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.