Lerato Precious Ramoshu
Senior Investment Compliance Specialist
Krugersdorp
Summary
Experienced with regulatory compliance and risk management. Utilizes analytical thinking to identify and address potential compliance issues. Track record of effective policy implementation and stakeholder communication.
Compliance professional with extensive experience in regulatory adherence and risk assessment. Adept at fostering collaborative environments and driving compliance initiatives. Known for flexibility and reliability in dynamic settings, leveraging analytical skills and attention to detail.
Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
18
18
years of professional experience
Work History
Senior Investment Compliance Specialist
Momentum Investments
07.2019 - Current
- To provide assurance on the level of investment compliance within Momentum Investments.
- Ensure the accuracy and completeness of the Investment Compliance Requirement Universe. To achieve this, all relevant investment limitations applicable (new and/or amended) must be identified; appropriately classified and risk rated; documented; properly linked to the relevant client account(s); and appropriately maintained on the various compliance systems employed by Momentum Investments.
- Draft and finalise critical Compliance policies
- Contribute to the review of all critical Investment Compliance policies on an annual basis, maintain the Investment Compliance Policy Register.
- Participate in the review and/or development of an appropriate Investment Compliance Monitoring Plan in order to ensure completeness and accuracy.
- Maintain Investment Compliance rules for all relevant investment limitations (regulatory and mandate) applicable on a post-trade and pre trade basis, where appropriate and practical.
- Participate in the review and/or development of an appropriate Investment Compliance Monitoring Plan in order to ensure completeness and accuracy.
- Pre-Trade and Post Trade compliance monitoring on Momentum Collective Investments portfolios as well as Segregated mandates on relevant South African Africa Regulations and mandate constraints where applicable.
- Contribute to implementing and maintaining, where appropriate the regulatory compliance breach management and follow-up process which will at a minimum address the identification, analysis and resolution processes to be followed as well as the escalation procedures.
- Ensure that the reporting of compliance activities and instances of non-compliance, both internal and external, are relevant, complete, accurate and to the point, and submitted on time.
- Ensure the appropriate oversight function in respect of any activities outsourced, and/or in respect of any independent investment compliance function(s) performed by any legal entities within Momentum Investments.
- Responsible for regular interaction with internal and external stakeholders as well as the wider compliance community within the MMI Group. Stakeholders include, amongst others, the following: Regulators, Supervisors, Industry bodies, Internal & External Audit, Clients, etc.
- Contribute to the initiation and/or participate in the appropriate implementation of critical statutory projects relevant to Investment Compliance.
- Be a subject matter expert in respect of the interpretation and application of prescribed investment limitations in the following areas: Insurance Act, Collective Investment Scheme Control Act (Board Notice 90), Pension Funds Act (Regulation 28), Collective Investments Schemes Act, Internal limits, and Client Mandatory Limits, any other appropriate Legislation, ASISA Codes, Standards and Guidelines.
- Interact with officials within as well as outside of the organisation ranging from Board of Directors and executive level to clerical level.
- To provide support services to all relevant stakeholders within Momentum Investments (value add).
- Initiate, communicate and/or provide appropriate awareness and training, including informing the business of new investment compliance requirement developments, providing guidance on the potential impact thereof on Momentum Investments, and to identify compliance risks/weaknesses in general for which the business should consider additional mitigating action, or processes and/or procedures.
- Initiate and/or provide professional advice and guidance to business as may be required/requested from time to time.
- Participate in and/or contribute to the provision of appropriate support in respect of all projects initiated by the business which requires compliance's input, to ensure successful implementation thereof.
- Draft memorandums for proposed Investments to assess applicability of relevant Legislations
- Submission of regulatory reports to the regulator (FSCA) and internal board, risk and business.
- Represent Investment Compliance at business meetings
- Assist with external and internal audits
- Ensured compliance with regulatory requirements through detailed audits and assessments.
Compliance Officer
Absa Wealth, Investment Management and Insurance
12.2017 - 06.2019
- Participate in various Absa committees and provide guidance from a compliance perspective.
- Represent compliance at business meetings and ensure that the management and staff understand the effect of regulatory change on their respective business units.
- Review all the existing compliance controls for the current businesses to ensure that current controls address all current regulatory and Absa Group policy requirements.
- Participate in the Compliance approval of New or Review Product Approvals (NPA's).
- Facilitate and compile the submission of any Compliance Officer Reports and other regulatory reports related to allocated regulatory requirements including reviews in support thereof.
- Provide relevant, accurate and updated information on request or in terms of agreed timelines to be included in various stakeholder reports such as the BU Management Committee Meetings, Control Review Committee, Executive and Board Meetings.
- Report writing for different forums, Board Meetings, Control Review Committee, Exco.
- Provide guidance and be involved in Conduct and Reputational Risk matters
- Act as the 2nd line of defence by independently reviewing and challenging of business unit risk appetite, underlying limits and profiles
- Take responsibility for the management of regulatory relationships for Risk and overseeing delivery of commitments
- Establish and operate proper governance
- Participate in check and challenge sessions to establish the business units risk appetite
- Monitor the performance of the 1st line against limits and constraints
- Presentation of Compliance Reports at various forums.
