Senior Associate, Risk & Compliance - CPT at Stonehage Fleming

Description    

• Stonehage Fleming is one of the world’s leading independently owned family offices and the largest in Europe, Middle East and Africa (EMEA), as measured by its breadth of services, geographic reach and by assets under management, advice and administration.

WORKING RELATIONSHIPS

• This key role has a functional reporting line to the Head of Risk & Compliance 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 assist the Risk & Compliance team in maintaining and executing the compliance monitoring programme, on a risk weighted basis. 
•  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 Heads of Risk and Compliance, South Africa , in any risk and compliance matters as deemed necessary.

 
Key Responsibilities    
PRINCIPAL ELEMENTS & ACCOUNTABILITIES

• Work with the Risk and Compliance department in South Africa to:
•  Ensure the effective implementation of the compliance monitoring programme in conjunction with Group monitoring teams.
•  Ensure the compliance monitoring programme covers applicable internal and external requirements, and remains current in line with business risks and/or regulatory changes.
•  Ensure the compliance monitoring programme testing is conducted in a timely manner and on a risk based approach.
•  Identify and incorporate changes to the monitoring programme and feed into Combined Risk Assessment development as appropriate upon identification of new and changed risks.
•  Manage and proactively work with stakeholders on any findings identified, providing sound advice as to the nature and appropriateness of any remediation actions in conjunction with related risks.
•  Ensure escalation of any higher risk findings to the Head of Risk & Compliance, as they arise.
•  Ensure that any remediation or follow up actions are monitored and closed in a timely manner.
•  Work with internal audit regarding oversight of compliance monitoring activities.
•  Monitor the efficiency and consistency of compliance controls and assist with the enhancement of procedures and controls.
•  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 3 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.

 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.