Head of Compliance (Prescient Fund Services)

About Us
What We Offer
Funds
News & Resources
Contact

Invest Now Login

About Us

About Prescient
Our People
Prescient Foundation

What We Offer

Overview
Investment Management
Stockbroking
Platform & Administration Services
Structured Product Advisory
Retirement Solutions

Funds

Funds Overview
Money Market
Income
Bonds
Multi-Asset
Equity
Offshore Funds
Exchange Traded Funds
Other Funds

News & Resources

Unit Prices
Minimum Disclosure Documents
Forms
Resources & Documents
Prescient in the News

About Us

About Prescient
Our People
Prescient Foundation

What We Offer

Overview
Investment Management
Stockbroking
Platform & Administration Services
Structured Product Advisory
Retirement Solutions

Funds

Funds Overview
Money Market
Income
Bonds
Multi-Asset
Equity
Offshore Funds
Exchange Traded Funds
Other Funds

News & Resources

Unit Prices
Minimum Disclosure Documents
Forms
Resources & Documents
Prescient in the News

Contact

Invest Now

Vacancies

Head of Compliance (Prescient Fund Services)

Location

Westlake, Cape Town

Business Unit

Prescient Fund Services

Apply Now

The Head of Compliance will lead the compliance function for PFS Group in South Africa, including Prescient Management Company (MANCO), ensuring adherence to all applicable South African regulatory frameworks, including the Collective Investment Schemes Control Act (CISCA), Financial Advisory and Intermediary Services Act (FAIS), Financial Intelligence Centre Act (FICA), Protection of Personal Information Act (POPIA), and other regulatory requirements applicable to the PFS Group (SA). This individual will ensure that the company maintains its regulatory licences, promotes a culture of compliance, and proactively manages regulatory risk.

Duties & Responsibilities

People Management

Lead and manage the MANCO and PFS compliance and risk team.
Oversee recruitment, performance evaluation process, and retention strategies in collaboration with the CEO. Assist in the evaluation of staff performance on a regular basis, informally and during formal reviews and provide effective performance feedback to staff.
Enhance and establish processes that promote a healthy team culture and supportive of a client centric work environment. Build a team culture focused on accountability, ownership, and service excellence.
Uphold and reinforce company culture, values, and vision through leadership.
Report to the MANCO and PFS Exco/Management committees and Audit and Risk committee.
Member of Prescient Group Compliance Committee.

Design and ensure implementation of the annual compliance monitoring plan covering compliance with CISCA, JSE Debt and Specialist Securities Listing Requirements, FAIS, Pension Funds Act (including S13B), FICA and POPIA.

MANCO Oversight

Manage relationship with Trustees and various reporting requirements to Trustees.
Ensure ongoing oversite of third-party investment managers and service providers to ensure they meet fit and proper standards.
Implementation and ongoing compliance with the New Conduct Standard for CIS Managers and any new regulatory frameworks and requirements.
Responsibility for compliance with the requirements of Regulation 28 and CISCA etc. Responsibility includes monitoring compliance, documenting findings and reporting findings to management.
Assisting with ASISA & FSCA quarterly reporting.
Liaising with the Regulator for new fund applications.
Review of hedge fund risk reporting and monitoring in terms BN52 performed by the MANCO risk specialist.
Oversight of ongoing compliance of JSE listing requirements for the Prescient ETF Scheme.

Oversight of Investment Compliance Monitoring which will require knowledge of:

Collective Investment Schemes Act: Board Notice 90 of 2014, Board Notice 92 of 2014, Board Notice 257 of 2013 (foreign collective investment due diligence), Board Notice 52 of 2015 Hedge Funds.
Pension Fund Act: Regulation 28.
Medical Schemes Act: Regulation 30.
Long Term Insurance Act: Regulation 2.2.
UCITS.
ASISA Standards & Guidelines.

