Objectives

The primary objectives of the tender are to appoint a qualified and experienced Compliance Officer Consultant who will serve as the Head of Compliance (HoC) for KGF Capital (Pty) Ltd. The appointed consultant will ensure the organization maintains compliance with all relevant laws, regulations, and regulatory requirements, thereby enhancing compliance risk management, promoting a culture of ethics and integrity, strengthening corporate governance, and improving the company's reputational outlook.

Scope

The scope of work includes:

• Providing general compliance management for all financial service requirements.
• Reporting deadlines related to financial statements, Continuing Professional Development (CPD), class of business, and other regulatory obligations.
• Reviewing and updating policies and registers, ensuring their relevance and accuracy.
• Managing profile changes, collating and submitting instructions for profile updates.
• Managing the competence register of staff qualifications and ensuring compliance.
• Overseeing the onboarding and exit of representatives, including submission of register changes.
• Monitoring liquidity calculations and financial resources, verifying financial stability monthly.
• Ensuring compliance with goAML requirements and adherence to FIC regulations.
• Documenting and minute-taking all meetings, especially those related to IFX Brokers’ matters.
• Submitting statutory reports such as cash threshold and suspicious transaction reports.
• Reviewing marketing materials for compliance before publication.
• Ensuring compliance with POPIA and other relevant legislation.
• Managing ODP-related compliance matters and understanding applicable regulations.
• Ensuring adherence to various regulatory acts including FAIS, FIAMLA, FMA, POCA, POTA, POPI, and others.
• Maintaining FICA compliance and managing the compliance calendar and document management systems.

The engagement duration is 12 months, with remote and in-office assistance.

Technical Requirements

• Thorough understanding of all regulatory requirements relevant to the financial services sector.
• Ability to provide documentation outlining applicable regulations and demonstrate compliance levels.
• Capability to oversee and ensure timely submission of reports and deadlines.
• Experience in policy review, register management, and compliance documentation.
• Knowledge of financial stability monitoring, liquidity management, and declarations of honesty and integrity.
• Adherence to regulatory requirements for meetings, minute-taking, and statutory reporting.
• Compliance with goAML, POPIA, and other relevant legislation.
• Ability to manage and update compliance systems such as DocMan and other document management tools.

Skills Requirements

• Proven experience in compliance management within the financial services industry, especially FAIS regulation.
• Relevant qualifications in Law, Business Management, or Compliance, with membership in recognized institutes such as the Compliance Institute of Southern Africa.
• Minimum of 6 years of relevant experience in compliance management.
• Ability to interpret and apply complex regulatory acts and legislation.
• Strong documentation, reporting, and communication skills.
• Competence in managing compliance registers, policies, and deadlines.
• Experience in conducting compliance reviews, policy updates, and staff competence assessments.
• Knowledge of financial stability and liquidity management processes.
• Understanding of goAML, FIC, and AML regulations.
• Ability to minute meetings accurately and maintain comprehensive records.
• Proficiency in using compliance management systems and tools.