Assistant Manager: Legal and Compliance at ASI Financial Services

INTRODUCTION

• ASI is a leading, proudly South African, independent advisory organization that provides bespoke employee benefits solutions. We operate within a high-octane high-performance environment. The successful candidate must have the ability to build strong relationships with internal and external stakeholders, provide strategic leadership and oversight in the analysis, development, design, and execution of best and relevant practices within the legal and compliance portfolio.

QUALIFICATIONS AND EXPERIENCE

• LLB, and either two years post articles experience of five years’ experience in a corporate environment
• Preference will be given to candidates with exposure to the financial services industry
• Understanding of FAIS, FIC & POPI acts
• Exposure to buyouts or mergers and acquisitions
• Commercial contracting
• Managing and leading a team of people
• Essential strong project management and organisational skills

Critical and agile decision-making ability

KEY RESPONSIBILITIES AND ACCOUNTABILITY

• Management of all litigation matters
• Liaison with external providers
• Manage all legal matters to ensure speedy resolution.
• Drafting of legal documentation and contracts.
• Provide solid counselling to the business on the applicable laws, rules, regulations, policies and guidelines, interpretation of laws and acts.
• Support in the secretarial functions of the Company
• Set and maintain Board annual work programme and governance calendar, in conjunction with the Chairperson of the Board
• Monitor and ensure that the company complies with its statutory obligations under any relevant laws and regulations.
• To provide guidance and advice to the Directors and Management in relation to matters of good corporate governance and the requirement of the Companies’ Act, King reports, Corporate Governance and other corporate law regulations and the entities’ Memorandums of Incorporation (“MOIs”);
• Audit and Risk reporting of regulatory Compliance.
• Proficiency in FAIS, MSA, FICA, POPIA PAJA.
• Assisting the Company to formulate, update and implement control procedures and policies that will ensure adequate risk management to enable business; compilation of training material and training of relevant staff; adequately monitoring instances of non-compliance with the company’s policies and procedures and generally establishing a compliance culture and creating an awareness of compliance through interaction with business.
• Continued pro-active stakeholder engagement and involvement on a business, regulator, and industry level.
• Liaise with applicable regulators such as the SARB, FSCA, CMS and NCR
• Guide business through regulatory change by interpreting regulatory rules, guidance and practice notes issued by the authorities. Identify the impact of change and work with the procedures and process owners to implement change in a manner that minimises the effect on “business as usual” activities.
• Represent compliance at business meetings and ensure that the management and staff understand the effect of regulatory change on their respective business units
• Delivering effective solutions that will enable the business to achieve its growth objectives within the regulatory framework.
• Review all the existing compliance controls for the current businesses to ensure that current controls address all current regulatory requirements.
• Facilitate the submission of any Compliance Officer Reports and other regulatory reports related to allocated regulatory requirements including reviews in support thereof.
• Ensure commercially sound compliance guidance and support in respect of allocated regulatory requirements, endeavouring to find solutions to ensure compliance as well as the continuation of business.
• Support stakeholders by providing well researched compliance opinions and articles.
• Participation and involvement in quarterly monitoring planning meetings by providing guidance IRO allocated regulatory requirements, the relevant sections to be monitored and the frequency of monitoring.

COMPETENCIES REQUIRED

• Industry, organisational and business awareness knowledge, and skill
• Quality assurance knowledge and skill
• Establishing strategic direction
• Driving results
• Developing others
• Judgement and decision making
• Effective communication
• Foster and maintain sound relationships
• Impact and influence
• Must be a conceptual, lateral, and strategic thinker