FAIS oversight for PFS Group

Oversight of the PFS (and related entities) FAIS compliance officer.
Oversight of FAIS monitoring and planning for Prescient Fund Services.

S13B oversight

Oversight of Prescient Fund Administrations compliance with the requirements of S13B of the Pension Funds Act.

Retirement Funds

Oversight of the Prescient Retirement Funds compliance with the Pension Funds Act.

Risk Management

Identify compliance-related risks and work with risk management teams to mitigate them.
Coordinate with internal audit, legal, and risk functions to ensure a unified approach to governance.

General

Update, review and implement policies.
Monitor changes in legislation and communicate impacts to the business.
Provide compliance training where required.
Responsibility for liaison with Regulators, fostering a good working relationship.
Adhoc tasks as required.

Required Experience

A minimum of 8 - 10 years compliance experience gained in the MANCO / Asset Management / Fund Services environment.
Sound understanding and exposure to the various applicable legislations including, but not limited to, CISCA, Reg 28, FAIS, POPIA, Long Term Insurance Act, UCITS, JSE requirements, FICA and Medical Schemes Act.
Hedge fund knowledge specifically BN52.

Required Qualifications

Relevant tertiary qualification.
Certificate in Compliance Management would be an advantage.

KEY COMPETENCIES

Highly organised with excellent time management.
Able to work well in a team environment and keen to develop those around them.
Highly collaborative.
Positive team player.
Accuracy and attention to detail are of the utmost importance.
Self-starter who is self-driven and self-directed.
Strong work ethic.
Honesty and integrity.

WHY THIS ROLE?

This is a fantastic opportunity to apply your compliance knowledge and play a key role leading the Prescient Fund Services Groups South African compliance team. A great learning opportunity with excellent challenge and opportunity.

INTERESTED?

APPLY NOW

Vacancy Applications

Full Name *

Email *

Contact Number *

Nationality

South African Other

Upload your CV and Academic Transcript

Consent for storing submitted data *

You understand and accept that, by applying for this role, you authorise Prescient to obtain your personal information and utilise said information for recruitment purposes for this role.

PRESCIENT GLOBAL

WE ARE A MULTINATIONAL BUSINESS.

Select your country location

South Africa

South Africa
China
Ireland

Enquiries

+27 21 700 3600

Please note

Prescient only conducts financial services with clients via formal processes and communication channels. Note that Prescient does not sell or advertise or solicit any business or investment opportunities via soft channels such as WhatsApp, Facebook, Instagram or Text Messaging.

Please be cautious of individuals fraudulently attempting to solicit business or investments by impersonating or claiming to be an associate or representative of Prescient, who are selling or advertising investment opportunities. Please ensure to contact Prescient directly in the event of someone soliciting or attempting to solicit investments from you.

Notice to Visitors ( )

This website is not intended or permitted to be accessed or used by you if you are prohibited from doing so under the applicable laws and regulations of your country of residence and/or the country in which you are viewing this website.

The content contained in this website is for information purposes only and does not constitute an offer or an invitation to subscribe or make use of any service or investment by a person, whether natural or legal, which is resident or situated in any jurisdiction where such offer or invitation would be unlawful, or in any jurisdiction in which Prescient Holdings, including all of its subsidiaries and associates ("Prescient"), is not qualified to make such offer or invitation, or to persons to whom it would be unlawful to make such offer or invitation.

By clicking "I AGREE" below, you consent to the terms and conditions above and you confirm and agree that:.

you are not a person prohibited under the laws of your country from accessing the information on the investment products and services referred to herein;
by accessing this website you will not contravene or cause Prescient to contravene any law that seeks to regulate the promotion of financial products either in the country of your residence or in the country in which you are viewing this website;
and any investment which you may place with or through Prescient is based solely on your own enquiry and initiative and is not due to any offer or solicitation by Prescient.

Cancel Agree

Please enter to search or esc to cancel

SUGGESTED TERMS