Fresh Job Opportunities at Stonehage Fleming

Description    
OVERALL PURPOSE 

• Reporting to the Group Accountant the Junior Accountant will assist in the month end close process of several international entities across the Group. Including the preparation of financial records under IFRS, financial statements, preparing and submitting relevant tax filings and providing financial information to stakeholders across the Group, enabling them to make budgeting and investments decisions.

Key Responsibilities    
PRINCIPAL ELEMENTS AND ACCOUNTABILITIES

• Complete bank reconciliations for the bank accounts of specific Group entities on a weekly and monthly basis to ensure that the cash records are correct
• Liaise with the billing team to ensure that they have completed the billing, WIP accruals, bad debt provisions and income split journals for assigned Group entities each month
• Liaise with the accounts payable team to ensure that expenses, prepayments and fixed assets additions are booked correctly each month
• Prepare the monthly accruals and provision journals
• Preparing the monthly profit and loss, and balance sheet reports
• Preparing the supporting balance sheet reconciliations for all the balance sheet balances
• Ensure that the intercompany balances reconcile with the counter parties’ records
• Maintain fixed asset register
• Preparation of weekly/monthly cash flow forecasts
• Assist with the year-end audit and provide supporting documentation to the auditors
• Respond to ad hoc financial queries by gathering and interpreting data
• Provide cover in the absence of Group Accountant
• Assist with ad hoc tasks
• Prepare financial statements for dormant entities

QUALIFICATIONS AND EXPERIENCE

• Qualification in Accounting

COMPETENCIES, SKILLS AND BEHAVIOURS

• Accounting skills
• Strong Excel skills 
• Very good attention to detail and an organised logical approach is essential
• Proactive and solutions oriented
• Ability to work effectively under pressure and to meet tight deadlines
• Interpersonal skills with ability to build effective working relationships 
• Team player
   

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OVERALL PURPOSE

• The overall purpose of the role is to execute payments, FX transactions and Investment transactions.

Key Responsibilities    
PRINCIPAL ELEMENTS & ACCOUNTABILITIES

• Execution of local client payments in compliance with internal processes.
• Execution of offshore forex payments in compliance with internal processes.
• Execution of Business Central payments in compliance with internal processes.
• Execution of local and Offshore Investment trades in compliance with internal processes.
• Booking of foreign exchange rates on behalf of clients
• Investment deal executions
• Accurate completion of BOP forms and associated administrative tasks

QUALIFICATIONS AND EXPERIENCE

Experience required: 

• Foreign exchange and exchange control background from a local bank (beneficial if from Private Client / Wealth environment). 
• Payment execution and FX Dealing experience necessary. 
• Investment trades (beneficial but not a requirement).

SKILLS

• Proficient in Banking Platforms (online banking) essential
• E-mail and MS Office Packages
• Knowledge of the following is essential:
• Exchange Control
• Exchange Control Applications
• Non-Resident Banking
• Exchange Rates and the theory behind them 
• Understanding of Markets
• Ability to work in a highly pressurized environment 
• A record of high integrity.
• Knowledge of Investment dealing beneficial but not required

Excellent interpersonal skills

COMPETENCIES AND BEHAVIOURS

• Planning & Organizing: Schedules & manages workload effectively, thinks ahead, sets plans to achieve goals
• Teamwork: Supports & works towards team goals, shares information, is helpful & co-operative, works effectively with people outside immediate team ( within the wider group) 
• Communication skill: Communicates clearly and concisely, listens effectively , written communication is well presented, ability to deal with sophisticated clients under circumstances that can sometimes be challenging
• Client orientated understands and satisfies client needs at all times, delivers excellent client service, takes full responsibility & accountability for all client matters including delegated tasks.
• Accuracy, quality & productivity: Delivers work of a high standard, output is accurate & error free, productivity is satisfactory & consistent
   

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OVERALL PURPOSE

• To assist Stonehage Fleming and employees in complying with applicable legislative and regulatory requirements by identifying, assessing, managing, monitoring and reporting on compliance risks facing the organisation.
• To assist the Risk & Compliance team in maintaining and executing the compliance monitoring programme, on a risk weighted basis. 
• To assist the Head of Risk and Compliance, South Africa, in any risk and compliance matters as deemed necessary.

