Regulatory Authorities, the Board of Directors and the Management team.
• Remains updated on developments and changes concerning relevant regulatory and money laundering laws and regulations.
• Ensures adequate training of employees in relation to Compliance issues, including KYC and AML matters.
• Maintain a risk matrix for the organization.
• Provision of support, advice and expertise to operational teams and management team in compliance matters.
• Perform name screening and analysis of alerts on possible compliance situations and provide recommendations accordingly.

Time Recording:

• Accurately record chargeable time and value of service using Maconomy, ensure effective monitoring of transactions, handle pricing, invoicing and collection of outstanding fees for the portfolio of clients.
• Monitor own productivity and chargeability on weekly basis and review productivity and performance against targets to ensure that individual financial targets and client communication KPIs are met.
• Follow a disciplined approach to submitting timesheets for client work and meet the weekly and monthly time/ chargeability targets.

Other Duties:

• Undertake the role of director, trustee, nominee, manager, partner, secretary, authorized signatory or any related position in internal entities or client entities of Amicorp Group, where necessary and required by the Management.
• Undertake such other duties, related to the position, as may from time to time be agreed with Management.

Candidate Profile:

• University Degree from a recognized University in Law, Finance, Compliance or Risk Management and/or Masters in Business Administration or a related field.
• At least 10 years of experience in working with/within an international financial services or investment fund company, of which at least 3 should be on a Compliance role.
• Excellent understanding of the relevant rules and regulations for compliance theme areas, including AML/KYC laws, FATCA and main financial instructions.
• Ability to handle sensitive situations in a confidential and professional manner and to influence at all levels.
• Strong commercial mindset, takes initiative, positive and proactive, dedicated, focused and revenue and target driven. Excellent organizational, interpersonal and communication skills.
• Proven leadership and team player skills, with ambition to excel in the role.
• Exceptional client facing skills. Well-developed spoken and written communication skills and the ability to tailor style to relevant audiences and successfully liaise with people at different levels. Excellent English language fluency: additional languages preferred.
• Strong analytical and problem-solving skills, solution driven, highly organized and detail-orientated with good decision making and time management skills. Independent, hands-on and takes accountability to deliver solutions and results.
• Ability to adapt and work in a smaller, dynamic local team environment with tight deadlines; along with being part of a bigger matrix organization.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Other, Accounting/Auditing, and General Business

Industries

Investment Management, Financial Services, and Funds and Trusts