Job Title: JSE Risk and Compliance Officer
Location: Westlake, Cape Town
Reporting Line: Chief Operating Officer
Job Summary:
The JSE Risk and Compliance Officer plays a critical role in ensuring that the organization adheres to all applicable legislation, including the JSE and A2X Exchange Rules and Directives. Reporting to the Chief Operating Officer, this position is responsible for monitoring trading activities, conducting compliance reviews, and fostering a culture of compliance within the organization.
Key Responsibilities:
- Compliance Monitoring: Conduct real-time monitoring of trading activity across all asset classes to ensure compliance, detect irregularities, and manage risk effectively.
- Trading Limits Management: Oversee the monitoring of daily CAPAD trading limits and prepare monthly submissions to the JSE.
- Access Management: Handle the onboarding and offboarding of access to trading and back-office systems, ensuring compliance with internal protocols.
- Daily Checks: Perform daily checks to identify misdeals, outstanding allocations, faulty payments, and incorrect journal entries, reporting any exceptions found.
- Compliance and AML Reviews: Conduct compliance and Anti-Money Laundering (AML) reviews on the stockbroking division, ensuring adherence to regulatory requirements and internal policies.
- Root Cause Analysis: Analyze the root causes of any compliance breaches and recommend preventative measures to mitigate future risks.
- Reporting: Report on business risks and compliance matters to the Board and Executive Committee (Exco) and escalate issues of non-compliance as necessary.
- Communication: Relay relevant JSE Market Notices and communications to staff, ensuring they are informed of important updates.
- Regulatory Liaison: Maintain close working relationships with exchanges and relevant regulatory bodies, ensuring effective collaboration on compliance matters.
- Policy Development: Keep compliance policies updated and effectively communicate changes to staff.
- Client and Supplier Reviews: Review client and supplier accounts to ensure compliance with the Financial Intelligence Centre Act (FICA).
- Ad Hoc Tasks: Handle various ad hoc queries and tasks as required, contributing to a proactive compliance environment.
Required Experience:
- Approximately 7 years of experience in a compliance role within financial services, with a focus on stockbroking.
- Strong knowledge of relevant legislation, including FICA and the Prevention of Organized Crime Act (POCA).
- Solid understanding of financial instruments, particularly Fixed Income and Derivatives.
- Familiarity with FAIS monitoring and stockbroking operations.
- Experience with local and international settlements and operations.
Required Qualifications:
- A BCom, B.Compt, BSC, LLB, FRM, or equivalent qualification is essential.
Key Competencies:
- Analytical Skills: Strong ability to collect, research, and process data effectively to develop efficient compliance processes.
- Problem-Solving: Proficient in identifying and resolving problems promptly while providing viable solutions.
- Interpersonal Skills: Excellent verbal and written communication abilities to engage effectively with various stakeholders.
- Team Player: Demonstrates a positive attitude, contributing to a collaborative team environment.
- Deadline Driven: Capable of managing multiple tasks and meeting deadlines, especially under pressure.
- Quality Management: Committed to improving and promoting quality standards, demonstrating accuracy in all tasks.
Why This Role?
This position offers an exceptional opportunity to join a leading stockbroking team, providing significant exposure and challenges in the Risk and Compliance arena, while contributing to the overall integrity of financial operations.
