Supervisory Audit Specialist (JHB Hybrid) at Datafin Recruitment

DUTIES:

Internal Process –

• Identify on-site/review scope areas for the year.
• Roll out the on-site/desktop programme (Planning, conduct meetings, perform the detail work, reporting).
• Build and maintain stakeholder relationships and ensure the profile of the supervisory capability is both elevated and maintained.
• Provide guidance, advice and regulatory oversight on the adherence to the Financial Markets Act (FMA), Financial Sector Regulation Act (FSRA), Rules and Directives to ensure compliance risks are identified, assessed, managed and reported on.
• Develop and maintain a clear understanding of the financial markets’ ecosystem and the nature of the business conducted by regulated entities.
• Adopt and adhere to risk-based approach to the supervision of regulated entities.
• Develop a solid understanding of the FMA, FSRA, Collective Investment Schemes Act, Rules and Directives.
• Keep abreast of all regulatory developments and changes that may possibly impact regulated entities and engage relevant stakeholders on a timely basis to ensure that the regulatory and supervisory framework remains fit for purpose.
• Provide advisory services to regulated entities.
• Develop reports with findings and recommendations for corrective actions.
• Execute on the annual supervision and enforcement program within set timelines.
• Provide end-to-end eco system Risk Management (identify, assess, manage, monitor, report and track findings).
• Monitor any emerging risks to the capital markets that may require the introduction of or amendments to the supervisory framework to mitigate the identified risks.
• Propose changes to Rules and Directives based on risks and vulnerabilities identified in the ecosystem.
• Contribute towards the creation of a compliance culture in the ecosystem, training and awareness initiatives by becoming a trusted advisor to regulated entities (whilst maintaining independence).
• Challenge the status quo.
• Reinforce a culture of excellence.

Engage with clients in a client centric manner (Client Services) –

• Ongoing relationship building with internal and external stakeholders to ensure excellent business delivery.
• Deliver effective and consistent service to stakeholders.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
• Facilitate presentations to customers, staff, existing customers, potential customers and stakeholders.
• Perform solution demonstrations to internal and external stakeholders.
• Ensure that Supervisory queries are resolved efficiently and speedily to enhance client experience.
• Coordinate with regulatory bodies to ensure alignment with industry standards.

Self-management and teamwork (People) –

• Develop and maintain productive and collaborative working relationships with colleagues, peers and stakeholders.
• Continuously develop own expertise in terms of professional and industry knowledge.
• Contribute to continuous innovation through the development, sharing and implementation of new ideas.

Contribute to financial controls and planning (Finance) –

• Identify and recommend solutions and enhancements to increase cost effectiveness and operational efficiency.
• Implement and provide input into governance processes, systems and legislation within area of specialisation.
• Escalate unresolved policy and governance compliance issues via appropriate channels for investigation and resolution purposes.
• Provide input into the risk identification processes development and communicate recommendations in the appropriate forum.

REQUIREMENTS:

Qualifications –

• Grade 12 or equivalent.
• Degree or Diploma in Risk, Internal Audit or a related field of study.

Experience/Skills –

• Minimum 5 years knowledge and experience in the financial market.
• Solid knowledge and understanding of internal audit, controls, governance and compliance.
• Experience involving FAIS, CISCA, FICA, and Data Privacy legislation.
• Industry knowledge on Offshore Investments, with experience in Post Trade Services in the Capital Markets and LISP.
• Advanced report writing skills.

Advantageous –

• Knowledge of Trading Book instruments.

ATTRIBUTES:

• Problem solving abilities.
• Committed and passionate about providing superior customer service.
• Ability to handle conflict with customers and resolve these amicably.
• Strong verbal and written communication skills.
• Strong learning aptitude and willingness to be coached and mentored.
• Attention to detail and organizational skills.
• Proactive and self-motivated with a strong work ethic.
• Can adapt to a dynamic learning and work environment.
• Ability to provide information clearly to new customers.
• Able to work proactively and independently to deliver precise and accurate work.
• Take ownership for driving personal career development.