Compliance Officer

**Job Details**:

- Department Operations- Minimum experience Mid-Senior- Company primary industry Financial Services- Job functional area Operations- Salary R900 000 - R1 200 000 per annum**Introduction**
A Financial Services Company providing short to medium term financing to Small, and Medium Enterprises (SMEs) is seeking to enlarge their team with a Compliance Officer.**Purpose of the Role**
To develop and monitor the business risk and compliance framework across the organisation and
- provide assurance on industry and regulatory compliance programs in line with the prevailing
- legislative environment governing the financial sector in credit provision**Key Responsibilities**:

- Compliance Management and Monitoring:

- Participate in the design, development, delivery and maintenance of best-in-class Compliance programs, policies and practices for the organisation.
- Analyse and interpret regulation and legislation
- Compile monitoring plans indicating the compliance monitoring methodology used and frequency thereof
- Advise and provide guidance to management on systems, policies, procedures and controls implemented to enable compliance
- Management of compliance functions within the various areas of the business, where applicable, and external compliance providers
- Regularly conduct thorough gap-analysis and drive the creation of processes to mitigate the identified compliance risks within the business
- Monitor compliance by conducting regular assessments and audits ensuring contractual requirements are met
- Ensure that Audit findings are recorded and followed up with management so that issues can be rectified, highlighting or escalating areas of concern
- Communication of regulatory changes and updates and training of employees on compliance policies and legislation, including the drafting of training material
- Addressing compliance-related queries from within the business
- Relationship Management:

- Consult on an ongoing basis with Executive Team to ensure conformance with applicable laws and regulations
- Maintaining relationships with regulators and other internal and external stakeholders
- Contribute to external client satisfaction by sharing knowledge and developing skills of client service team members and other stakeholders
- Risk Management and Support
- Identify potential areas of compliance vulnerability and risk, develop, and implement corrective action plans for resolution of problematic issues, and provide general guidance on how to avoid or deal with similar situations in the future
- Maintain an Operational Risk Register and track management actions, collating and reporting risk events and corrective action is taken
- Implement a comprehensive Risk Management Programme and monitor all legal, compliance and operational affairs with the business
- Ensure the reporting of irregular behaviour, cash transactions and suspicious transactions and activities on a timely basis to the appropriate leadership
- Maintain an ongoing profile of key risks and emerging trends across the business
- Complaint investigation and management
- Investigate and respond to compliance risk issues
- Investigate regulatory inquiries
- Support Credit Team by analysing received documents as required
- Prepare required documentation, making recommendations to senior management on how to proceed, and preparing responses for the regulatory inquiries
- Provide Compliance reports to Management to mitigate risk
- Manage performance and development:

- Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers
- General:

- Promote a strong compliance culture through robust checks and challenge processes and compliance advice to the business
- Maintain awareness of regulatory framework and specific obligations within the Financial Advisory and Intermediary Services (“FAIS”) Act, Financial Intelligence Centre act (“FICA”), Financial Sector Regulation Act, Code of Conduct, and other relevant

regulations- Manage, oversee and monitor regulatory compliance across the organisation
- Monitor and keep up to date with risk management, compliance, and legislative developments domestically and internationally
- Understand and embrace the company vision and demonstrate the values through interaction with team and stakeholders
- Participate and support corporate social responsibility initiatives for the achievement of key business strategies.

**Minimum experience & qualifications required**
- Postgraduate Degree in Legal/Commerce/Business
- Professional Designation or Certification/Accreditation in Compliance/Compliance Operations, FICA and/or AML would be advantageous
- 8 - 10 years industry experience as a Compliance Officer or in compliance operations, preferably in Corporate Finance, Financial Services, Legal, SME Environment or a Development Finance Institution
- Solid understanding of FAI