Key Responsibilities    
PRINCIPAL ELEMENTS & ACCOUNTABILITIES

• To act as the FAIS compliance officer for various local and foreign FSPs.
• Apply for, and maintain, FSP licenses:
• Responsible for the appointment and/or removal of FSP products, key individuals and representatives;
• Responsible for keeping FSP profile information up to date;
• Review the adequacy of the supervision template and draft Supervision Agreements between supervisor and supervisee;
• Maintain supervision register and ensure supervision is being tracked appropriately; 
• Assist with the application of new FSP licenses or lapsing of existing FSP licenses (where applicable); and
• Prepare reports and regulatory submissions to regulatory authorities.
• Fit & Proper Requirements (including Competence Registers & CPD):
• Ensure that key individuals and representatives comply with fit and proper requirements including (where applicable) competence relating to RE5 exams, product specific training, Class of Business Training and CPD;
• Maintain approval as an accredited CPD provider in order to assist representatives in obtaining the minimum of 18hours in a CPD cycle;
• Draft and roll out CPD know how articles to assist with CPD requirements;  
• Implement CPD plan template to ensure that key individuals and representatives remain fit and proper in terms of their competence requirements; and
• Maintain the Competence registers.

Maintain Risk & Compliance Policies & Procedures:

• Horizon scanning and responding to regulatory consultations;
• Remain up to date on new regulations affecting the organisation, perform impact assessments and update policies and procedures accordingly; and
• Ensure employees are educated on the latest regulations and policies.
• Combined Risk Assessment (CRA):
• Assist with the review of the regulatory universe, assessment and prioritisation of regulatory risk;
• Meet with relevant individuals within company to identify, measure and formally document the risks and controls in the CRA; and
• Assist with the continual review of and update to the existing CRA with any changes to business process or with regards to any new legislation.
• FICA:
• Act as Deputy MLRO for various Accountable Institutions;
• New Business Acceptance Committee (NBAC): Review and summarise sign-off NBAC opportunities; and
• Assist with the review and sign-off of periodic AML risk reviews.

Risk and Compliance:

• Create metrics to help track compliance and pull management information in order to provide succinct compliance reports;
• Assist with the preparation of compliance reports to management, various committees and governance structures within the Group; and
• Attend and present at various committee meetings when the Head of R&C is unable to attend

Other:

• Support the business and provide compliance and regulatory advice;
• Assist with customer complaints;
• Assist with Breach management and complaints: investigation, internal and external reporting and administration;
• Review financial promotions/advertisements;
• 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

• FAIS approved Compliance Officer for Category I and Category II Financial Services Providers.
• Regulatory Examinations (RE1, RE3). 
• RE5 an advantage.
• Preferable: recent AML qualification. 

EXPERIENCE

• Required: At least 5 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

• Commercial focus, understand the nature of the various group businesses and to determine what needs to be done to comply with applicable legislation and regulation.
• Excellent interpersonal skills with the ability to liaise and collaborate with individuals at all levels, being helpful and co-operative whilst working towards team goals.
• 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.
• Proven project management skills relating to risk and compliance initiatives. 
• Proven experience of working in a challenging and fast-moving environment, across multiple jurisdictions and with complex products.
• Self-motivated and able to use initiative with a strong hands-on approach.
• Experience managing FAIS/FICA related queries and engaging with the business.
• Ability to motivate others and foster potential.
• Ability to think strategically, critically and long term.
• Strong understanding of Excel, Work and PowerPoint, with an ability to quickly learn/understand other in-house systems.