Compliance Analyst

The Team: Morningstar Investment Management South Africa (Pty) Ltd (Morningstar) is part of the Morningstar Wealth group, which offers investment advisory services around the world. As an entity licensed with the Financial Sector Conduct Authority, Morningstar has established an investment practice in South Africa to provide research-driven, innovative, and independent investment services to the local market. Morningstar is an equal opportunity employer.
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.

409_MIMSoAfrPtyLtd Morningstar Investment Management South Africa (Pty) Ltd Legal Entity
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.