Head, Money Management & Advisory Risk & Governance
Job Overview
Business Segment: Personal & Private Banking
Location: ZA, GP, Johannesburg, Baker Street 30
Integrate all risk management (e.g., Ops Risk, Reputational Risk) and compliance activities/disciplines in order to provide a consolidated view of the Money Management and Advisory risk landscape.
Ensure the implementation of all relevant legislation (e.g., FAIS, POPI Act, TCF, FICA, KYC, AML) through the development of appropriate processes and systems to drive adherence to regulatory and compliance requirements.
Ensure that Financial Advisor proficiency levels are maintained through coaching and development interventions to enable Advisors to provide holistic financial advice against pre-defined criteria (e.g., quality scores).
Define appropriate certification and people development criteria to meet the agreed requirements.
Manage a “Centre of Excellence” to coach and develop Financial Advisors to provide holistic financial advice against pre-defined criteria (quality scores).
Chairs all Advisory risk and compliance related committees (e.g., monitoring, quality assurance) and provides risk reports for other relevant committees.
Interpret and implement all relevant legislation that impacts the Advisory function (e.g., FSCA, FAIS, TCF), supported by compliance and group FAIS advisory services.
Act as “KI (Key Individual) of KIs” in the business, independent of income statement metrics, ensuring sound advice is rendered to our clients regarding their financial planning, estate, and offshore planning.
Ensure advice complies with legislation (e.g., FICA and FAIS, Income Tax Act, Estate Duty Act, International tax, Currencies and Exchange Act) to preclude any reputational risk, as well as TCF.
Ensure that end-to-end administrative processes are put in place to ensure compliance with FAIS (e.g., recording of qualification, regulatory exam, and other fit and proper required documents, register). Provide training and certification requirements.
Retain national oversight of the level of adherence to all relevant policies and processes and implement corrective actions where required.
Qualifications
Minimum Qualifications:
- Bachelor's Degree in Wealth Management / Risk & Governance Management / Financial Planning / Economics (or related qualification) (Non-negotiable)
- Honors or Masters Degree (Beneficial)
Experience Required:
- 10 to 12+ years' experience in Financial Planning with Money Management related licenses (sub-categories).
- 10+ years' experience with advisory risk and compliance matters.
- 10 to 12+ years' experience with financial services operational processes, policies, and systems and its value chain.
- 10 to 12+ years' experience dealing with third-party suppliers (e.g., Liberty, Stanlib).
- 10+ years of complying with current legislation (e.g., FAIS regulation and its requirements) as it relates to SBFC/Money Management & Advisory.
Please note: All our recruitment processes comply with the applicable local laws and regulations. We will never ask for money or any form of payment as part of our recruitment process. If you experience this, please contact our Fraud line on +27 800222050 or
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