- Do research on requests from business to provide guidance.
- Participate in Binder Review sessions on the LISP business.
- Respond to Compliance queries from business.
- Sign off on Business Unit Marketing Material.
- Conduct and submit new FAIS license applications with the FSCA.
- Review and approval of mandate and provide approval from Compliance.
- Review and sign of any contractual agreements with the business.
- Training of the business on regulatory changes and policies.
- Conduct 2nd line of defence Compliance Monitoring.
- Conduct Business Units’ Compliance Regulatory Assessments looking at the regulatory universe, policies, inherent risks, etc.
- Exposure and knowledge to the FAIS Act, PPR, LTI Act.
Specialist Due Diligence
Absa Asset Management
03.2017 - 12.2017
- Completion and submission of due diligence questionnaires and tender documents for new business.
- Show an understanding of the Absa Asset Management Investment philosophy and process, with the ability to articulate it in a clear marketable manner.
- Maintain detailed records of Company information – Operational and Investment processes included.
- Keep computer databases and written documentation updated to reflect current processes and changes to existing processes.
- Work closely with Risk, Compliance and legal teams regarding applicable industry regulations and laws impacting business and processes. Review company advertising, product or service communications, personnel policies, notices and disclosures for compliance.
- Managing the delivery of a due diligence reporting with external industry consultants.
- Proactively build good relationships with external specialists/ third party service providers and industry investment consultants.
- Actively engage with Institutional and Retail distribution team to understand their requirements to better support their teams.
- Ensure consistent professional messaging to all existing and potential clients of the business, with the responsibility for the messaging in ABAM slide presentations that are given to clients, and the compilation of the information that goes into the presentations, such that the message is one of a single philosophy even amongst the different franchises.
- Ensure seamless investment philosophy message on all ABAM slide presentations.
- Work closely with the Head of ABAM (Absa Asset Management) to ensure consistency within the team communications.
- Work closely with WIMI Marketing to ensure all marketing material represents Absa Asset Management competitively.
- Assist investment team and Head of ABAM in all marketing and investment related presentations ensuring consistency. - Work in consultation with IC communication specialist in ensuring seamless messaging.
- Ensure continuous engagement with ABAM Portfolio Managers to deliver accurate, consistent and relevant ABAM information at all times and to serve internal business growth needs.
Investment Specialist
Absa Investments Management Services (LISP)
01.2014 - 02.2017
- Analyse the qualitative and qualitative information submitted and make a decision whether the fund may be loaded onto the LISP platform
- Source the quantitative fund data, such as performance and attribution figures and asset allocation statistics
- Participate in Due Diligence of Asset Managers
- Analyse data from various perspectives in order to compile a recommended list of funds
- Compile different levels of reporting depending on the target audience needs
- Compile reports for integration into EXCO report
- Provide a recommended list of Absa approved funds to the target audience to present a guideline of funds to advise clients to invest in
- Decide on funds or products to be made available on LISP platform
- Develop and present the report on the outcome of the qualitative and quantitative assessment on the funds to the internal Absa Forum
- Present the final report on the outcome of the qualitative and quantitative assessment on the funds to forums
- Facilitate the implementation of the final report on the outcome of the qualitative and quantitative assessment on the funds
- Ensure that Service Level Agreement (SLA) have been signed by both the LISP and the third party
- Monitor and enforce business targets set out in the SLA with third party business partner
- Address key business issues related to LISP as identified by consultants, advisors and LISP management
- Provide feedback on business initiatives and project updates
- Manage ad hoc requests from consultants, advisors and regional leaders
- Identify and utilise the appropriate information source needed to resolve the query
- Analyse the quantitative and the qualitative data
- Utilising the technical knowledge, analyse the information and present this in an understandable manner to the end user
- Manage any feedback received with regards to the technical support provided
- Provide the advisor with the Client Positioning Report that provides the advisor with the clients' overall positioning with regards to asset allocation positioning
- Draft communication on behalf of the LISP business partners regarding the initiatives, projects and changes within the business environment
- Manage the roll out of initiatives and projects that go live in terms of communication, training and any other feedback.
Portfolio Analyst
Absa Multi Management
10.2010 - 01.2014
- Follow up on pricing queries identified by Portfolio Managers.
- Escalate unresolved pricing and fund performance queries to the Portfolio Managers.
- Collect and check portfolio information for correctness and accuracy.
- Forward pricing and performance and attribution queries to internal/external Asset Managers and data providers for resolving.
- Calculate investment performance and provide reasons for differences.
- Maintain sound working relationships with all undelying managers.
- Ensure that all underlying Fund Managers are paid on a monthly basis (Management of Fees).
- Collect all portfolio pricing and performance data from underlying Asset Managers, Administrators and data providers.
