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Vacancies

JSE Risk and Compliance Officer (Prescient Securities)

Reporting line

Chief Operating Officer

Location

Steenberg, Tokai

Business Unit

Prescient Securities
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Reporting to the COO, this role is responsible for ensuring compliance with applicable legislation, including JSE and A2X Exchange Rules & Directives, as well as assist the Board to ensure adherence to internal policies and procedures. The following requirements are essential for the role:

DUTIES & RESPONSIBILITIES

  • Real Time Monitoring of Trading Activity across all asset classes, to ensure compliance, detect irregularities and manage risk
  • Monitoring of daily CAPAD trading Limits and Monthly submission to JSE
  • Responsible for onboarding and offboarding access to Trading and Backoffice systems to ensure compliance  
  • Conduct daily checks to identify misdeals, outstanding allocations, faulty payments, incorrect journals made, etc and report on any exceptions identified
  • Conduct compliance and AML reviews and monitoring on stockbroking division in accordance with the compliance programme and stipulated timelines and prepare compliance reports
  • Conduct compliance and AML reviews to ensure business units adhere to regulatory requirements and the Companies policies and procedures
  • Analyse the root causes of any possible breaches and recommend preventative measures
  • Report on Business Risks and Compliance Matters to the Board and Exco
  • Escalate issues of non-compliance and manage all incident reporting to the Board and Exco
  • Communicate relevant JSE Market Notices and Communications to staff
  • Form close working relationships with Exchanges and Relevant Regulatory Bodies
  • Work closely with Group Legal, Risk and Compliance and ensure effective and up to date compliance programme is maintained
  • Develop close relationship with business units to engender a culture of compliance within the business
  • Responsible for keeping relevant policies updated and communicating to staff
  • Review Client and Supplier accounts to ensure compliance with FICA
  • Develop and document business processes
  • Ad hoc queries and tasks
  • Liaise with regulators
  • Participate in BCP Testing as required
  • Remain abreast of changes to legislation, such that you are able to:
  • Engage the business on changes or requirements in applicable primary legislation.
  • Propose solutions that are efficient and effective, given business and environmental factors.
  • Provide commentary on impending legislation and understand how it pertains to the business.
  • Provide assistance and guidance to the business and respond to queries on all regulatory compliance matters.
  • Investigate, track resolution and report compliance breaches.
  • Coordinate regulatory engagements, including site visits.
  • Ensure reporting obligations, both internal and regulatory reporting requirements, are conducted within required timelines.
  • Liaise with key internal Group and the broader Group governance stakeholders.
  • Actively participate, and represent the Group, in internal Group subject matter forums
  • Ensure all FAIS reporting is submitted timeously. 

REQUIRED EXPERIENCE

  • Approximately 7 years’ experience in a similar role in financial services where you have had exposure to full compliance function in a stockbroking firm.  
  • Knowledge of relevant legislation i.e., FICA, POCA etc.
  • A solid understanding of financial instruments, including Fixed Income and Derivatives.
  • A solid understanding on FAIS Monitoring
  • Strong knowledge on Stockbroking Operations.
  • Knowledge and Experience of both local and international settlements and operations.
  • Computer literacy – MS Office, especially Excel essential
  • Excellent knowledge of FICA and know-your-client related documents for both Domestic and International entities

REQUIRED QUALIFICATIONS

  • BCom, B.Compt, BSC, LLB, FRM or equivalent is essential.

KEY COMPETENCIES

  • Analytical – Collects, research and process data and information in an intuitive manner and develops effective processes.
  • Problem Solving - Identifies and resolves problems in a timely manner, provides solutions.
  • Strong interpersonal skills
  • Strong verbal and written communication
  • Positive team player - balances team and individual responsibilities, displays objectivity and openness to others & views, gives and welcomes feedback, contributes to building a positive team spirit, puts success of team above own interests.
  • Deadline driven – displays the ability to meet deadlines, works well under pressure.
  • Quality Management - Looks for ways to improve and promote quality, demonstrates accuracy, and monitors for quality, applies feedback to improve performance.

WHY THIS ROLE?

This is your opportunity to join a leading and highly rated Stockbroking team in a critical role which offers excellent exposure and challenge in the Risk and Compliance Arena. 

INTERESTED?
APPLY NOW

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