Group Compliance Officer

  • Aquarius Recruitment Specialists
  • Cape Town, South Africa
  • Jul 11, 2018
Permanent Investment

Job Description

Our client is looking to employ a Group Compliance Officer to manage the Compliance Functions of the company. This position will report to the Head of Compliance and Chief Operating Officer.

Duties and Responsibilities:
• Designing, development and implementation of compliance frameworks
• Identifying and prioritising key regulatory obligations and the risks associated therewith
• Determining the impact of current and new legislation, projects and products
• Acting as Anti-Money Laundering Officer and responsibility for all FICA reporting
• Developing and maintaining relevant Compliance Risk Management Programmes
• Monitoring compliance with key regulatory requirements and ethical obligations
• Monitoring the efficiency of and consistency of compliance controls and assisting with enhancement of procedures and controls
• Tracking and facilitating the resolution of any potential non-compliant findings together with the respective business units
• Drafting, updating and reviewing Group compliance policies and procedures
• Interaction with the regulators, particularly the FSCA, in relation to new fund registrations, retirement fund rule amendments etc
• Interacting with the relevant Ombudsmen and dealing with all client complaints
• Membership of relevant ASISA or other industry committees
• Statutory reporting to regulators where required for Group companies
• Liaising with Internal audit and External Audit where necessary
• Providing reports on a regular basis, and as directed or requested, to keep the Board and senior management informed of the operation and progress of regulatory compliance efforts
• Promoting a compliance culture that values responsible conduct and compliance with internal and external obligations
• Creating a compliance culture of awareness through regular communication with staff
• Developing and conducting regular training to staff on key legal and regulatory obligations, including AML training and FAIS training
• Dealing with compliance queries from all business units as well as clients

Qualifications and Experience:
• A post graduate qualification, preferably with LLB or CA(SA) qualification
• Have passed FAIS RE 1, 3, 4 and 5 exams
• Minimum of five years’ experience in Compliance
Competencies Required:
• Strong compliance experience within an environment similar to Sygnia
• Approved FSCA Compliance Officer
• Excellent working knowledge of FAIS Act, CISCA, Pension Funds Act, Long Term Insurance Act (and New Insurance Act), POPIA and GDPR
• Practical experience in interacting with business executives and relevant board committees (e.g. Audit committee and Risk Committee)
• Strong analytical skills and a good eye for detail
• Proficient in MS Office (Word, PowerPoint and Outlook)
• Ability to understand broad business issues
• Ability to work independently when required
• Ability to manage a team
• Must be able to multi-task

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