Risk & Compliance Administrator at Stonehage Fleming

WORKING RELATIONSHIPS

This key role has a functional reporting line to the two Senior Compliance Officers in South Africa. The role also includes regular interaction with other key stakeholders based primarily within the South African Offices, when dealing with a variety of compliance duties and risk management responsibilities.

OVERALL PURPOSE

• To provide support to the Risk & Compliance department and assist employees in complying with applicable regulatory and internal requirements by identifying, assessing, managing, monitoring and reporting on compliance risks facing the organization.
• To assist the Risk and Compliance department in South Africa with any risk and compliance matters as deemed necessary.

PRINCIPAL ELEMENTS AND ACCOUNTABILITIES

• Work with the Senior Compliance Officers and the rest of the Risk and Compliance department in South Africa to:
• Assist in ensuring adherence to the Compliance Manual, FICA RMCP, Group policies and all associated procedures.
• Conduct file and transaction monitoring for clients to ensure compliance with FAIS and FICA.
• Assist with Anti-Money Laundering client reviews.
• Review Sanctions/PEP/adverse media screening matches and escalate as required.
• Assist in implementing and maintaining FAIS registers.
• Monitor KIs’ and Reps’ adherence to the Fit & Proper requirements.
• Assist with FSP, Rep and KI changes.
• Maintain supervision register and ensure supervision is being tracked appropriately.
• Assist with customer complaints.
• Review financial promotions/advertisements.
• Assist with the preparation of training material in compliance with regulations & internal procedures.
• Provide advice to the business on Risk and Compliance-related administrative queries.
• Monitor the efficiency and consistency of compliance controls and assist with the enhancement of procedures
• and controls.
• Track non-compliant findings with respective business unit managers and work with the business to remediate
• and prevent incidents of non-compliance.
• Assist with the preparation of compliance reports to management, various committees and governance
• structures within the Group.
• Assist with the preparation of reports and regulatory submissions to regulatory authorities.
• Perform any ad hoc duties that may be required from time to time to assist the Risk and Compliance
• department in meeting its regulatory obligations.

QUALIFICATIONS

• Required: Degree level qualification, or equivalent, ideally in Business, Finance, Law or Compliance and Risk
• Management or relevant qualification as per the FSCA’s approved qualifications list.
• Regulatory Examinations (RE1, RE3, RE5) an advantage.
• Preferable: Compliance qualification and/or Anti-Money Laundering/Financial Crime qualification.
• Advantageous: FAIS approved Compliance Officer for Category I and Category II Financial Services Providers.

EXPERIENCE

• Required: At least 2 years compliance/risk/legal work experience in the Financial Services sector.
• Preferred: investment related (Category II FSP) and fiduciary/trust experience (Category I FSP).
• Good working knowledge of FAIS, CISCA, FICA, POPIA and a solid knowledge of the South African Regulatory
• Environment in the Financial Services sector.
• International compliance experience beneficial.

COMPETENCIES AND SKILLS

• Solution orientated, dedicated and someone who takes ownership of tasks and responsibilities.
• Flexible and able to multi-task, setting appropriate priorities and adhering to deadlines.
• Self-motivated and able to use initiative with a strong hands-on approach.
• Action orientated: takes prompt action and sees tasks through to completion.
• Experience managing FAIS/FICA related queries and engaging with the business.
• Ability to build supportive relationships with the various Risk & Compliance teams across the Group.
• Computer literacy (Word, Excel, Outlook) with an ability to quickly learn/understand other in-house systems.