Compliance Officer - Investment Class

SUMMARY:
Compliance Officer - Investment Class

POSITION INFO:

The company has a vacancy for a CO. This role forms a critical function within the business ensuring compliance with the regulations in place for Financial Services providers (FSP’s).

Main Purpose of the Role

• Registered main contact person as the CO for FSCA.

• Facilitates and monitors the company’s client’s adherence to legal regulations, internal policies, and ethical standards. Identifies, assesses, and manages compliance risks, develops and implements compliance programs, and educates employees on relevant regulations.

Registered CO

Must have the relevant qualifications to register with FSCA as the CO for multiple FSP’s for financial product licence category I (Cat I) and licence category II (Cat II) for the Investments class of business.

Key Duties:

• FAIS & FICA Apply and impart knowledge of the FAIS Act to the business

• Apply and impart knowledge of the duties of a FAIS representative and KI to the business

• Apply and impart knowledge of the specific obligations in terms of the relevant code of conduct and other regulatory legislation

• Apply and impart knowledge of the financial products and role players in Financial Services to the business Manage representatives through monitoring conduct

• Align execution of duties with the compliance requirements Ensure proper record keeping

• Apply knowledge of FICA as it applies to the FSP Design a compliance risk management framework with reference to the FSP’s risk profile

• Facilitate approval and Assist in implementation Identify, interpret, assess and clarify the applicable regulatory requirements

• Facilitate the development and approval of compliance risk management plan

• Compile and submit compliance reports

• Coordinate, communicate and liaise with industry regulators

• Send relevant compliance communications and updates to key stakeholders and clients

• Assist, guide and advise management on the application of relevant regulatory requirements

Compliance Management

• Files / submits statutory returns to the FSCA and FIC

• Co-ordinates annual professional indemnity insurance renewals

• Co-ordinates and conducts quarterly compliance reviews with clients and timeously follows up on outstanding matters

• Develop and implement compliance programs, policies, and procedures

• Facilitate and monitor the company’s client’s compliance to all relevant laws and regulations

• Provide training and education to employees and clients on compliance-related matters, including new regulations and internal policies

• Keeps up to date with changes in laws and regulations and facilitate compliance thereto

• Address compliance issues, including non-compliance, investigations, and reporting

Rick Assessment & Management

• Identify, assess, and manage compliance risks by understanding potential issues and developing strategies for mitigation.

Monitoring & Auditing

• Monitor compliance with regulations and internal policies through quarterly compliance meetings, investigations, and reporting.

Minimum Requirements:

• Bachelor''''s degree in law, finance, business administration, or a related discipline.

• Minimum experience of 5 years as a registered CO with FSCA licenced for Cat I and Cat II

• working in the Investments Class of Business.

• Minimum 5 years’ experience in compliance management

• Solid understanding of finance and investment funds is essential.

• Familiarity with VC/PE terminology.

• Strong interest and understanding of market trends, particularly within the financial sector.

 

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