Compliance Officer - Investment Management
Rory Mackie & Associates
Cape Town, South Africa, Western Cape, ZA
6d ago

The Compliance Officer will be responsible for the creation and implementation of a compliance and risk management framework for the Collective Investment Scheme and Management Company.


  • Compliance Policies and Procedures
  • Maintain required policies and procedures including :
  • Compliance Manual
  • PAIA
  • BCE Act / EE Act
  • Governance (Gift Register, Director Declarations)
  • Regulatory Reporting
  • Responsible for production and / or oversight and submission of all regulatory reports timeously, including :
  • FSCA Quarterly Compliance Reports
  • FSCA Quarterly Stats (local and FCIS) and ASISA Quarterly Reporting
  • SARB (K23, D427)
  • Asset Allocation reporting to institutional clients
  • Regulation 28 Reporting (including look through)
  • Notice 910 Fit and Proper
  • FICA
  • Maintain the Risk Management and Compliance Programme to ensure full compliance with FICA and related anti-money laundering regulations
  • Be appointed as the Money Laundering Compliance Officer
  • Responsible for ongoing FICA training and control testing to ensure procedures are adhered to
  • Portfolio Compliance Monitoring
  • Monitor daily breach reports in conjunction with Assets Operations team
  • Investigate breaches reported and confirm validity
  • Engage with fund managers to confirm validity and understand causes / mitigating circumstances
  • Record breaches as appropriate and manage breaches to conclusion
  • Monitor trustee breach reports and engage with trustees to ensure breaches are managed to the trustee’s satisfaction
  • Manage the service level with the outsourced service provider and ensure the service is delivered according to the SLA.
  • Ensure new portfolios are correctly setup and applicable rules are applied
  • Applicable Rules include :

  • Regulation 28
  • Fund Mandate
  • Foreign CIS
  • Ensure due diligence on underlying foreign scheme investments is done, and submitted to trustees for approval
  • Ensure due diligence on underlying foreign scheme investments is reviewed annually
  • Ensure all responsibilities in terms of foreign representation agreements are met
  • Review FCIS prospectus changes as required and evaluate whether notification to FSCA is required
  • Draft required applications to FSCA
  • Advertising and Marketing
  • Review procedures for advertising and marketing and update accordingly
  • Submit or ensure submission of advertising and marketing material to FSCA
  • Review application forms and update accordingly
  • Ensure all material complies with BN92
  • Includes Local CIS and Foreign CIS
  • Investment manager due diligence
  • Ensure due diligence with investment manager are reviewed quarterly, annually, adhoc for existing investors and full DD performed on new investment managers
  • Applications to FSCA
  • Draft applications for new portfolios and amendments to FSCA and manage to completion
  • Draft supplemental deeds as required
  • Company Secretarial
  • Maintain the Combined Company register in accordance with regulation and best practice
  • Ensure all provisions of the Companies Act are met
  • Engage with the outsourced company secretary as required
  • General
  • Scanning of the regulatory environment and interpretation of impact of legislative changes

  • Working knowledge of and ability to interpret various relevant Acts and subordinate legislation :
  • FICA
  • An understanding of Exchange Control Regulations, Contract Law and Tax
  • Display initiative, be proactive and take ownership of the role
  • Sound decision making skills; commitment to appropriate actions
  • Communicate effectively, written and verbal, in English
  • Ability to work independently as well as within a team
  • Systematic, organised working conventions, with attention to detail
  • Ability to prioritise and plan appropriately
  • Accountability for relevant tasks

  • You have experience as a compliance officer or similar role within the financial services industry
  • You have working knowledge of financial services legislation, especially CISCA and FICA
  • You have a certificate in Compliance Management, this would be an advantage but is not essential
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