Compliance Officer - Krugersdorp
Ultra Personnel : Pharmaceutical, Insurance, Engineering
Reference: JHB000903-VM-1Leading organisation within the "financial services and wealth management" industry requires an experienced Compliance Officer. This position is based in Sandton. Matric is essentialRelevant degree : candidates without a relevant degree with extensive compliance experience may be considered.Experience in Compliance within the Financial Services Industry is essentialExperience in Financial Planning would be an advantage (Certified Financial Planner would be a benefit) but not a pre-requisiteComputer skills and must be proficient in MS Office.Excellent verbal and written communications skillsProactive and able to take ownership and accountabilityAttention to detailAbility to learn and adapt quicklyAnalytical skills and the ability to work in a methodical and organised mannerAbility to work independently and under pressureDeadline drivenResourceful and takes initiativeProblem solving skillsWillingness to perform a wide variety of tasks and to continuously learn and improveIn-depth knowledge of the requirements, implementation and application of FAIS, Risk Based Approach towards Customer Due Diligence, and PoPIA rules and regulationsKnowledge and understanding of financial servicesAdvice Review:Internal Review: in conjunction with the external compliance officers audit Partner Directed Advice cases and large deals against the advice questionnaires to ensure that all cases are compliant before commission is released to PartnersExternal Review: Manage external compliance officers and analyse compliance reports received from themGive guidance (written and verbal) to Partners, Partner Operations Managers and Business Development Managers on how best to meet quality advice requirements to improve their compliance scoresCreating, implementing and maintaining processes to meet regulatory requirements and mitigate the identified advice risks within the businessEstablishing and maintaining relationships with internal and external stakeholders. Legislative & Regulatory SupportMaintain a compliance framework in collaboration with stakeholders (both internal and external)Analysis of legislation and application thereof and advising business on regulatory changes which may impact compliance management within the business.Assist in maintaining the competency register Reporting:Analyse all advice audit scores (internal and external) and reports received to determine where the risk in advice dispensed in the business is and report to the Key Individual Team on the outcomes and how this risk is managedIdentify potential compliance breaches and investigate compliance irregularities or areas of concernAddressing regulatory compliance requirements related queries from within the businessManage Advice Risk:Implementation and monitoring of a Partner Compliance Dashboard to highlight elements of key risks identifiedParticipation in the Advice Risk Committee in formulating compliance procedures and focus areas to cover areas and / or themes of risk Monthly / quarterly reporting to the Key Individuals and relevant stakeholdersManage Partner Monitoring team tasks (advice monitoring and Compliance Officer tasks) to ensure that risks identified are remediated by the Financial Planning Partner. Engaging with the respective Partner Operations Managers and / or Business Development Manager should the need arise Approved Advice Specialist:Proactively research and gain in-deptht knowledge of the approved advice tool and solutions to engage and guide Partners, Partner Operations Managers and Business Development Managers to drive higher approved advice adoption rates amongst PartnersFulfil the central role in ensuring that the planning tools used by the Advisors meet all compliance and legislative requirements. – establishing and maintaining relationships with relevant stakeholders in the business to ensure that planning tools are both effective and compliant AdministrationMaintain the compliance and procedure manuals and all artefacts published on the internal intranet for Advisor officesAdministrative duties related to all of the above. Monthly plus Basic salary and performance bonus
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