Regulatory Compliance Specialist
3 weeks ago
At BSMG Investments, we are seeking a highly skilled Regulatory Compliance Manager to join our team. As a key member of our compliance department, you will play a critical role in ensuring that our organization remains compliant with all relevant regulatory requirements.
Key Responsibilities:- Guide and advise business and management on compliance requirements, including POPI, FAIS, TCF, FIC Act, FATCA, CRS, and EXCON Regulations.
- Update policy and procedure manuals to reflect regulatory and operational changes.
- Conduct compliance training and update training manuals in line with regulatory changes and policy requirements.
- Assist in compiling a compliance monitoring plan and reporting against plan.
- Assist in reviewing the Legislative Risk Matrix on an annual basis and submit to the Board of Directors.
- Conduct compliance monitoring and testing, including providing recommendations and action plans.
- Develop and update Compliance Risk Management Plans.
- Assist in submitting FATCA and CRS reports to the South African Revenue Service (SARS) and implementing new reporting requirements.
- Manage and oversee the REKYC and Enhanced Due Diligence (EDD) processes.
- Prepare and submit all required reports to the Group and Audit Committee on a quarterly basis.
- Regularly review the Compliance Monitor's functioning, quality of commentary, and timeliness of clearing, including conducting investigations and filing reports where required.
- Provide guidance on new product and delivery channel development.
- Filing of regulatory reports to the respective regulators.
- 5-7 years' experience in a compliance and regulatory position in a bank.
- LLB qualification or similar and other compliance-related courses/qualifications.
- In-depth knowledge of FIC Act, POPI, FAIS, GDPR, EXCON Regulations, Conduct Standards, and other applicable legislation impacting banks.
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