Purpose of the role
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:
JSE Exams: Successful completion of the JSE Equities Compliance Officer and JSE Derivatives
Compliance Officer exams
SAIFM RPE Exams: Completion of the SAIFM RPE exams, including Introduction to Financial Markets,
Regulations and Ethics of the South African Financial Markets, The Bond Market, and The Derivative
Market
Duties and 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
Approx. 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.
