Compliance Officer (Financial Services/Wealth Management)

Compliance Officer (Financial Services/Wealth Management)Our client who is in the Wealth Finance industry is seeking a Compliance Officer to join their team to oversee the Group Compliance requirements implementing and monitoring procedures. Do you have your RE5 and RE1? In this role, you are to ensure that the organization adheres to all relevant regulations, laws, and industry standards. You will develop, implement, and oversee comprehensive compliance programs to mitigate risks and promote ethical conduct within the company. Through continuous monitoring and assessment, you will identify and address potential compliance issues, providing guidance to the leadership team to maintain a culture of compliance. You will collaborate with various departments to educate and train clients on compliance requirements. Your commitment to upholding the highest ethical standards will contribute to the integrity and reputation.Job Type: Full Time/PermanentLocation: Cape TownWork Place: HybridRequirements:Senior Certificate, Compliance Officer (recognized qualification)RE1/RE3/RE5Registered compliance officer at FSCAResponsibilities:Assuring compliance with the FSCA (Financial Service Conduct Authority) is always adhered to through close collaboration with stakeholders, key individuals, and external compliance officersTo identify and brief key individuals on all forthcoming regulation changes and impacts on the businessLiaison with external compliance consultantsPreparation of packs and compliance reports every quarterCompliance review of all New Business and Servicing cases submitted for the groupSubmission of Fund Selection and Withdrawal cases to various providersMaintaining and Administering the Representative RegisterMaintaining and Administering the Competency Register (e.g. CPD and Supervision tracking)Fit and Proper checks for Account ManagersEnsuring all Managers are provided with a "Starter Pack" (e.g Rep Disclosures drawn up, RMCP Emails to be sent, Submission of Masthead Applications, Drawing up of Supervision Forms)Ensuring all Quarterly declarations have been sent and receivedDue Diligence and review of third-party contracts including terms of business with various providersOngoing compliance monitoring and onboarding checks of all advisory staff, fit and proper competency checks according to FSCA regulationsAudit support - Provision of compliance requirements for internal and external auditsOversight of the compliance team responsible for all onboarding and compliance checks of all cases within the business, and review of case escalationsImplementation and oversight of all aspects of anti-money laundering (AML) systems, including monitoring effectiveness and enhancing the controls and procedures where necessaryLeading and executing a risk-based AML compliance program to ensure ongoing compliance with statutory and regulatory requirementsRegular risk assessments and updates to Risk Management and Compliance Policy: such as identifying potential compliance risk and actively advising management to implement proper compliance program to address any potential regulatory problemsImplement, regularly review, and update all policies and procedures to ensure accuracy and compliance with regulatory changes such as the Treating Clients Fairly, Risk Management PolicyComplaints managementEstablish a culture of compliance by training all staff accordinglyMonitor industry trends and developments and plan for potential changesSupport company on agreements and license applications/renewals where required