Purpose of the Role
An exciting opportunity exists for a JSE Risk and Compliance Officer to join a highly rated Stockbroking team. Reporting directly to the COO, this role is responsible for ensuring compliance with applicable legislation, including JSE and A2X Exchange Rules & Directives, and assisting the Board in adhering to internal policies and procedures.
This is a critical position in the Risk and Compliance arena, ideal for a compliance professional with in-depth stockbroking experience and strong technical understanding of financial markets.
Requirements (Essential)
- JSE Exams: JSE Equities Compliance Officer and JSE Derivatives Compliance Officer exams
- SAIFM RPE Exams: Completion of exams including:
- Introduction to Financial Markets
- Regulations and Ethics of the South African Financial Markets
- The Bond Market
- The Derivative Market
Duties and Responsibilities
Regulatory Compliance & Monitoring (JSE / A2X Exchange)
- Real-time monitoring of trading activity across all asset classes
- Monitor daily CAPAD trading limits and monthly submissions to JSE and A2X
- Onboarding/offboarding of trading and back-office system access
- Daily checks for misdeals, allocations, and risk events
- Conduct compliance and AML reviews
- Interpret and communicate JSE market notices
- Ensure all internal and regulatory reporting obligations are met
Stakeholder Engagement & Risk Management
- Build relationships with Exchanges, Regulators, and governance stakeholders
- Work closely with Group legal, risk, and compliance teams
- Embed a culture of compliance across business units
- Coordinate regulatory engagements and site visits
- Report to Board and Exco on compliance, risk, and regulatory matters
- Analyse breach causes and recommend preventative measures
- Participate in BCP testing
- Provide ad hoc Board support
Policy & Process Management
- Assist in risk mitigation strategy development
- Maintain and align policies with regulations
- Review and approve client/supplier accounts for FICA compliance
- Participate in regulatory audits and engagements
- Enhance and document compliance frameworks and business processes
Regulatory Awareness & Training
- Stay updated on regulatory changes and advise on implementation
- Conduct internal compliance training
- Ensure FAIS Fit & Proper adherence
- Maintain and communicate relevant policy updates
Required Experience
- Approx. 7 years in a similar stockbroking compliance role
- Sound understanding of financial instruments, including Fixed Income and Derivatives
- Experience in local and international stockbroking operations and settlements
- Strong Excel and MS Office proficiency
- Deep knowledge of FICA and KYC for local and international entities
Required Qualifications
- JSE Equity Compliance Officer exam
- JSE Derivatives Compliance Officer exam
Preference for completion of or registration in:
- SAIFM Introduction to Financial Markets RPE
- SAIFM Regulation and Ethics RPE
- SAIFM Bond Market RPE
- SAIFM Derivative Market RPE
- BCom, BCompt / equivalent advantageous
Key Competencies
- Analytical: Gathers and processes data to develop effective processes
- Problem Solving: Identifies and resolves issues effectively
- Strong interpersonal and communication skills
- Team player: Welcomes feedback and contributes to team spirit
- Deadline driven and able to work under pressure
- Quality-focused: Accuracy, continuous improvement, and performance enhancement
