Key Individual (Part-time Consultancy position) at Lulalend

• This position is responsible for providing guidance and direction to the board and the employees of LulaLend in relation to the operations of the banking platform.
• The Key Individual plays a critical role in the business in relation to its FSP license. This position requires strong leadership, strategic thinking, and compliances skills and knowledge, as well as a deep understanding of the financial services legislation. The right candidate will be able to guide the board, the management and employees of LulaLend to ensure compliance with FAIS

Key Responsibilities

• Ensuring that LulaLend adheres to all the conditions of its FSP license to be obtained;
• Ensuring that LulaLend’s policies and procedures ensure FAIS compliance and that they are implemented in the area of which Lula Lend and the Key Individual is responsible for;
• Ensuring that all Representatives reporting to the KI maintain their fit and proper status and adhere to the General Code of Conduct;
• Ensuring that all regulatory reporting is submitted to the FSCA, on time and with the correct information.
• Act with due care, skill and diligence in the execution of all duties
• Act within the standards and rules set by legislation
• Fulfill contractual obligations as agreed to
• Management and Oversight of statutory obligations of the FSP
• Rendering of financial services of the FSP and persons authorised to act on its behalf;
• Business processes and operational ability.
• Instill a culture of treating customers fairly in all aspects of the business;
• Working closely with our Legal team in carrying out his / her duties.

Experience & Skills:

• Minimum of 1 year experience in a management role within the banking industry, specifically in relation to long and short term deposits.
• Experience in the banking industry, with a strong understanding of FAIS and FICA and other banking and financial services legislation;
• Understanding of the role of a Key Individual and how to be most effective;
• RE1 Exam completed;
• Class of business exam completed.