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Job Description

In this role, the incumbent will play a key role in supporting the Old Mutual Investments Regulatory Compliance Manager by, implementation and maintenance of the compliance strategy and programme, and ensuring an appropriate culture of compliance across is prevalent across the business unit.

Key Result Areas
• Establishes and embeds an appropriate compliance culture.
• Development, implementation and maintenance of compliance risk management and monitoring plans.
• Ensures that staff are complying with applicable legislation across the business unit, to include training to be conducted when required.
• Knowledgeable of legislation affecting institutional asset management (buy side), with specific experience in the following:
o Financial Advisory and Intermediary Services Act, including applicable Codes of Conduct as applicable to a Cat 2 and Cat 2A FSP,
o Financial Intelligence Centre Act, and
o Protection of Personal Information Act (POPIA).
o Knowledge of the following would be considered advantageous:
▪ Financial Markets Act, and
▪ JSE Membership Rules and Regulations.
• Perform compliance monitoring to fulfil the requirements of the Compliance Monitoring Plan, using appropriate sampling methodologies.
• Facilitate investigation into, and resolution of, compliance related breaches. Draft relevant breach reports.
• Address ad hoc compliance queries.
• Maintenance of relevant regulatory registers (e.g., representative register, breach register, etc.).
• Preparation of compliance reports (e.g., Board reports, regulatory reports, etc.).
• Meet with managers to discuss the non-compliances
• Compile regulatory reports (FAIS, FICA, etc.)
• Co-ordinate and facilitate AML requests from internal stakeholders, counterparties and regulators.
• Facilitating the implementation of CURA (OM Compliance system) within the Compliance Team.
• Assist with training to the business.

Requirements: Skills, Qualifications and Experience required
• Recognized legal qualifications (e.g. LLB) and/or a professional designation (for example in the compliance field; CPrac or CProf).
• 2-3 years relevant experience, with most of it preferably in asset management.
• Advantageous if registered with the FSCA, or under supervision, as a FAIS Cat 2 and/or Cat 2A Compliance Officer.
• Software applications: Basic ability to utilise software applications such as MS Outlook, PowerPoint, etc.
• Competent in Microsoft Excel and Microsoft Word.
• Experience with CURA, SharePoint and CRM would be advantageous.
• Regulatory Advisory: Research, gather data, complete an analysis and integrate into business requirements under supervision of senior compliance officers.
• Compliance Monitoring: Execute the annual compliance plan and compliance monitoring plan under the supervision of senior compliance officer:
• Regulatory Knowledge and Awareness, as applicable to the business

Competencies
• Communication skills: The ability to investigate, conclude and communicate findings to relevant stakeholders.
• Ability to work well under pressure and able to manage their time effectively.
• Able to prioritise appropriately and meet deadlines.
• Deal effectively with conflict.
• Ability to innovate and improve efficiencies.
• Team player and strong partnership building skills.

Skills

Education

Closing Date

21 May 2024

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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