Compliance Analyst at Morningstar

The Role:  is based out of Morningstar’s Cape Town office and reports to the Compliance Officer, who is based in Johannesburg. This role is suitable for entry level candidates looking to forge a career in financial services compliance.  The role will enable the successful candidate to gain generalist knowledge and experience in the compliance oversight of a well-established discretionary fund manager. 

Key Responsibilities: Assisting South African based Compliance Officer by performing certain activities pertaining to the firm and regional, compliance framework. Those activities include but are not limited to:

• Supporting the central Compliance controls team to enable monitoring and testing, policy management, and conflicts of interest;
• Review marketing materials, client presentations and websites to enable compliance with regulatory requirements;
• Assist in the creation and maintenance of files/records required to be compliant with regulatory requirements;
• Assist the Compliance Officer with privacy and data protection tasks including the review of the internal policies and procedures, testing the effectiveness of the controls in place, etc.;
• Maintain and update the compliance calendar of all regulatory filings and reporting;
• Assist in gathering internal information in response to regulatory requests, as directed by the Compliance Officer;
• Perform various general administrative duties such as file creation and maintenance on related compliance projects and initiatives;
• Maintain associated Compliance registers;
• Manage the Supervisory process, including drafting supervision agreements, assisting with supervision reports, etc.
• Assist in the creation and maintenance of client agreements;
• Support the client onboarding processes;
• Conduct due diligence reviews;
• Carry out horizon scanning for regulatory developments applicable to firm activities;
• Carry out monthly investment management mandate reviews; and
• Support the Compliance Officer with any other tasks, initiatives, or projects, as directed.    

Requirements:

• Open to graduates with no industry experience. However, industry experience would be desirable.
• Fundamental knowledge of the South African regulatory environment and requirements. Beneficial if the Candidate has experience in both the Financial Intelligence Centre Act and the Financial Advisory Services Act.
• Ability to work independently and as part of a local and regional team.
• Be detail-oriented, motivated and an independent thinker with strong problem solving ability.
• Motivated to complete administrative tasks.
• Confident to engage appropriately with employees at all levels across the organisation. 
• Able to work under pressure, multi-task and deliver required output on time.
• Strong verbal and written communication skills, with the ability to communicate information clearly and concisely.
• High level of proficiency in Microsoft Office applications, particularly Excel. 
• Knowledge of third-party verification provider systems would be desirable.