Junior Compliance Officer

SUMMARY:
A progressive Investment Services that combines market-leading proprietary technology with human expertise and experience within the Wealth Management space is looking for an detailed orientated and enthusiastic Junior Compliance Officer.

POSITION INFO:

Key Performance Areas (KPAs)

1) Compliance Monitoring and reporting

• 40%: Daily monitoring of Hedge Funds (BN52 and IMA) & Share portfolios (Mandate limits), update of breach registers and reporting-

• Monitor all Hedge Funds in respect of BN 52 limits and Investment Management Agreement limits
• Ensure breaches are communicated to the Portfolio Managers and recorded in the breach register.
• Confirm BN 52 breaches to the Trustees with the Manager’s feedback
• Liaise with the Hedge Fund Risk manager on all breaches occurred for the quarter.

• 10%: Provide monitoring and reporting in each of the fields applicable to the CIS Manco in respect of CISC Act, Board notices, circulars and Guidance notes
• Review the Monthly CAR in respect of BN 91 of 2014
• Monitoring of the Hedge Fund transaction registers
• Other CISCA monitoring required

2) 20%: Advisory support, monitoring and reporting – FICA related

• Monitor FICA requirements for H4 as an Accountable Institution
• Provide reporting in respect of FICA to the H4 Business Unit Leader and ensure the reports are communicated timeously
• Work with H4 to ensure all non-compliances are communicated with the relevant parties and agree on findings, ratings and remedial action required
• Monitor Targeted Financial Sanctions against clients on the system
• Liaise with H4 Team Leader on FICA stats for the month.
• ECDD’s are prepared for approval by senior management as part of the Compliance team allocation

• Finalize FICA Management Information for the Quarterly Compliance H4 Board report
• Provide advisory support on queries, in liaison with the Senior Compliance Officer and Head,
• FICA Compliance Office

 3) 5% Weight – Lodging to the FSCA

• Mark-to Market report and lodge to the FSCA monthly.
• Quarterly FSCA reports in respect of the Hedge Funds
• Quarterly FSCA reports in respect of Long Only Funds

4) 10% Weight – Bloomberg responsibilities

• Assist with procedures and implementation of rules on BBG
• Ensure benchmarks are rebalanced quarterly
• Ensure portfolios in Bloomberg are in line with portfolios in FundOps
• From time to time, stand in for the Senior Compliance Officer to monitor the long only Funds

5) 10% Weight – OTHER

• Assist with ad-hoc queries.
• Assist with implementation and review of the Risk Management Plan.
• Assist with putting in place a monitoring plan for the year, quarter and monthly.
• Ensure relevant legislation and reports are saved accordingly.
• Assist manager to deal with complex compliance issues
• Keep up to date with industry trends and best practice in the market.
• Reporting on all monitoring activities to management and Board on a regular basis
• Provide assistance to staff and management from a compliance perspective.
• Assist management to promote and maintain a compliance culture.
• Recommend that additional controls must be implemented to ensure compliance with legislation and industry standards, where required.

6) 5% Build good relationships with important stakeholders

Qualifications & Skills Required

Essential:

• Minimum 3-year commercial or legal degree.
• Minimum 3 years’ experience in Compliance within the financial services industry.
• At least 3 years’ experience in a Collective Investments’ schemes / investments environment
• Investments mandate monitoring experience
• Good working understanding of the FICA, ML/TF Control regulations and FIC guidance notes
• Compliance monitoring experience.

Preferred:

• Wealth and Investment management industry experience.
• Member of the Compliance Institute of South Africa (CISA).

Personal attributes:

• Process driven and analytical;
• High level of attention to detail;
• High degree of agility;
• Good planning and organizational skills.
• Ability to engage with stakeholders at various levels.
• Ability to query, challenge and maintain a high degree of professional skepticism.
• Insight to make relevant conclusions.
• Excellent communication skills, both oral and written.
• Ability to perform in a demanding team.
• Resilience
• Team player

Computer Competency requirements

• Microsoft packages

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