Head of Compliance

Cape Town, Western Cape
Permanent
Full-time

10 days ago

The Head of Compliance responsible for monitoring and managing the daily
compliance works for all business activities, ensure to comply with the internal
policies and external regulations
The incumbent, working with our external compliance consultant to ensure
regulatory FAIS and ODP requirements are effectively implemented within
business. This role is to ensure effective monitoring of processes and related
controls in accordance with compliance methodology and minimum standards.Accountabilities

Overseeing compliance functions, ensure sufficient resources and

training are in place to successfully discharge the objectives of the
functions

Monitoring and identifying regulatory developments, including

enforcement actions, new laws, regulations, rules and interpretations or
guidance relating to the business of the firm

Identifying potential compliance risk and actively advise management to

implement proper compliance program to address any potential
regulatory problems

Leading and executing a risk-based AML compliance program to ensure

ongoing compliance with statutory and regulatory requirements

Implementation and oversight of all aspects of AML systems, including

monitoring effectiveness and enhancing the controls and procedures
where necessary

Serving as the primary point of contact for compliance communications

FAIS

Monthly FAIS Compliance Meeting
Monthly Exco Meeting
Bi-annual Board Meeting
Maintain competence register
Keep supervision forms up to date
CTR and CTA report to FIC
Check bank accounts daily for cash deposits
Quarterly SARB reporting
Review policies: Update and sign off by KI

Fit & Proper declarations
Liquidity calculations bi -annual
BEE certificate – Annual
FSCA Levies payment
Professional Indemnity and Fidelity Insurance
POPIA

ODP

Weekly meeting regarding compliance, risk
Monthly meetings: EXCO, IT, Compliance and Risk Committees
Monthly risk reports and screen shots
Annual review of 3rd party providers
Annual IT audit
Annual supervisory review with FSCA
Capital adequacy – quarterly
Monthly report of unconfirmed transactions
Portfolio compression – bi-annually
Board meeting and prep – bi-annually
Review policies and procedures – Annually

Experience & Skills

Undergraduate degree or above and relevant professional qualifications

in regulatory compliance, banking, risk management, accounting, or
equivalents

10+ years of experience in FAIS compliance, including 5+ years of

experience in a decision-making function

Solid working knowledge of current regulatory issues in South Africa:

Regulatory Legislation and Financial Markets with a focus on Conduct
Standards 1 & 2, FAIS, AML, POPI, FMA, etc.

Candidate with RE5 Qualification is a must

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