Senior Compliance Officer

Sanlam; Gauteng; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A prestigious wealth management firm in Gauteng seeks a Compliance Officer to assist in establishing and maintaining compliance functions. Ideal candidates should have 5-7 years in financial services, strong analytical abilities, and excellent communication skills. The role includes monitoring compliance with regulations, formulating policies, and conducting training. Full-time position offering growth opportunities in a dynamic environment.

Benefits

Opportunities for growth and development

Supportive work environment

Diversity and inclusion commitment

Qualifications

• 5 – 7 years compliance-related experience in financial services.
• Capable of registration as FAIS Compliance Officer and JSE Equity Compliance Officer.
• Member of the Compliance Institute of Southern Africa advantageous.

Responsibilities

• Assist in establishing a robust compliance function.
• Formulate and implement compliance policies and procedures.
• Monitor compliance with regulations and recommend enhancements.

Skills

Compliance experience

Financial markets knowledge

Analytical skills

Excellent communication

Time management

Education

B Com (Law) / LLB or similar degree

FSCA RE Exams

SAIFM Compliance certification

Tools

MS Office

FAIS E-Portal

JSE BDA system knowledge

Job description

Sanlam Rand West City, Gauteng, South Africa

Who are we?

Sanlam Private Wealth crafts customised investment portfolios for high-net-worth private clients, charitable institutions, trusts and corporate entities.

With assets under management and administration of more than R billion, we offer a comprehensive and integrated suite of wealth management solutions.

These include equity, retirement and offshore investment portfolios, fiduciary and tax services, an equity-backed finance offering, a global stockbroking service and derivatives trading.

At Sanlam Private Wealth, our clients are at the core of everything we do.

For this reason, we employ people with passion – individuals who thrive in an entrepreneurial, high-energy environment.

Sanlam Private Wealth is part of the Sanlam Investment Group – the largest, most diversified investment firm in South Africa, with a growing footprint on the African continent and in India.

What will you do?

Assist the Head of Compliance and Compliance Manager to establish and maintain a robust compliance function within the risk management framework of the business according to key regulations.

Formulate, adapt, initiate, maintain and implement policies and procedures on various key regulations as required.

Draft, maintain and enhance Compliance Risk Monitoring Plans (CRMPs), Compliance Monitoring Plans (CMPs) and Working Papers (WPs) and determine the amount, frequency and type of monitoring needed to satisfy the CRMPs, CMPs and WPs.

Incorporate new legislation into existing structure.

Monitor compliance and adherence with rules, regulations, policies, procedures and limits and recommend enhancements.

Act as an independent reviewer to identify areas of potential compliance vulnerability and risk and develop or implement corrective action plans, proactively finding business solutions as required.

Develop and maintain systems and tools to support the compliance function.

Manage compliance static data.

Ensure regulatory and compliance deadlines are met.

Assist the Head of Compliance and Compliance Manager when liaising with regulators.

Assist the Head of Compliance and Compliance Manager with rolling out training to employees on compliance and new legislation.

Assist the Head of Compliance and Compliance Manager to oversee Junior Compliance Officers and Compliance Assistants in respect of certain regulatory tasks.

Perform ad-hoc tasks as required.

Qualification and experience

This role is a senior mid-level role and requires compliance experience in the asset management / private wealth / financial services industry.

The candidate is expected to have a solid understanding of financial markets and investments.

B Com (Law) / LLB or similar degree, must be an FSCA recognized qualification.

Must have the FSCA RE Exams and SAIFM Compliance certification would be an advantage.

Capable of registration as a FAIS Compliance Officer and / or JSE Equity Compliance Officer.

5 – 7 years compliance-related experience in the financial services industry.

Exposure to CAT I (direct and via intermediary services) and CAT II FSP businesses.

Member of the Compliance Institute of Southern Africa would be advantageous.

Knowledge and skills

Working knowledge and application experience of financial markets legislation is key.

Key Acts : FAIS (essential), JSE Equity Rules and Directives (essential), FICA / AML, FATCA, POPIA, Regulation 28, SARB and NCA advantageous.

Strong computer literacy skills in MS Office, FAIS E-Portal and JSE BDA system knowledge essential.

Excellent numeracy skills.

Technical understanding of financial products and instruments required.

Research and due diligence skills.

System automation skills (innovative ideas on possibility to automate processes / procedures).

Ability to understand broader business issues, to apply holistic insight and acumen in integration of processes.

Insight into applicability of AI and robotics in compliance environment advantageous.

Personal qualities

This person needs to be assertive, self-motivated and have a strong achievement drive, committed to personal and organizational success.

A mastery of time management, prioritizing and planning is key in this role as a result of the diversity of the role and the large number of tasks.

Ability to work independently with minimum oversight and a high regard for accountability.

Strong, proven analytical and logical thinking skills.

Excellent communication skills (verbal and written) and report writing skills.

Strong administrative and organizational skills with acute awareness and appreciation of accuracy, detail, demands and deadlines.

Proactive and a lateral thinker with a solutions-based approach when interpreting regulation.

Ability to operate within a high-performance environment, resilient and pressure tolerant.

Sound independent decision / judgment making and reasoning under pressure.

Excellent negotiation skills and ability to influence.

Able to operate at both a detailed and strategic level, with an ability to implement.

High ethical standards.

Truthful, honest, transparent (clear and direct but diplomatic) and dependable.

Ability to learn quickly and think outside the box and be adaptable.

Friendly and professional, with a positive, enthusiastic attitude.

Build a successful career with us

We're all about building strong, lasting relationships with our employees.

We know that you have hopes for your future – your career, your personal development and of achieving great things.

We pride ourselves in helping our employees to realize their worth.

Through its business clusters – Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate Santam, Mi-way, as well as the Group Office – the group provides many opportunities for growth and development.

Turnaround times

The shortlisting process will only start once the application due date has been reached.

The time taken to complete this process will depend on how far you progress and the availability of managers.

To be considered for the above opportunity please upload your detailed CV on or before 21 November

Please note that if you are not contacted within 2 weeks after the closing date your application has been unsuccessful.

Our Commitment to transformation

The Sanlam Group is committed to transformation and embracing diversity and our employment equity plan and targets will be considered as part of the recruitment process.

This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society as well as people with disabilities.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Legal