Our client in the financial Services industry, based in Constantia, Cape Town, has a vacancy available for a “Compliance Officer”.

Responsibilities:

• Compiling of compliance and statistical reports to the business, clients and regulators
• Ensure compliance implementation and maintenance of the compliance risk management and monitoring plan, including AML compliance monitoring
• Monitoring of the primary legislation impacting the business
• Analyse, interpret and implement new legislation
• Review of all marketing material in accordance with Board Notice 92
• Address compliance queries from the business
• Managing compliance projects from start to finish
• Ensure the application of the TCF outcomes
• Maintain FAIS compliance procedures and manuals
• Maintaining the key individual / representative register
• Monitoring and reporting on all FAIS matters to the business and the regulator
• Advising on regulatory changes

Minimum requirements:

• Financial services experience, preferable within the CIS environment
• Relevant qualification (i.e. law or relevant financial degree)
• FSCA registered compliance officer (with RE1 exam)
• Excellent Microsoft Office knowledge
• Regulatory, policy, product & industry knowledge (i.e. FICA, CISCA, FAIS, ASISA codes and standards)

Email; [email protected]

Required Qualifications and Experience:

• Minimum NQF Level 5
• Minimum 3 years’ FSP management experience.
• Must be able to act as KI for a Cat 1 FSP.
• RE1, RE5 and Exams required.
• Class of Business (if not exempt)
• CPD required

 Responsibilities

Management and oversight of Financial Service:

• Ensure the general code of conduct application
• Ensure fit and proper requirements (advisors)
• Training, knowledge and skill of the representatives
• Monitoring the activities
• Oversight of advice
• Signing and overseeing the contract process (new advisors and product providers)
• Signing of new agreements with product providers
• Handling of all complaints (FSCA/Ombud/OSTI)

Management and oversight of FAIS compliance:

• Create, implement and maintain an effective new business compliance programme with detailed processes guiding the sales force;
• Oversee the efficiency and quality of compliance programmes & implement enhancements where and when required to ensure successful compliance management;
• Develop thorough internal client risk controls and continuously monitor adherence to compliance requirements;
• Engage with stakeholders & compliance officers to develop risk management plans;
• Maintain compliance registers and relay any FAIS incumbent changes or staff changes to the compliance officer to maintain updated records;
• Maintain records of all relevant documents as required by FAIS legislation.

General Duties

• Acquire and integrate industry knowledge related to general trends, emerging technologies and competitors;
• Lead and manage the entire business;
• Actively identify and develop new business opportunities;
• Manage internal and external stakeholders to ensure and take accountability that required new business targets are achieved;
• Create and drive revenue growth to meet and exceed all targets;
• Develop long-term relationships with all stakeholders, brokers, employers and product providers through establishing business-orientated relationships;
• Actively explore opportunities;
• Act as liaison between client/advisors and insurance providers .
• Conduct quarterly capacity planning;
• Attract and retain appropriate advisors;
• Identify development needs in direct reports;
• Ensure fairness and consistency in people management.
• Ensure targets are achieved across all products categories;
• Canvassing of brokers and potential customers in order to promote organisational portfolio;
• Formulate strategic plan for new business sales and identify, develop and convert cross-selling opportunities;
• Oversee clients’ needs analysis and make oversee appropriate recommendations based on clients’ profiles;
• Create brand awareness in order to positions brokerage as key market player;
• Recruit and train accredited, successful advisors;
• Identify key stakeholders within groups and manage relationships thus ensuring new and repeat business;  
• Provide advice and assistance to team/advisors;
• Manage the productivity of the advisors

You’ve been instrumental in setting up a compliance framework within financial services and found your groove in this space.

Is this you?

You have comprehensive knowledge of financial services regulations and a knack for practical governance solutions. You thrive in fast-paced environments and have a strong background in compliance and risk management.

What you’ll be doing (and why you’ll enjoy it)

In this role, you’ll play a pivotal role in maintaining a strong control framework within the first line of defense. You’ll provide guidance on policy, procedures, and processes, ensuring adherence to regulatory requirements. You’ll review cases, manage breaches and incidents, and produce timely management information reports. Your ability to navigate complex regulatory landscapes and deliver practical solutions will be essential in this dynamic role. You will focus on KYC, CDD and AML regulations.

Where you’ll be doing it

You’ll be joining a leading wealth management firm based in Cape Town CBD. Our client specializes in wealth management and advisory services for high-net-worth individuals and families. With a global presence and a reputation for excellence, they provide tailored solutions to meet their clients’ diverse needs. Our client fosters a collaborative culture that values integrity, professionalism, and client-centricity.

What you’ll need

To succeed in this role you’ll need a completed degree as well as solid investment compliance experience of at least 5 years in the financial services industry, preferably within the fiduciary or investment management sectors. A deep understanding of relevant legislation and regulations (AML, KYC and CDD) is also required. Only candidates currently residing in Cape Town can be considered.

What you’ll get

In addition to a competitive salary package, including benefits, our client offers a supportive work environment where your contributions are valued and recognized. You’ll have the chance to grow and thrive in a challenging yet rewarding role. They also give you the option to work from home one to two days per week.

How to apply

Email: [email protected]