Compliance Officer

Purpose

The Compliance Officer will be responsible for ensuring that Salt EB adheres to all legal and regulatory requirements related to being a financial services and retirement fund administration provider. This includes monitoring compliance with South African financial sector and retirement fund legislation, providing guidance to internal teams, and implementing compliance frameworks to mitigate risks.

Key Responsibilities

• Develop, implement, and maintain compliance policies and procedures in line with the Pension Funds Act, Financial Sector Regulation Act, Financial Advisory and Intermediary Services (FAIS) Act, and other applicable legislation.
• Monitor legislative and regulatory developments affecting the financial services and retirement fund industries and advise stakeholders on compliance obligations.
• Conduct regular compliance audits and risk assessments to ensure adherence to legal and regulatory standards.
• Develop and implement compliance training programs for employees to promote awareness of regulatory requirements.
• Ensure that Salt EB maintains proper records and documentation in compliance with regulatory requirements.
• Act as a liaison between Salt EB and its outsourced compliance consultant (Moonstone), regarding compliance matters.
• Act as a liaison between Salt EB and regulatory bodies, such as the Financial Sector Conduct Authority (FSCA), regarding compliance matters.
• Assist in preparing reports for the Board, senior management, and regulators on compliance-related matters.

Investigate compliance breaches and work with relevant departments to implement corrective actions.

Qualifications & Skills