R HIGHLY NEGOTIABLE PLUS ANNUAL PERFORMANCE BONUS
Our client is an authorised Financial Services Provider, a licensed Retirement Fund Administrator and Investment Manager. They provide a full range of services and products to retirement investors. They administer retirement funds and facilitate risk (insured) benefits. The company manages investments for retirement funds.
Our client is disrupting the investment industry to get dramatically better value for their clients’ long-term savings and lead more dignified lives in how to invest at retirement. The company is challenging the industry by providing a simple, direct low fee investment solution. They are on a mission to build a customer centric tech enabled company – think Amazon They have an outstanding eight-year track record delivering industry beating returns at lower costs with operational excellence and exceptional client retention. But they have only just started. They need great people to help them achieve their dreams.
They now seek a head of compliance to join their team. You will report to the chief financial officer.
JOB DESCRIPTION WILL INCLUDE BUT NOT BE LIMITED TO:
- You will be responsible for building, leading and maintaining a best-in class compliance function across the company;
- You will be responsible for ensuring that all regulated entities within the company operate in full compliance with applicable South African financial sector legislation, regulatory frameworks, and internal policies;
- You will be required to serve as the primary point of accountability for regulatory relationships and will play a key role in embedding a culture of compliance across the business;
- You will be required to have extensive knowledge of investment-related legislation including Regulation 28 and CISCA (including BN 90 and 92);
- You will be required to lead the company’s compliance function;
- You will be required to lead, build and develop the company’s compliance function, including overseeing the work of the compliance team and setting strategic priorities for the function;
- You will be required to oversee fit and proper compliance for all representatives and key individuals, including RE exam and CPD tracking, supervision of newly appointed representatives, FSCA register maintenance and debarment obligations;
- You will be required to take primary accountability for investment compliance, with specialist expertise in Collective Investment Schemes (CIS) regulation under the Collective Investment Schemes Control Act, 2002 (CISCA) and related FSCA guidance;
- You will be required to oversee pre- and post-trade compliance monitoring, breach identification and resolution in collaboration with portfolio managers, including analysis of mandates, ASISA regulations and Regulation 28 requirements;
- You will be required to lead the development, implementation and ongoing maintenance of compliance frameworks, policies and procedures across all regulated business lines;
- You will be required to direct and oversee risk-based compliance monitoring, control testing and gap assessments across the business, ensuring timely escalation and remediation of findings;
- You will be required to manage all regulatory submissions, reporting obligations and engagements with the FSCA, FIC and other relevant regulatory bodies, including periodic reporting under ASISA, Regulation 28 and CISCA;
- You will be required to provide authoritative legal and regulatory advice to the board, executive committee and business units on the impact of applicable legislation, regulatory changes and new developments;
- You will be required to oversee FICA compliance obligations, including RMCP framework maintenance, client due diligence, STR / CTR reporting and FIC Act compliance programme implementation;
- You will be required to develop an annual compliance workplan;
- You will be required to support due diligence processes by preparing and maintaining accurate, up-to-date compliance-related responses and documentation;
- You will be required to drive a culture of compliance across the company by designing and implementing compliance awareness campaigns, training programmes and upskilling initiatives for staff and business units;
- You will be required to maintain a close working relationship with the head of risk to ensure alignment across the compliance risk interface, including shared visibility of incidents, breaches and regulatory findings;
- You will be required to engage with the internal audit function on audit planning, to ensure compliance-relevant areas receive appropriate coverage;
- You will be required to prepare and present comprehensive compliance reports to the audit and risk committee, the various boards and relevant board sub-committees;
- You will be required to manage and develop direct reports within the compliance function, supporting professional growth and high performance;
- You will be required to perform such other duties as may be required from time to time.
CORE COMPETENCIES REQUIRED, BUT NOT LIMITED TO:
- You are passionate, determined, smart, self-starting and ambitious independent thinker;
- You have strong leadership and people management skills, with experience building and developing compliance teams;
- You have excellent communication (verbal and written) skills in English;
- You have outstanding stakeholder management and report-writing skills, with the ability to present confidently to board level.
CORE QUALIFICATIONS AND EXPERIENCE:
- You have a Bachelor of Laws (LLB) or B.Com LLB with specialisation in finance, risk management or related field;
- You have a postgraduate qualification in compliance, risk management or financial law –
- You have a RE1 – this is essential;
- You have a RE5 – this would be a distinct advantage;
- You are a registered compliance officer with a professional body – this would be a distinct advantage;
- You have a minimum of 10 years current, relevant compliance experience – this is required;
- You have a minimum of 10 years current, relevant compliance experience in an asset management or investment environment, with at least 3 – 5 years in a senior or leadership compliance role;
- You have extensive knowledge of investment-related legislation and compliance, including Regulation 28 CISCA (including BN 90 and 92), and ASISA regulations;
- You have a proven track record of managing regulatory relationships with the FSCA and / or other South African financial sector regulators;
- You have a deep technical knowledge of South African financial sector legislation, including the Financial Markets Act, 2012; Pension Funds Act, 1956; CISCA, 2002; FAIS Act, 2002; Long-term Insurance Act, 1998; Insurance Act, 2017; Income Tax Act, 1962; and the FIC Act, 2001;
- You have experience with investment compliance systems, pre- and post-trade monitoring tools and mandate management.
Great opportunity to showcase your skills and work with an outstanding CFO!