Head of Compliance

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