COMPLIANCE OFFICER - WEALTH

SUMMARY:
This role is pivotal in developing, implementing, and managing compliance programs.

POSITION INFO:

Our client, with more than 20 years of experience within the financial services field and a nationwide footprint, is seeking a compliance officer who will ensure that the company operates within the legal and regulatory frameworks applicable to the financial services industry.

Location:

• Bellville/Bloemfontein/Pretoria.

Formal Education:

• Related degree (LLB, Bachelors in Law, Finance, Economics, Business Management or related fields);
• RE1;
• Registered Phase 1 Compliance Officer with the FSCA;
• RE3 and/or Certificate in Compliance Management (advantageous).

Experience:

• 3-5 years’ related experience in a compliance function in the financial services with working knowledge of investments, health benefits, non-life (short-term) insurance and long-term insurance being an advantage.

Knowledge:

• Technological: Microsoft Office;
• Bilingual (fluent in English and Afrikaans);
• Products within Industry;
• FAIS, FICA, POPIA and related Acts in regulatory universe.

Duties:

People:

• Training:
  • Ensuring that all employees understand the compliance policies and relevant laws and regulations. This includes developing and delivering training programs on compliance-related topics.
• Communication:
  • Acting as the point of contact for compliance-related questions and building strong relationships with financial advisors. Providing clear and accessible guidance to all employees on compliance matters.
• Fostering a Compliance Culture:
  • Promoting a culture of compliance and ethical behavior.

Processes:

• Regulatory Risk Management support:
  • Develop and implement a compliance coverage plan based on the approved regulatory framework;
  • Implement all necessary actions as per the plan to ensure achievement of the compliance plan objectives;
  • Assist the Compliance Manager in the maintenance of compliance policies, procedures and other compliance documentation.
• Licensing and profile changes:
  • Ensure that license profile changes are submitted timeously to the Regulator.
• Monitoring:
  • Conduct monitoring as per the agreed compliance coverage plan;
  • Monitor and or maintain all compliance registers;
  • Compile a monthly file monitoring schedule as per the monitoring plan and report findings to the Compliance Manager;
  • Liaise with internal departments, co-ordinate meetings with line managers and provide monitoring feedback to financial advisors.;
  • Conduct branch monitoring;
  • Review internal monitoring process and results, identify trends and risks for Company;
  • Escalate high risk findings immediately.
• Ad hoc support for Compliance projects:
  • Assist the Compliance Manager with any compliance project.
• Reporting:
  • Assist Compliance Manager to compile internal compliance reports on all compliance activities, compliance risks;
  • Assist with reporting to the regulator and other industry bodies.
• Recordkeeping:
  • Store all compliance records securely on SharePoint;
  • Correct naming conventions must be adhered to when documents are stored on SharePoint;
  • Maintain compliance documentation on the intranet.
• Training and Awareness:
  • Assist with compliance training and awareness initiatives.
• General:
  • Stay abreast of regulatory matter by attending webinars en reading newsletters;
  • Attend regular compliance meetings as required.
  • Attend to general compliance queries from advisors as well as other departments within the company and escalating where necessary.