Compliance Officer (Prescient Securities)

DUTIES & RESPONSIBILITIES

Regulatory Compliance, AML & Monitoring:

• Conduct real-time monitoring of trading activity across all asset classes to ensure compliance, detect irregularities, and manage risks.
• Monitoring of daily CAPAD trading Limits and Monthly submission to JSE and A2X.
• 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.
• Ensure reporting obligations, both internal and regulatory reporting requirements, are conducted within required timelines.
• Take responsibility for the management and coordination of the regulatory and compliance training register, ensuring all regulatory training requirements are effectively tracked, reported and adhered to.

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 andbest practices.
• Coordinate regulatory engagements, including site visits.
• Escalate issues of non-compliance and manage all incident reporting to the Board and Exco.
• Ad hoc assistance and support to the Board as required.
• Take responsibility for managing counterparty due diligence processes, including responding to requests, coordinating internal stakeholders, and ensuring information provided aligns with regulatory and internal standards
• Represent PSec at Compliance Committees as required.

Policy & Process Management:

• Ensure company policies and procedures remain up to date and aligned with regulatory requirements.
• Review 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.
• Contribute to process improvements and development of data-driven reporting.
• 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.

Preference for completion of or registered to complete the following SAIFM Exams:

• JSE Equity Compliance Officer exam.
• JSE Derivatives Compliance Officer exam.
• SAIFM Introduction to financial markets RPE.
• SAIFM Regulation and Ethics RPE.
• SAIFM Bond Market RPE.
• SAIFM Derivative Market RPE.
• BCom, BCompt / equivalent is advantageous.