Group Risk Compliance Officer - Helderkruin Roodepoort at Fidelity Services Group

Job Summary:

• The Compliance Officer is responsible for ensuring that the organization complies with all applicable laws, regulations, and internal policies. They will work closely with various departments to identify areas of potential risk and develop strategies to mitigate those risks. The Compliance Officer will also be responsible for conducting audits and investigations and implementing corrective actions, as necessary.

Key Responsibilities:

• Develop and maintain a compliance program that meets the requirements of relevant laws and regulations.
• Conduct regular audits to assess compliance with internal policies and procedures
• Investigate and resolve complaints and reports of non-compliance.
• Provide training to employees on compliance-related matters.
• Develop and implement compliance monitoring and reporting systems.
• Stay current on changes to laws and regulations that may affect the organization.
• Develop and maintain relationships with regulatory bodies and industry organizations.
• Collaborate with internal departments to ensure compliance with all relevant laws and regulations.
• Develop and maintain a code of conduct and ethics for the organization.
• Anti Money laundering experience in relation to the following:
• Provide oversight of Fidelity Services Group (“FSG”) financial crime control efforts and report back to senior management on FSG’s efforts to mitigate financial crime.
• Document all processes related to the Anti-Money Laundering (“AML”), Combating the Financing of Terrorism (“CFT”), Counter Proliferation Financing (“CPF”) and sanction control functions (collectively called financial crime);
• Review AML/CFT/CPF policy statement and relating processes on an annual basis.
• Collate and co-ordinate suspicious alert reports submitted by the rest of the business units.
• Conduct suspicious activity and transaction investigations based on the information provided in the suspicious alert reports.
• Submit section 29 (Financial Intelligence Centre Act, 38 of 2001) reports to the Regulator via goAML.
• Conduct ongoing monitoring and assurance testing in terms of financial crime controls.
• Conduct predefined and limited real-time sanction screening of customers at the time of onboarding as well as at client review.
• Prepare and conduct annual AML, CTF, CPF and sanctions awareness training throughout FSG and more advance level training to the higher-risk areas within FSG.
• Liaise directly with Regulators on any financial crime related issues.
• Prepare high-level weekly, monthly and quarterly reports on key risk areas to senior management; and
• Liaise with various frontline business units and representatives to provide ad-hoc assistance with queries and general financial crime control advice.

Qualifications:

•  Bachelor's degree in business, law, or a related field.
• A minimum of 3-5 years of experience in compliance or a related field.
• Strong understanding of relevant laws and regulations.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.
• Strong analytical and problem-solving skills.
• Experience in conducting audits and investigations.
• 8. Certification in compliance (e.g. Certified Compliance & Ethics Professional) is preferred.