Job Opportunities at Allan Gray Proprietary Limited

Role responsibilities

• Drafting, maintaining, and enhancing Compliance Monitoring Plans (“CMPs”) 
• Determining the amount, frequency and type of monitoring needed to satisfy the CMPs.
• Monitoring of relevant legislation/ internal rules and/ or policies impacting the business, including wider legislative, regulatory, company and industry standards, and pro-actively assists the business in implementing new and/or amended regulatory requirements.
• Draft and submit status, committee and/ or board reports.
• Track instances of non-compliance and liaise with responsible person(s) to ensure agreed action plans are implemented.
• Where necessary, interacting with regulators, industry bodies and internal/ external stakeholders.
• Review the training register to check whether comprehensive training programs have been implemented, and whether all the relevant personnel have been trained.
• Active participation in consultative and lobbying structures regarding legislative and regulatory developments.
• Responsible for the completion and/or maintenance of Regulatory Universe.
• Cultivates constructive relationships which results in the Business proactively seeking Compliance involvement.
• Developing and training Junior Compliance Officers. 

Competencies and attributes

• Good management and leadership ability.
• Methodical, thorough, and attentive to detail.
• Passionate, dynamic, proactive, and driven.
• Impartial and challenging (independent minded).
• Good ethical judgement.
• Excellent emotional intelligence.
• Ambitious and avid learner. 
• Ability to work efficiently without close supervision.
• Team player.
• Adaptable and resilient.
• Self-motivated, organised and deadline driven.
• Excellent Microsoft Office skills - MS Outlook, Word, Excel, Visio, PowerPoint etc.

Skills

• Effective negotiation and influencing skills.
• Strong analytical, investigative, problem solving and probing skills.
• Solid report-writing skills and presentation skills.
• Excellent communication and interpersonal skills, including communicating effectively with colleagues and external parties (clients, regulators, and industry bodies).
• Good time management skills

Education and experience

• Legal and/or Commercial Degree,
• A minimum of 3-4 years Financial Services experience, specifically Investment Management.
• Relevant experience within the financial services industry, specifically relating to the operations of Category I, II and III FSPs, a CIS Manager, Long-Term Insurer and Pension Funds.
• Proficiency in the Financial Advisory and Intermediary Services Act, Collective Investment Schemes Control Act, relevant insurance legislation and relevant anti-money laundering legislation, and working knowledge of the Pension Funds Act and relevant data protection legislation.
• Passed the applicable FSCA Regulatory Exams advantageous. 
• FAIS approved Compliance Officer with the FSCA advantageous.
• Compliance Professional registered with the Compliance Institute of South Africa will be advantageous.

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Job Responsibilities

• Facilitate the risk processes (risk assessment, identification, management, reporting & optimization) across the business including IT risk analysis, to identify and assess the risk to IT and applications.
• Engage with the business in identifying practical solutions to mitigate key risks and address control and process weaknesses identified.
• Remain close to business, engaging regularly and deeply understanding the risks and issues facing the business and the state of the control environment.
• Make pragmatic recommendations for control improvements on the systems and procedures being reviewed and reporting on these findings, open exposures, and recommendations after discussing with management.
• Investigate risk incidents which include root cause analysis, rectification assessment, propose and test the design adequacy of control improvements. 
• Perform risk assessments as part of various business projects and initiatives.
• Provides expert advice and consultancy with respect to risk management practices and concerns.
• Assist in the education of staff/promoting risk awareness throughout the Group.
• Researches and stays abreast of worldwide best practice and regulations.
• Work closely with the Internal Audit and Compliance Functions to provide a combined assurance assessment of the risk management within the firm.

Competencies

• Passionate, proactive, and driven.
• Attention to detail.
• Ambitious and avid learner.
• Ability to work efficiently without close supervision.
• Team player.
• Adaptable and resilient.

Skills

• Strong analytical, investigative problem solving and assessment skills.
• Strong communication and interpersonal skills.
• Effective negotiation and influencing skills.
• Outstanding report-writing skills and presentation skills.

Education

• Relevant Honours degree in Commerce, Information Systems, or Risk Management.
• A CA or similar qualification will be advantageous. 
• 8-10 years related experience (enterprise-wide risk management) at an asset manager or financial services provider is preferred.

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Responsibilities

• The accounting function for AG Life comprises 
• Preparation and recording of payments.
• Cash book entries recording receipt of fee income.
• Monthly journal entries. 
• Institutional policyholder accounting High level review and consolidation of policyholder transactions maintained by Retail Finance.

Reporting is required as follows

• Management information (for company and used for group consolidated reporting).
• Monthly preparation of AFS, management accounts.
• Monthly analysis of fee income. 
• Monthly capital adequacy monitoring for reporting to MD.
• Regulatory reporting
• Monthly Liquidity return reporting to the Prudential Authority.
• Quarterly reporting to SARB.
• Quarterly and Annual SAM return reporting to the Prudential Authority. 
• Quarterly reporting to ASISA and Stats-SA.
• Tax reporting
• DWT, VAT, income tax (IT14L in terms of the 5 funds approach required by S29A).
• Executives
• Preparation of financial reports for the bi-annual directors meeting.

Other:

• Accounting for Offshore Endowment and Guernsey branch.
• Liaison with Retail Finance on the Life products that form part of AG Life.
• Liaison with external auditors during annual audit, ensuring audit is completed within tight deadlines.
• The candidate should expect other responsibilities to assist both the Institutional team and the overall Group Finance team, as may be required. 

Qualification and Experience

• CA(SA)
• Financial services experience preferred, preferably 2-3 years post qualification.

Skills and Competencies

• Must be proficient in Microsoft Excel.
• Ability to pay attention to detail, work accurately and to quickly detect errors.
• Aptitude for numbers and routine work.
• Capable of working unassisted and seeing tasks through to successful completion within tight deadlines.
• An inherent inclination to closely follow rules and procedures.
• Fit easily into a young, energetic, hardworking, demanding and team orientated environment.
• Good communication.