Junior Internal Compliance Officer at Fidelity Services Group

Job Description

• A position for Junior Internal Compliance Officer exists at the Umsuka WeMali Finance, reporting to the Group Financial Director. The Compliance Officer will play a key role in assisting with the development, implementation, and execution of the risk and Compliance management and compliance strategy. Through effective collaboration with the Umsuka Wemali team.
• The overall purpose of this position is to ensure compliance with the relevant legislation. The incumbent must have experience in the credit lending section of the financial services industry.

Qualifications, experience and other competencies required:

• Degree
• Matric
• Compliance Management certification
• Member of the Compliance institute of South Africa or any other regulatory bodies

Education & Experience – Degree preferably in law

• 3 to 6 years’ experience within the compliance industry.
• In depth understanding of compliance framework
• Regulatory Expertise – In-depth grasp of South African legislation and Swaziland legislation – FSRA, NCR, FAIS , FICA and hands-on KYC/AML onboarding, periodic reviews, and escalations as well as Ombud assistance
• Training & Reporting – Proven ability to craft compliance training and produce high-quality regulatory reports (e.g., to the FIC, NCR and FSCA) -strong risk-management track record.
• Technical Skillset – Skilled in designing Compliance controls and internal rules to align with business operations.
• Personal Attributes – Integrity, discretion, ownership mindset, and clear communication with relevant stakeholders.
• Excellent admin and interpersonal skills.
• Excellent computer literacy
• You must have own transportation.

Key areas of responsibility: (Not totally inclusive)

• Risk identification and management; The ability to navigate and apply regulation in a practical way.
• Carrying out compliance monitoring/review activities, and administrative tasks.
• Determining statutory and management requirements applicable to all clients.
• Implementing policies and procedures to assist, facilitate and enable compliance.
• Establish and maintain relationships with business areas, line management of the business area.
• Give ad hoc advice in respect of regulatory and operational risks; Strong technical understanding of regulation and compliance and limitations.
• Escalate material non-compliance to appropriate forum.
• Interact and liaise with the FSCA as need be.
• Interact and liaise with the NCR as need be.
• Process & Policy Governance – Document compliance procedures and audit ongoing adherence to internal policies and external requirements.

  Core Competencies:

• Strong communication skills and experience engaging others.
• Self-motivation and able to adjust to new situations and environments.
• Excellent stakeholder management and influencing skills.
• Ensuring effective compliance practices are operating and adhered to throughout the company.
• Understanding and dealing with new and/or changes in regulatory requirements in order to mitigate compliance and regulatory risk.
• Adding to the success of the Compliance team by engaging with and supporting other members of the team.
• A willingness to take on new career challenges, demonstrated by taking on complex or differentiated work assignments.
• Ability to think strategically and have vision while also focusing on the details and execution.
• Pragmatic, risk-balanced advice; comfortable working with ambiguity.