Compliance Administrator
Location: Cape Town, South Africa
Department: Compliance
Start Date: As soon as possible.
Closing date: Tuesday, 19 March 2024
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Core Functions
To mitigate risk for the company by ensuring that advisors are providing suitable advice to clients, according to client needs and risk appetite; ensuring that all advisors are Fit and Proper, and relevant documentation is completed in order for the advisors to perform their roles.
Details of Functions
Compliance Duties:
- Compliance review of all New Business and Servicing cases submitted for the Carrick Group.
- Submission of Fund Selection and Withdrawal cases to various providers.
- Maintaining and Administering the Representative Register.
- Maintaining and Administering the Competency Register (e.g. CPD and Supervision tracking).
- Fit and Proper checks for New Wealth Managers.
- Ensuring all New Wealth Managers are provided with a “Starter Pack” (e.g Rep Disclosures drawn up, RMCP Emails to be sent, Submission of Masthead Applications, Drawing up of Supervision Forms).
- Ensuring all Quarterly declarations have been sent and received
- Drafting and sending correspondence to clients and external providers.
Adhoc Support:
- Assisting new Para-planners with pre-checking and training on Client Advice Records.
- Assisting terms of business with various Product Providers.
- Assisting Compliance Manager with complaint investigation and resolution.
- Data analysis for the purpose of resolution to investigations.
Qualifications, Experience and Skills
- Essential Qualification: Senior Certificate/Matric, post Matric advantageous.
- Total Number of Years’ Experience: 3 – 5 years working experience in wealth management industry.
- Type of Experience and Behavioral Competency: Prior work experience in compliance.
- Preferred qualifications include RE1, RE5, or any other qualifications associated with wealth management.
- Computer literacy (MS Word, Excel, Outlook – intermediate).
- Excellent communication skills (verbal and written).
Personal Attributes
- Solutions oriented.
- High level of professionalism and confidentiality.
- Self-managed.
- Stress tolerance.
- Able to thrive in a high pressure, fast paced environment.
- An unquestionable work ethic.
- Excellent judgement, interpersonal and decision- making skills.