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The Role: is based out of Morningstar’s Cape Town office and reports to the Compliance Officer, who is based in Johannesburg. This role is suitable for entry level candidates looking to forge a career in financial services compliance. The role will enable the successful candidate to gain generalist knowledge and experience in the compliance oversight of a well-established discretionary fund manager.
Key Responsibilities: Assisting South African based Compliance Officer by performing certain activities pertaining to the firm and regional, compliance framework. Those activities include but are not limited to:
- Supporting the central Compliance controls team to enable monitoring and testing, policy management, and conflicts of interest;
- Review marketing materials, client presentations and websites to enable compliance with regulatory requirements;
- Assist in the creation and maintenance of files/records required to be compliant with regulatory requirements;
- Assist the Compliance Officer with privacy and data protection tasks including the review of the internal policies and procedures, testing the effectiveness of the controls in place, etc.;
- Maintain and update the compliance calendar of all regulatory filings and reporting;
- Assist in gathering internal information in response to regulatory requests, as directed by the Compliance Officer;
- Perform various general administrative duties such as file creation and maintenance on related compliance projects and initiatives;
- Maintain associated Compliance registers;
- Manage the Supervisory process, including drafting supervision agreements, assisting with supervision reports, etc.
- Assist in the creation and maintenance of client agreements;
- Support the client onboarding processes;
- Conduct due diligence reviews;
- Carry out horizon scanning for regulatory developments applicable to firm activities;
- Carry out monthly investment management mandate reviews; and
- Support the Compliance Officer with any other tasks, initiatives, or projects, as directed.
Requirements:
- Open to graduates with no industry experience. However, industry experience would be desirable.
- Fundamental knowledge of the South African regulatory environment and requirements. Beneficial if the Candidate has experience in both the Financial Intelligence Centre Act and the Financial Advisory Services Act.
- Ability to work independently and as part of a local and regional team.
- Be detail-oriented, motivated and an independent thinker with strong problem solving ability.
- Motivated to complete administrative tasks.
- Confident to engage appropriately with employees at all levels across the organisation.
- Able to work under pressure, multi-task and deliver required output on time.
- Strong verbal and written communication skills, with the ability to communicate information clearly and concisely.
- High level of proficiency in Microsoft Office applications, particularly Excel.
- Knowledge of third-party verification provider systems would be desirable.