Head of Compliance

Group Services | South Africa

Head of Compliance

Head of Compliance

Job Title

Group Services

Group Services

Business Division

South Africa

South Africa

Jurisdiction

Role summary

We are seeking a Head of Compliance to take responsibility for overseeing and managing the South African compliance function.

 

Key responsibilities

  • Act as the registered compliance officer with the FSCA for the two financial services providers for Category I and Category II respectively as well as oversee the regulatory responsibilities of the Management Company registered in terms of CISCA;
  • Act as the registered section 43 compliance officer in terms of the Financial Intelligence Centre Act for the three accountable institutions within the South African group of companies;
  • Implement and enforce the Group Compliance strategy in South Africa as communicated by the Chief Compliance Officer and interact with the Jurisdictional Lead Compliance Officer on an ongoing basis;
  • Communication and rollout of group compliance policies and processes locally;
  • Oversee and review the completion of all regulatory reporting and the submission to the relevant regulator as required in terms of FAIS, FICA and CISCA;
  • Regulatory engagement on an ongoing basis;
  • Establishment of an end-to-end compliance framework for each regulated entity including the drafting of compliance policies, implementing a monitoring plan for each regulated entity and creating general compliance awareness across the business in line with the broader Sanne Group’s Compliance
    Standards and Principles;
  • Perform horizon scanning and monitor conformance with applicable laws and regulations covering a diverse field;
  • Annually produce and monitors the performance of a risk based Compliance Monitoring Programme which will with conform to Local / Group requirements and provide the applicable Boards periodic updates of the effectiveness of controls within the business;
  • Ensure the timeous reporting of compliance risks and incidents within the regulated entities;
  • Oversee and assist the implementation of appropriate operational and control procedures to mitigate compliance risk. This includes compliance related input to the development of new or significant changes to existing services and business capabilities;
  • Report on an ongoing basis to senior management on compliance-related issues with a reporting line to the local boards and Audit Committee;
  • Assist with the promotion of a culture of compliance and awareness within the organisation by inter alia coordinating and implementing compliance projects and training initiatives;
  • Provide compliance advice to all stakeholders as well as the resolution of all related queries with clients;
  • Oversee the compliance function of the Management Company that includes CIS in Securities and Hedge Funds;
  • Manage the performance and deliverables of all the members of the Compliance Department through the Group Performance Management System and mentoring based on individual development requirements; and
  • Fulfil the function of Supervisor for Compliance Officers under Supervision in terms of a Supervision Agreement and a Personal Development Plan for each compliance officer.

 

Skills / experience required

  • Legal or Accounting Degree;
  • Post-graduate diploma in Compliance Management would be beneficial;
  • Certified Compliance Practitioner as recognised by the Compliance Institute of Southern Africa (or working towards this designation);
  • Successful completion of the relevant regulatory examinations, at least RE 1 and RE3;
  • A track record of experience of at least 5years gained in specifically FAIS, FICA, CISCA and other applicable legislation;
  • Track record of experience as the registered internal compliance officer of a financial services provider/s, the registered section 43 compliance officer and exposure to compliance in a management company (CIS in Securities/hedge funds);
  • Communication - Convey information in a clear, concise, and logical manner and communicate persuasively at senior management level;
  • A track record of experience interacting on board level and providing strategic compliance input to business initiatives;
  • A track record of interaction with the relevant regulator (FSCA and FIC);
  • Analytical and Logical Reasoning - Review complex written documents, drawing inferences and developing logical thinking and problem-solving abilities as well as structuring and evaluating arguments;
  • Research - Research statutes, regulations and other information and provide concise relevant summaries to the business and the broader Compliance Team;
  • Time Management and Organization - Manage time and workloads. A strong work ethic. The ability to juggle competing priorities. Work in an organized manner using efficient filing and data storage techniques; and
  • Teamwork - Collaborate with others to reach a common goal and coordinating and sharing information and knowledge. Cultivate relationships with colleagues, staff, clients, experts, vendors and others. 

Next steps

If you are interested in this role or have any questions, please click here.

 

  • About us

    SANNE is a leading global provider of alternative fund and corporate administration services.

  • Our services

    SANNE provides clients across the globe with a wide range of complementary business services, focused on two core areas: alternative asset services and corporate and private client services.

  • Our approach

    We understand that each client relationship has a unique set of requirements and expectations; that is why our client service teams are handpicked and tailored to fit the specific and evolving needs of each client.

  • Thought leadership

    At SANNE, we collaborate and share our knowledge and best practice with those we value. These are the things that make the difference.

  • Our people

    We work with talented people. It’s their deep expertise, knowledge and collaborative nature that differentiates us. We see things differently.

  • Global locations

    Our global network is spread across three global regions: The Americas, EMEA and Asia-Pacific & Mauritius.