Junior Internal Compliance Officer

Midrand - South Africa

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

A position for Junior Internal Compliance Officer exists at the Umsuka WeMali Finance reporting to the Group Financial Compliance Officer will play a key role in assisting with the development implementation and execution of the risk and Compliance management and compliance strategy. Through effective collaboration with the Umsuka Wemali team.

The overall purpose of this position is to ensure compliance with the relevant legislation. The incumbent must have experience in the credit lending section of the financial services industry.

Qualifications experience and other competencies required:

Degree
Matric
Compliance Management certification
Member of the Compliance institute of South Africa or any other regulatory bodies

Education & Experience Degree preferably in law

3 to 6 years experience within the compliance industry.

In depth understanding of compliance framework

Regulatory Expertise In-depth grasp of South African legislation and Swaziland legislation FSRA NCR FAIS FICA and hands-on KYC/AML onboarding periodic reviews and escalations as well as Ombud assistance

Training & Reporting Proven ability to craft compliance training and produce high-quality regulatory reports (e.g. to the FIC NCR and FSCA) -strong risk-management track record.

Technical Skillset Skilled in designing Compliance controls and internal rules to align with business operations.

Personal Attributes Integrity discretion ownership mindset and clear communication with relevant stakeholders.

Excellent admin and interpersonal skills.

Excellent computer literacy
You must have own transportation.

Key areas of responsibility: (Not totally inclusive)

Risk identification and management; The ability to navigate and apply regulation in a practical way.
Carrying out compliance monitoring/review activities and administrative tasks.
Determining statutory and management requirements applicable to all clients.
Implementing policies and procedures to assist facilitate and enable compliance.
Establish and maintain relationships with business areas line management of the business area.
Give ad hoc advice in respect of regulatory and operational risks; Strong technical understanding of regulation and compliance and limitations.
Escalate material non-compliance to appropriate forum.
Interact and liaise with the FSCA as need be.
Interact and liaise with the NCR as need be.
Process & Policy Governance Document compliance procedures and audit ongoing adherence to internal policies and external requirements.

Core Competencies:

Strong communication skills and experience engaging others.
Self-motivation and able to adjust to new situations and environments.
Excellent stakeholder management and influencing skills.
Ensuring effective compliance practices are operating and adhered to throughout the company.
Understanding and dealing with new and/or changes in regulatory requirements in order to mitigate compliance and regulatory risk.
Adding to the success of the Compliance team by engaging with and supporting other members of the team.
A willingness to take on new career challenges demonstrated by taking on complex or differentiated work assignments.
Ability to think strategically and have vision while also focusing on the details and execution.
Pragmatic risk-balanced advice; comfortable working with ambiguity.

We reserve the right not to make an appointment to any advertised position. Whilst preference is given to existing employees at all times and the choice made is purely on merit Historically Disadvantaged Candidates and Black Female Candidates are encouraged and supported in the FSG team. Whilst black female candidates will be given priority as per our transformation policy subject to the above criteria.

Fidelity Services Group (Pty) Ltd supports global fair practice and business ethics on continuous development of our human capital as the key resource to our success in the markets in which we participate.

Should you not be contacted regarding this position within 10 working days from the closing date please regard your application as unsuccessful.

Required Experience:

Junior IC