Outsourced Compliance Officer

Are you a FSCA-approved Compliance Officer with Category I & II approval?

Do you hold RE1, RE3, and RE5 certifications?

Are you comfortable with a hybrid role that requires one on-site day per week and regular client visits?

We are recruiting for an experienced Outsourced Compliance Officer for a specialist South African compliance and risk management consultancy that focuses exclusively on the financial services sector. The role is suited to a highly experienced professional who will form part of their management team.

Reporting to 2 Directors, this position is within the External Compliance Practice business unit.

The main objective of the role will be to effectively deliver a quality compliance and risk management service to the company’s FSP clients, assist, and advise the team with any technical queries, as well as adhere to the compliance requirements as dictated by the FSCA, FICA, and others.

ESSENTIAL: Registered FSCA approved Compliance Officer with the FSCA

ESSENTIAL: Approval by the FSCA for Category I & II

ESSENTIAL: Legal or Business Degree

ESSENTIAL: RE1, RE3, and RE5 certified

ESSENTIAL: 10 yrs + proven experience in compliance and risk management within the financial services industry

ESSENTIAL: Experience managing a team

• Outsourced compliance function delivered to financial services clients
• Fulfil compliance function required in terms of FAIS, FICA, and other applicable legislation and business requirements
• Establish a culture of compliance and provide a compliance risk framework to clients
• Services to be delivered to Independent FSPs & ODP’s
• Perform all functions to the standard and deadlines of Regulatory Reporting
• Provide clients with high quality, personalized and substantive reports
• Include clients in compliance processes and provide post monitoring feedback
• Maintain records as required by the business in shared folders
• Establishing, implementing, and maintaining a regulatory compliance management framework and function within the business in accordance with the overall risk management framework and group and license holder requirements.
• Creation of compliance risk management plans and the monitoring of compliance in terms thereof.
• Assisting the team of Compliance Officers with reviewing their work, assisting with queries and advisory opinions.
• Assisting business in creating processes to mitigate the identified compliance risks within the business.
• Drafting and implementation of compliance policies.
• Training of employees on compliance policies and legislation, including the drafting of training material and updating policy templates.
• Addressing compliance-related queries from FSP’s and advising correctly
• Reporting to management
• Advising FSP’s on regulatory changes which may impact compliance management within the business.
• Establishing and maintaining relationships with regulators and other internal and external stakeholders.
• Complaint investigation and management.
• Administrative duties

• Good working knowledge of compliance legislation viz. FICA, FAIS and all other subordinate legislation etc.
• Understanding and knowledge of risk management principles
• Exceptional verbal and written communication skills
• Work under pressure, independently
• Be able to work with a team
• Proficient presentation skills
• Must have own transport to travel to clients
• Knowledge and understanding of the Financial Services Industry (required)
• Knowledge of other legislation applicable to the business, e.g. Collective Investment Schemes Control Act, Companies Act, FMA, FAIS etc.