Job Description

Are you a compliance expert with a passion for financial integrity? Do you thrive in a fast-paced environment where your skills can make a real impact? A prestigious wealth management firm and authorized financial services provider is seeking a driven and experienced Compliance Officer to join their high-performing team. This is your chance to play a crucial role in upholding the highest standards of regulatory compliance, particularly within the realm of FICA.Make Your Mark:As a key member of the Compliance team, youll be at the forefront of ensuring the business operates with unwavering ethical and legal standards. Your expertise will be vital in:

• Championing FICA Compliance:
• Collaborate with the Head of FICA Compliance to seamlessly integrate risk management and compliance requirements, becoming a go-to resource for staff queries.
• Leading the Charge Against Money Laundering:
• Act as the Money Laundering Reporting Officer (MLRO), investigating suspicious activity, determining reportability, and filing SARs when necessary.
• Driving Continuous Improvement:
• Enhance the Risk Management and Compliance Program (RMCP) by developing and refining key processes.
• Navigating the Regulatory Landscape:
• Contribute to the implementation of new and evolving regulations, ensuring practices remain cutting-edge.
• Protecting Business:
• Conduct thorough AML due diligence on third-party entities, including offshore entities, and expertly manage AML questionnaires.
• Shaping Compliance Framework:
• Contribute to the development and review of the due diligence questionnaires, policies, processes, and RMCP documentation.
• Empowering Through Training:
• Deliver engaging regulatory training on FICA and other critical compliance topics, addressing knowledge gaps and fostering a culture of compliance.
• Proactive Monitoring & Reporting:
• Conduct ongoing monitoring reviews, track corrective actions, and prepare comprehensive reports to ensure adherence to regulations, including the Insurance Act, Long-Term Insurance Act, Income Tax Act, and Companies Act.
• Collaboration & Communication:
• Engage with stakeholders at all levels, providing expert guidance and support on compliance matters.

What You Bring to the Table:

• A legal degree and a deep understanding of FICA, ML/TF control regulations, and FIC guidance notes are essential.
• 5+ years of compliance-specific experience within the financial services industry (insurance background preferred).
• Ability to interpret and apply legislation, conduct monitoring, deliver training, and contribute to policy development.
• Process-driven, detail-oriented, with strong analytical and problem-solving skills.
• Excellent written and verbal communication skills, enabling you to engage effectively with stakeholders at all levels.
• Ability to thrive in a demanding team environment, demonstrating resilience and a collaborative approach.

Advantageous:

• Knowledge of the Insurance Act, Long-Term Insurance Act, FAIS Act, and Pension Funds Act.
• Understanding of FATCA and CRS.
• Experience with diverse organizational structures (non-profits, foundations, SOEs, offshore entities, etc.).
• Membership with the Compliance Institute of South Africa (CISA).

Ready to elevate your compliance career? Apply now and become a vital part of a dynamic team committed to upholding the highest standards of financial integrity!Job Categories: Financial Services IndustryJob Types: Full TimeProvince: Western CapeArea: Cape TownCountry: South Africa

Performability