Compliance Officer (Prescient Securities)

DUTIES & RESPONSIBILITIES

Regulatory Compliance & Monitoring

• Conduct real-time monitoring of trading activity across all asset classes to ensure compliance, detect irregularities, and manage risks.
• Take responsibility as the FAIS Compliance Officer for FAIS monitoring and planning for Prescient Securities:
• Update monitoring plan to be in line with the relevant legislation.
• Monitor Continuous Professional Development (CPD) points, Class of Business training (COB), and
• Product Specific Training (PST) of all reps and KIs within the business.
• Monitor and report to Senior Management.
• Submit regulatory reports required by FAIS.
• Supervision of representatives and monitoring:
• Monitor that the representatives under supervision are being supervised and ensure that evidence of supervision is provided.
• AML – Conduct ongoing compliance and AML reviews in line with regulatory requirements and the company’s compliance program.
• Oversee access controls for trading and back-office systems to ensure compliance.
• Perform daily compliance checks to identify misdeals, outstanding allocations, incorrect journal entries, and faulty payments, escalating exceptions as required.
• Analyse root causes of compliance breaches and recommend corrective actions.
• Prepare and submit all FAIS regulatory reports within the required timelines.

Stakeholder Engagement & Risk Management

• Provide guidance and support to internal business units on FAIS, FICA, and other relevant regulations.
• Report on compliance matters, business risks, and regulatory updates to the Board and Executive Committee.
• Build and maintain strong working relationships with Regulators and other key governance stakeholders.
• Assist in the development and implementation of risk-mitigation strategies to ensure adherence to financial laws and best practices.

Policy & Process Management

• Ensure company policies and procedures remain up to date and aligned with regulatory requirements.
• Review and approve client and supplier accounts to ensure FICA compliance.
• Participate in regulatory audits and liaise with regulators as needed.
• Maintain and enhance business processes to strengthen compliance frameworks.
• Participate in Business Continuity Planning (BCP) testing as required.

Regulatory Awareness & Training

• Stay abreast of changes in legislation and assess their impact on business operations.
• Provide insights on upcoming regulatory changes and recommend effective implementation strategies.
• Conduct internal compliance training to foster a strong compliance culture within the organization.
• Ensure employees adhere to FAIS Fit & Proper requirements.

REQUIRED QUALIFICATIONS

BCom, B.Compt, BSc, LLB, FRM, or an equivalent qualification is essential.