Compliance Officer (Prescient Securities), Cape Town

Compliance Officer (Prescient Securities) Reporting line: Chief Financial, Risk and Compliance Officer.

Reporting to the Chief Financial, Risk and Compliance Officer, this regulatory compliance role covers a number of compliance requirements including FAIS, FICA, AML, JSE and A2X. The role also involves assisting the Board in ensuring adherence to internal policies and procedures while maintaining a strong compliance culture within the business. A strong understanding of stockbroking operations and knowledge of FAIS, FICA and AML/CFT requirements is essential.

Duties&Responsibilities Regulatory Compliance, AML&Monitoring

Conduct real‑time monitoring of trading activity across all asset classes to ensure compliance, detect irregularities, and manage risks.

Monitor daily CAPAD trading limits and submit monthly reports to JSE and A2X.

Conduct ongoing compliance and AML reviews in line with regulatory requirements and the company’s compliance program.

Oversee access controls for trading and back‑office systems to ensure compliance.

Perform daily compliance checks to identify misdeals, outstanding allocations, incorrect journal entries, and faulty payments, escalating exceptions as required.

Analyse root causes of compliance breaches and recommend corrective actions.

Prepare and submit all FAIS regulatory reports within the required timelines.

Ensure reporting obligations, both internal and regulatory, are conducted within required timelines.

Manage and coordinate the regulatory and compliance training register, ensuring all regulatory training requirements are tracked, reported and adhered to.

Provide guidance and support to internal business units on FAIS, FICA and other relevant regulations.

Report on compliance matters, business risks and regulatory updates to the Board and Executive Committee.

Build and maintain strong working relationships with regulators and other key governance stakeholders.

Assist in the development and implementation of risk‑mitigation strategies to ensure adherence to financial laws and best practices.

Escalate non‑compliance issues and manage all incident reporting to the Board and Exco.

Provide ad hoc assistance and support to the Board as required.

Manage counterparty due diligence processes, including responding to requests, coordinating internal stakeholders and ensuring information aligns with regulatory and internal standards.

Represent PSec at compliance committees as required.

Policy&Process Management

Ensure company policies and procedures remain up to date and aligned with regulatory requirements.

Review client and supplier accounts to ensure FICA compliance.

Participate in regulatory audits and liaise with regulators as needed.

Maintain and enhance business processes to strengthen compliance frameworks.

Contribute to process improvements and development of data‑driven reporting.

Participate in Business Continuity Planning (BCP) testing as required.

Regulatory Awareness&Training

Stay abreast of changes in legislation and assess their impact on business operations.

Provide insights on upcoming regulatory changes and recommend effective implementation strategies.

Conduct internal compliance training to foster a strong compliance culture within the organization.

Ensure employees adhere to FAIS Fit&Proper requirements.

Required Experience

5 years’ experience in a similar role in stockbroking with exposure to the full compliance function.

Strong knowledge of FAIS, FICA, POCA and other relevant financial regulations.

Strong expertise in stockbroking operations, including local and international settlements.

Experience monitoring FAIS compliance, including Fit&Proper requirements.

Proficiency in MS Office (Excel essential).

In‑depth knowledge of FICA and KYC documentation requirements for domestic and international entities.

Required Qualifications BCom, B.Compt, BSc, LLB, FRM or an equivalent qualification is essential.

Preference for completion of or registration to complete the following SAIFM exams:

JSE Equity Compliance Officer exam.

SAIFM Introduction to financial markets RPE.

SAIFM Regulation and Ethics RPE.

SAIFM Bond Market RPE.

BCom, BCompt / equivalent is advantageous.

Key Competencies

Analytical– collects, researches and processes data and information to develop effective processes.

Problem solving, proactive and curious– identifies and resolves problems in a timely manner and provides solutions.

Balances attention to detail with broader risk awareness.

Strong verbal and written communication skills.

Positive team player with strong communication and stakeholder engagement skills.

Balances team and individual responsibilities; values feedback and builds team spirit.

Deadline driven– meets deadlines and works well under pressure.

Quality management– promotes and demonstrates quality and accuracy and applies feedback to improve performance.

Why This Role? This is an excellent opportunity to gain exposure to a leading stockbroking environment and build a career in risk and compliance. You’ll be part of a team evolving toward a more data‑driven, forward‑looking approach to risk management and compliance.

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