Compliance Manager
Location: Cape Town, South Africa
Department: Compliance
Start Date: 01 April 2024
Closing date: 09 February 2024
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Core Functions
- To oversee the group compliance requirements, implementation, and monitoring.
Details of Functions
- Assuring compliance with the FSCA (Financial Service Conduct Authority) is always adhered to through close collaboration with stakeholders, key individuals, and external compliance officers.
- Identify and brief key individuals and EXCO on all forthcoming regulation changes and impacts on the business.
- Liaison with external compliance consultants.
- Preparation of board packs and compliance reports every quarter.
- Due diligence and review of third-party contracts including terms of business with various providers.
- Ongoing compliance monitoring and onboarding checks of all advisory staff, fit and proper competency checks according to FSCA regulations.
- Audit support – Provision of compliance requirements for internal and external audits.
- Oversight of the compliance team responsible for all onboarding and compliance checks of all cases within Carrick, and review of case escalations.
- Establish a culture of compliance by training all staff accordingly.
- Complaints management.
- Implementation and oversight of all aspects of anti-money laundering (AML) systems, including monitoring effectiveness and enhancing the controls and procedures where necessary.
- Leading and executing a risk-based AML compliance program to ensure ongoing compliance with regulatory requirements.
- Regular risk assessments and updates to Risk Management and Compliance Policy: such as identifying potential compliance risk and advising management to implement proper compliance programs to address any potential regulatory problems.
- Review, update, and implement all policies and procedures to ensure accuracy and compliance with regulatory changes such as the Treating Clients Fairly, Risk Management Policy.
- Monitor industry trends and developments and plan for potential changes.
- Support company secretary on agreements and license applications/renewals where required.
Qualifications, Experience and Skills
- Essential Qualification: Senior Certificate, Compliance Officer (recognised qualification).
- Total Number of Years’ Experience: 5+ years’ experience in a compliance role.
- 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).
- Compliance role in financial services.
- Must be a registered Compliance Officer with the FSCA.
- Management experience of a compliance department with a clear understanding of both local and offshore compliance requirements for South African investors.
Personal Attributes
- Good understanding of the South African and offshore compliance framework / risk management.
- Legal business contract drafting / amendment.
- Building strong stakeholder relationships.
- Strong ability to prioritise multiple projects and deadlines.
- Attention to detail.
- Excellent communication skills across a range of levels in the business.
- Good understanding of MS Office Suite.