Compliance Manager

The purpose of this role is to ensure that the company complies with the provisions of the Financial Markets Act, the Rules and Directives of the JSE as well as to identify and report any contraventions of the Act, the Rules and Directives of the JSE or Board decision to the JSE Director: Market Surveillance.

Requirements

MINIMUM REQUIREMENTS

• Grade 12 coupled with at least 2 - 3 years compliance management experience in the commodities environment or Bachelor’s degree (Legal or Accounting) or equivalent qualification coupled with 2 years compliance management experience in the commodities environment will be an advantage
• The candidate must have passed the Derivatives Compliance Officer Examination as prescribed by the JSE
• Risk and Compliance short courses at NQF Level 6 will be an advantage
• Registration at the FIC to handle all potential reporting issues is essential
• Working knowledge of the Nutron trading platform will be an advantage

KEY PERFORMANCE AREAS

• Distribute and implement JSE notices
• Compile and distribute the daily debit balance emails for Commodity & Currency Clients
• Compile and distribute the current risk exposure report
• Communicate with Moonstone compliance and notify them of profile changes and updates for the division as the licence holder
• Open new client accounts on Nutron
• Amend fee structures with Clearing Bank
• Investigate and resolve client queries and complaints, update and maintain the complaints register
• Update and maintain client and trader data in counterparty report
• Ensure that the company complies with the provisions of the Financial Markets Act and the Rules and Directives of the JSE.
• Report any contraventions of the Act, the Rules and Directives of the JSE or Board decision to the JSE Director: Market Surveillance.
• Ensure that all clients are FICA compliant.
• Ensure that all potential reporting issues for Cash-threshold transactions and/or suspicious transactions are reported to the FIC.
• Compile and distribute reports to management as requested
• Compile and submit the quarterly The division Compliance report and highlight any identified irregularities

TECHNICAL KNOWLEDGE/COMPETENCIES

• Knowledge of agricultural and currency derivatives
• Solid experience and understanding of anti-money laundering is essential
• Knowledge of best practices/trends within the regulatory and compliance framework
• Knowledge of relevant legislation
• Drafting skills
• Excellent Computer skills
• Time management skills
• Accuracy/attention to detail

BEHAVIOURAL COMPETENCIES

• Dynamic, enthusiastic and Self-motivated
• Detail Oriented and Pro-Active inclination
• Team ...
  
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