Compliance Manager
REF: KK627
Market Related Salary
V&A Waterfront, Western Cape
Reporting to the Head of Compliance, the successful candidate will be responsible for ensuring the organisation’s adherence to applicable legislation and regulatory requirements, with primary focus on Anti-Money Laundering, CRS, FATCA compliance and Data Protection.
RESPONSIBILITIES INCLUDE:
Engaging with senior stakeholders, advising on, monitoring, and reporting on compliance related issues
Functioning as the Money-Laundering Reporting Officer
Ensuring compliance with and advising on local and international financial crime regulations including AML, CFT, sanctions, anti-bribery laws within the South African and applicable foreign regulatory landscape, CRS, FATCA and Data Protection
Providing expert advisory to the business on compliance risks and obligations to ensure alignment with FSCA, PA, Information Regulator and FIC expectations
Monitoring and interpreting legislation and regulatory changes related to AML, Data Protection, FATCA/CRS, and advising relevant business areas accordingly
Proactively assisting the business in implementing new and/or amended regulatory requirements
Leading a small team, overseeing and driving deliverables and developing the team
Maintaining and updating the RMCP where necessary
Drafting, maintaining and enhancing Compliance Monitoring Plans (“CMPs”)
Determining the amount, frequency and type of monitoring needed
Drafting, maintaining and enhancing Compliance Risk Management Plans
Monitoring relevant legislation/ internal rules and/ or policies impacting the business
Drafting and submitting status, committee and/ or Board reports
Tracking instances of non-compliance
Interacting with regulators, industry bodies and internal/ external stakeholders
REQUIREMENTS:
Minimum of 8 years Financial Services experience, specifically Investment Management is preferable of which the past 5 years has been with a focus on anti-money laundering compliance with local and international financial crime regulations including AML, CFT, sanctions and anti-bribery laws
Hands-on knowledge of and experience with CRS, FACTA and Data Protection legislation, together with practical application thereof is highly advantageous
Compliance Professional registered with the Compliance Institute of South Africa is preferable
Proficient knowledge of the Financial Intelligence Centre Act, Guidance Notes and Public Compliance Communications (PCCs), and the ability to apply foreign AML legislation
Working knowledge of legislation relating to CRS, FATCA and POPIA
Exposure to FAIS, Long-Term Insurance Act, Insurance Act, CISCA and the Pension Funds Act is advantageous