Compliance Operations Consultant - Cape Town, South Africa - Rory Mackie & Associates

Rory Mackie & Associates

Verified Company

Cape Town, South Africa

3 weeks ago

Posted by:

Thabo Mthembu

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Description

Job Overview:

This position is for a Compliance Operations Consultant within our client's Discretionary and Contractual Product team.

The role would entail Upfront Compliance for the Linked Investment Service Provider (LISP) and its related retail products in line with the Financial Intelligence Act regulations.

Responsibilities:

Working in a LISP and institutional/corporate environment
Upfront compliance of all instructions which includes FICA and FATCA verification for all new investments
Daily monitoring of Politically Exposed Persons and Adverse Media clients to ensure that all requirements are met before a relationship is established with new clients
Work closely with Client Relationship Managers to obtain any outstanding documentation require to onboard clients
Responsible for maintaining detail notes on all cases assigned and regular follow up for any outstanding requirements
Collaboration between the administration team and the Client Service Team
Maintain a good internal department relationship to ensure that you get the maximum support collaboration
Identify gaps in processes and report this to the Head of Retail and Retail Manager
Understand and adhere to the appropriate policies, standards and procedures applicable to the role
Understand and manage risks and risk events relevant to the role and immediately report any findings to the Retail Manager for discussion and resolution (FICA and FATCA)
Facilitate that all timing standards are maintained and that you report anomalies to the Admin Team Leaders to investigate
Maintain a healthy team spirit by assisting peers where needed

Requirements:

B.Com or equivalent undergraduate degree/diploma is preferable
Preferable to have experience in client on boarding and compliance
At least 35 years' experience in the Linked Investment Service Provider (LISP) environment administration is preferable
Experience in the following Financial Services industries is an advantage: LISP, Collective Investment Schemes, Institutional/Corporate Clients
Strong working knowledge of word processing, and spreadsheets (MS Word, Excel)
Attention to detail is a strong requirement

Core competencies required:

Strong organisational skills a passion for getting things done quickly and correctly
Strong attention to detail to ensure work is done right the first time
Ability to work well and accurately under pressure
Ability to work both within a team and individually
Be a selfstarter and must be proactive in taking ownership for their own learning and career development
Be discreet, professional and wellspoken
Ability to manage multiple projects while prioritizing work assignments