Head of Compliance, South Africa at IG

Job Purpose:

To manage the responsibility and oversight of all regulatory and licensing obligations as well as the internal compliance framework and plan for IGMSA.

Where you’ll work:

As part of our hybrid working environment, you’ll split your time between home and the office. In this way, you’ll be able to enjoy a better work-life balance and always bring your best self to your role.

At the office, you’ll have access to everything you’d expect from a world-class employer, such as a modern working environment, agile spaces, private quiet rooms, and breakout areas. Plus, all our offices are located in iconic city centres, close to everything you might need for a rewarding working experience.

How you’ll grow:

Your personal and professional development are important to us. As a company that’s constantly redefining the boundaries of possibility, we’ll challenge you to push yourself, accelerate your ambitions and rise to new levels of excellence. We know that’s a big ask, so we’ll make sure that you’re supported all the way, getting the backing you need and the recognition you deserve. If you connect with our vision and can get behind it, you’ll be rewarded with countless opportunities to experience new things and enhance your abilities.

What You’ll Get

As well as having the chance to attend regular social interest groups, you’ll receive an attractive selection of benefits working at IG:

• Competitive salary
• Private medical cover for you and your family
• Life insurance
• Contribution to gym memberships
• Unlimited access to LinkedIn Learning Platform
• Comprehensive global and local onboarding process – to the company and to your role
• Employee-led LGBTQ+, Women’s, Black and Parents & Careers networks with annual budget for organizing events & projects that foster an open, diverse and inclusive culture
• Option to participate and create ESG initiatives based on IG Brighter Future Fund
• 2 additional days off a year for voluntary work
• 1 additional day off to celebrate your Birthday

Who you are:

You’re upbeat and enthusiastic, and you have an open mind and a curious, can-do attitude. You, like us, understand the importance of collaboration and are driven to be the best in what you do. You embody our three core values – to champion the client, learn fast together and raise the bar. You want to be part of a proudly carbon-neutral company that will prioritise your wellbeing and that of the world around you, helping to create a brighter future for all. A company that embraces diversity and welcomes everyone with respect, regardless of race, age, sexual orientation, gender, identification, faith or culture. If you’re inspired by our way of working and can bring something new to our team of top-notch people, then you’ll find a home here.

Job Responsibilities:

• Develop programs to ensure adherence to license permissions, relevant legislation, and regulations. Keep up to date on regulatory matters and inform key stakeholders.
• Manage and undertake review and analysis of consultation papers and subsequent responses, including the need to involve key stakeholders as necessary.
• Ensure compliance with all regulatory and statutory returns and reports.
• Ensure compliance with suspicious transactions reporting obligations.
• Oversight and on-going modification of the AML/CTF policy and procedures and KYC to comply with the AML/CTF regulations.
• Manage internal AML/CTF and other compliance training.
• Review and monitor compliance of outsourcing agreements, specifically those with FSCA oversight. Develop and provide oversight for the compliance assurance program.
• Oversee the dispute resolution procedures and any internal reporting.
• Develop and implement policies and procedures and review as necessary.
• Analyse, interpret and produce information on new or changed legislation and regulations.
• Manage and establish a professional and effective working relationship with the FSCA and other relevant regulators.
• Actively participate in external audits.
• Prepare for and lead compliance engagement in regulatory inspections.
• Be a proactive and involved member of the management team.
• Build and manage stakeholder support, including the local Board of Directors.
• Build and maintain a positive compliance culture.
• Provide leadership, development, and guidance for compliance team members.
• Be available, if required, to travel for training or other business purposes.

Person Specification:

A mature and experienced professional with a broad business knowledge and strong commercial acumen gained in a capital markets environment and with extensive compliance experience at a management level.

Essential:

• Experienced compliance professional with knowledge gained in capital markets.
• A well-developed knowledge of the FSCA, subsidiary legislation and regulatory instruments.
• Strong understanding of the AML/CTF regulations and experience in implementation of these into a business environment.
• Strong understanding of key internal risks.
• Strong policy writing skills.
• Able to deliver comprehensive and well researched analysis, reports, and recommendations.
• Able to manage effective business relationships at a multi-tier and cross-functional level.
• Proactive and self-driven with good negotiating, communication and interpersonal and the ability to influence others.
• Able to work independently and make sound, well thought out business decisions.
• Maturity and confidence to interact with NFA staff and senior management group stakeholders.
• Staff management and leadership experience.

Desirable:

• Minimum 8 years compliance experience.
• Preference for retail knowledge and understanding.
• Experience working with retail OTC derivatives or some knowledge of the pricing and determination of derivative financial instruments

Interpersonal Skills

Self-starting and uses initiative; able to work with a regional and global team; is able to identify problems and pursue a positive outcome; very organised individual who has the ability to remain calm and measured; a mature, balanced and considered approach; articulate with strong written and verbal communication skills; able to maintain a high level of performance under pressure; able to work to deadlines and multi-task; inquisitive with strong attention to detail; able to build and maintain effective relationships; willing and able to learn quickly in areas that are unfamiliar; able to effectively influence others; is able to identify innovative solutions that balance business needs with compliance obligations; is able to present a balanced view of priorities in aspiring to deliver the best result for the company.

Desirable:

Able to effectively manage additional or more senior levels of responsibility when required.