Purpose statement Manage and develop the legal & compliance function
Reports to: Managing Director

Subordinates:
Compliance Managers
Compliance Administrator
Compliance Administrator – Audits

Duties
o People - Provide leadership and direction for division’s compliance team
- Engage financial advisors, colleagues and management in compliance matters to ensure the effective delivery of legal and compliance processes and activities
- Liaise with regulators and other stakeholders
o Processes o Legal
o Manage the division’s legal agreements process (reviews, amendments, updates, vetting, signing and administration of all agreements)
o Draft various types of agreements pertaining to the divisions requirements (e.g. appointment, book-buy, legal debt recovery)
o Manage outsourced contracts with service providers to ensure contracted services are provided as per signed service level agreements
o Compliance
o Oversee and manage FAIS & FICA compliance across the business unit, ensuring that Efficient Wealth and its employees comply with regulatory requirements as well as internal policies and procedures.
o Establish and implement an effective compliance plan, including but not limited to the management of compliance monitoring, risks, risk mitigation strategies, supervision-, Fit & Proper, registers, client complaints and training initiatives, to ensure proper conduct. Implement, monitor and manage this plan as required.
o Maintain, optimise and implement sustainable compliance processes and controls to ensure a continued high level of compliance.
o Together with the compliance team, implement all necessary actions as per the compliance plan to ensure achievement of the compliance plan objectives.
o Continually monitor alignment of compliance management practices with industry relevant regulation and legislation.
o Keep senior management informed of the operation and progress of compliance efforts, but also objectively highlight potential risk areas or compliance breeches.
o Submit statutory compliance returns to relevant Regulatory bodies.
o Responsible for internal reporting on all compliance activities, compliance risks and breaches.
o Stay abreast of legislative developments and implement recommendations as per the Group compliance standards.
o Maintain relationships with the business areas, internal and external audit and other related compliance risk management functions.
o Provide advice, awareness and training to the company and its employees on specific provisions of the applicable Acts and communicate new regulatory requirements and risks via training and communication initiatives.
Job Evaluation Criteria Formal Education
Related Compliance qualification or Legal degree.

Experience:
Minimum of 5 years’ experience in the management, implementation and maintenance of compliance frameworks in the financial services industry, including personnel management.

Critical Competencies Knowledge and Skills
- Detailed and technical knowledge of legislative requirements relating to Compliance in the Financial Services Industry
- Risk management
- Strong command of MS Office
- Management and leadership skills
- Highly organized
- Planning and execution
- Process Driven
- Ability to apply facts to the rules and regulations
- Attention to detail
- Have a practical, flexible and hands-on approach towards your work
- Strong communication, reporting and presentation skills