Head of Compliance

Primary Role and Responsibilities:

• Conduct and complete the onboarding of retail, investment advisory and fully discretionary managed institutional clients
• This will include the drafting and review of service level agreements, policy documents, portfolio management agreements and completing the KYC/FICA processes by the approved RMCP
• Responsible for reworking, implementing and monitoring the existing RMCP policy and processes
• Review of potential and existing asset manager’s portfolio management agreements
• This will also include updating existing portfolio management agreements with regulatory changes
• Conduct and complete initial and ongoing operational due diligence processes on potential and existing asset managers
• Review, rating and feedback of submissions are required
• Owner of a relationship with FAIS compliance officer
• FAIS compliance officer is outsourced
• Responsible to ensure all fit and proper requirements are met, all required reporting is submitted to the FSCA, changes/updates are submitted to the FSCA, adding and removing of Reps/KIs, updating competency register, etc.
• The external FAIS compliance officer will aid and guide with all aspects relating to FAIS
• Drafting, implementing and monitoring all regulatory, compliance and governance policies
• Will be appointed as the Information Officer and responsible for reworking, implementing and monitoring the existing POPIA policy and processes
• Provide support to other functions of the business including finance and risk
• Provide feedback on how and where existing processes can be streamlined, enhanced or automated

Qualifications:

• Minimum BCom Hons. or relevant degree

Skill and Experience:

• At least 5 years of relevant experience.
• Experience working for the linked-life company, CIS/Manco, fund administrator and/or back or middle office of the asset management firm
• Good understanding and experience with Category II Discretionary FSP
• Good general understanding of the South African financial services sector
• Good general understanding of the Pension Funds Act of 1956, Financial Advisory and Intermediary Services Act 37 of 2002 (“FAIS”) and Collective Investment Schemes Control Act 45 of 2002 (“CISCA”)
• Analytical thinker with the ability to problem-solve
• Well organised and results-driven
• Strong project management skills
• People management skills