SMI 19721 - Compliance Officer – Financial Services Provider (FSP) | East Rand

Our client is seeking an experienced Compliance Officer to join its Compliance Department. The successful candidate will play a key role in maintaining and enhancing the organization’s regulatory compliance framework, promoting sound corporate governance and embedding a strong compliance and ethical culture throughout the business.

This role will suit a meticulous and proactive compliance professional with a sound understanding of the regulatory environment governing Financial Services Providers (FSPs) and the ability to translate legislation and regulatory requirements into effective business controls and practical processes.

You will be responsible for:

• Establishing, implementing, maintaining and continuously enhancing the organization’s regulatory compliance management framework in line with applicable legislation, regulatory requirements, license conditions and internal governance standards.
• Developing and executing risk-based Compliance Risk Management Plans and annual compliance monitoring programmes.
• Conducting compliance reviews, file sampling, thematic reviews and control testing, maintaining appropriate supporting evidence and reporting on findings.
• Monitoring the organization’s adherence to applicable legislation, regulatory obligations, FSP license conditions and internal policies and procedures.
• Identifying compliance risks, control weaknesses and potential areas of regulatory exposure, recommending corrective actions and tracking remediation through to completion.
• Drafting, reviewing and updating compliance policies, operational procedures, governance documents and delegations of authority.
• Providing compliance input into the implementation and ongoing maintenance of the Group Governance Framework.
• Monitoring adherence to governance requirements and escalating identified weaknesses or instances of non-compliance.
• Providing practical regulatory guidance and support to management and operational teams, translating legislative requirements into workable controls and business processes.
• Developing and facilitating compliance training, awareness initiatives and regulatory updates to promote a strong compliance and ethical culture.
• Monitoring business practices, management information and customer complaints to identify trends, root causes, potential customer harm and areas requiring corrective intervention.
• Overseeing relevant complaints frameworks, risk registers and legal risk management processes, including root-cause analysis and risk mitigation.
• Monitoring FAIS compliance, including representative registers, competency and fit-and-proper requirements, as applicable.
• Supporting anti-money laundering and related regulatory controls, including FICA and FATCA requirements.
• Monitoring regulatory developments, assessing their impact on the business and coordinating the implementation of necessary changes.
• Preparing accurate and timely compliance reports for management and relevant governance structures and coordinating regulatory reporting and audit trails.
• Providing oversight and support to regional compliance functions and external compliance service providers, where applicable.
• Reviewing and validating relevant investor documentation and files, supporting operational teams with compliance-related queries and requirements.
• Participating in compliance committees and promoting continuous improvement in regulatory controls, operational processes and governance practices.