- Update databases and spreadsheets with information.
- Forward the updated spreadsheets to the Portfolio Managers.
- Maintain the structure of the Portfolio Management electronic database based on the requirements of the Portfolio Management function.
- Update fund and portfolio fact sheets (fund performance, dividend distribution, inflows & outflows, interest rate trends, etc.) including performance asset allocation and expense ratios.
- Liase with Portfolio Manager on changes to the portfolios.
- Submit fact sheets to Portfolio Managers for verification and approval.
- Compile the pack for Investment Governance Strategy Meetings.
- Maintain the corporate image elements of the Fund fact sheets.
- Insure Compliance of all Multi Management Funds in relation to Regulation 28.
- Assist with the analysis of undelying funds.
- Preparing and distribution of Multi Management’s communication internally.
- Generate and present monthly risk and performance attribution for Absa Multi Managed Equity Fund.
- Analysis and presentation of the business flows (Business Development stats)
- Conduct research on the latest financial and markets information for the Head of Multi Management.
- Participate in manager due delligence meetings.
- Management of the Absa Life Multi Managed Balanced Fund and Portfolio Management support.
- Participate in decisions regarding manager selection and portfolio construction.
- Quantitative modelling as and when required
- Rebalancing of portfolio back to target allocations on a regular basis.
- Communicate any portfolio manager changes to Absa Asset Consultants
- Providing Quarterly commentary for fact sheets and distribution to Absa Asset Consultants.
- Opening up accounts with the underlying managers when necessary for all portfolios
- Assisting with compliance of the portfolios such as completing the IFRS documentation.
- Putting the Investment Governance Strategy Meeting presentation together.
Employee Benefits Consultant
Absa Consultants and Actuaries
08.2009 - 10.2010
- Preparation trustee packs.
- Attend Trustee meetings Trustees.
- Prepare minutes during the trustee and employer meetings.
- Finalise and distribute minutes within two weeks after the meeting.
- Monitor and action of matters arising from the minutes.
- Compile, implement, monitor and maintain fund and rule amendments as prescribed in the internal processes, in Compliance with relevant legislation (i.e. Pension Fund Act, Income Tax Act).
- Request and review financial statements, bonus declaration and valuation reports received from actuaries, financial manager etc to ensure timeous signing and submission to management committees and board of trustees.
- Network both internally (i.e. Actuaries, Administration and internal Support Department) and external (i.e. Clients) to
- Ensure optimal functioning and development of the client base.
- Provide excellent service to both internal and external clients by ensuring that queries are dealt with timeously.
Senior Investments Withdrawals Administrator
Stanlib Wealth Management Limited (LISP)
02.2008 - 07.2009
Education
Module of The RPE - The Regulation And Ethics
South African Institute of Financial Markets:SAIFM
11-2026
JSE Compliance Officer Exam -
South African Institute of Financial Markets:SAIFM
12.2024
PGDip Legal Principles Compliance -
University of Johannesburg
12.2022
Certificate in Board Governance -
University of Johannesburg
01.2021
Certificate in Compliance Management -
University of Johannesburg
12.2019
Investments Analysis And Portfolio Management -
UNISA
12.2014
Certificate in Money Laundering Control -
University of Johannesburg
12.2008
Bcom Financial Management -
University of Johannesburg
12.2008
Skills
- Compliance oversight
- Information gathering
- Compliance
- Reporting skills
- Due diligence
- Compliance reporting
- Data analysis
- Powerpoint presentations
Policy development
System Knowledge of: MS Word, MS excel, MS PowerPoint, I-net, Morning Star direct, Moonfire (regulation 28), Barra Portfolio Manager, NeoXam Compliance and Manager (Compliance Systems)
References
Available on request.
Regulatory Exams
RE 1, RE 3, RE 4 and RE 5
Timeline
Senior Investment Compliance Specialist
Momentum Investments
07.2019 - Current
Compliance Officer
Absa Wealth, Investment Management and Insurance
12.2017 - 06.2019
Specialist Due Diligence
Absa Asset Management
03.2017 - 12.2017
Investment Specialist
Absa Investments Management Services (LISP)
01.2014 - 02.2017
Portfolio Analyst
Absa Multi Management
10.2010 - 01.2014
Employee Benefits Consultant
Absa Consultants and Actuaries
08.2009 - 10.2010
Senior Investments Withdrawals Administrator
Stanlib Wealth Management Limited (LISP)
02.2008 - 07.2009
Module of The RPE - The Regulation And Ethics
South African Institute of Financial Markets:SAIFM
JSE Compliance Officer Exam -
South African Institute of Financial Markets:SAIFM
PGDip Legal Principles Compliance -
University of Johannesburg
Certificate in Board Governance -
University of Johannesburg
Certificate in Compliance Management -
University of Johannesburg
Investments Analysis And Portfolio Management -
UNISA
Certificate in Money Laundering Control -
University of Johannesburg
Bcom Financial Management -
University of Johannesburg