Shamina Moodley
Finance, Compliance, Operations, Director
Sandton
Summary
Personal Profile I am an energetic, trustworthy, loyal, collaborative and resourceful individual with a can do it attitude. I always look for opportunity to learn, grow and develop myself to be an asset to the company and its people. I always take initiative and look at challenges as a stepping stone to a better long term overall solution. Always looking at ways to improve productivity and making work processes simpler and better. Believes in open and honest communication, integrity, accountability and ownership driven.
I have gained 23 years’ experience in the Financial Services Sector environment in multiple roles in the financial and compliance field including 5 years as an executive director. I started my career serving 2 and a half years articles in a medium size Chartered Accounting firm. I spent 5 years in the Asset Management industry and 14 years’ experience in the stockbroking/ financial services industry. Although most of my career has been in the financial services field I am willing to use my skills and knowledge in other industries.
Overview
23
23
years of professional experience
Work History
Head of Compliance
Vunani Securities (Pty) Ltd
Sandton
03.2008 - 04.2019
- Assist the board of directors in ensuring compliance by Vunani Securities with the various applicable acts, rules and directives
- Implement the resources, systems and procedures to promote and monitor compliance by Vunani Securities and its employees with the Act, rules and directives
- Ensure that the contents of the JSE Gazettes is communicated to and understood by the relevant employees
- Ensure that the personal staff account trading policy is complied with by all employees
- Ensure that the Vunani Securities has a surplus capital position on a daily basis and report to Surveillance with reasons for deficits
- Submit the monthly Financial Resource Requirements on the JSE’s portal
- Review the JSE risk report daily
- Ensure that employees comply with the internal rules for FICA compliance and Anti Money Laundering Policy
- Ensure that on the job training is done and setup annual training by a compliance consulting company
- Review the daily changes to clients’ accounts and new account openings
- Review the Unverified client list and ensure that staff are following up with clients on a regular basis
- Compile and review the company's risk register together with the Heads of Divisions and CEO and ensure that risks are mitigated and are aligned with strategy of the company and the group
- Ensure management and staff are updated on changes in legislation and changes in the regulatory environment of financial markets
- Ensure company has policies and procedures in place and are being adhered to with management
- Ensure that business continuity and disaster recovery plans are in place
- Compile and review the company's risk register together with the heads of divisions and CEO and ensure that risks are mitigated and are aligned with strategy of the company and the group
- Relationship management with service providers (CSP, CSDP, Investec, JSE, IRESS etc.)
- Ensure compliance (together with management) with the JSE Stockbroker Enterprise Development Programme and ASISA Stockbroker development programme.
Director
Vunani Securities, Vunani Capital Markets
Sandton
08.2013 - 04.2019
- Together with the board of directors primarily responsible for:
- Determining the company’s strategic objectives and policies;
- Monitoring progress towards achieving the objectives and policies;
- Managing risk and ensuring that strategy and risk appetite are aligned;
- Accounting for the company’s activities to relevant parties, e.g shareholders.
Head of Finance
Vunani Securities
Sandton
03.2008 - 08.2012
- Responsible for daily and monthly financial reporting
- Compile the management and financial reports on a monthly basis
- Manage general ledger integrity
- Review and sign off of creditor payments
- Prepare, Analyse variance between actual and budget
- Review fixed assets and related depreciation periodically
- Ensure terms of brokerage sharing agreements are adhered to and accounted for appropriately
- Review debtors and creditors analysis
- Income and expenses analysis, cost reduction strategies
- BEE Audit process
- Proactive management of BEE status
- External and Internal audit process
- Preparation of Securities Consolidation Reports
- Prepare, review and mitigate risks using Risk Registers
- Liaise with Tax Consultants
- Assist in the preparation of Financials in terms of IFRS
- Streamlined incident reporting processes for more efficient tracking and resolution of potential violations.
- Enhanced internal audit capabilities by creating comprehensive checklists and guidelines.
- Facilitated open lines of communication between departments concerning ongoing regulatory changes and their impact on operations.
- Developed risk mitigation strategies for effective regulatory compliance across the organization.
- Conducted periodic reviews of company policies to ensure alignment with current regulations.
- Spearheaded training initiatives to improve staff understanding of relevant laws, regulations, and best practices.
Trainee Co Sec & Group Risk and Compliance
Vunani Limited Group
Sandton
06.2013 - 06.2015
- Assist the group with aligning various policies and procedures within the various operating subsidiaries
- Assist with ensuring that various subsidiaries prepared and monitored risk registers with mitigating action that needed to be reported into the audit and risk committee
- Prepare and monitor work plans for Group sub-committees (Audit and Risk, Social and Ethics, Board)
- Providing the directors of the company collectively and individually with guidance as to their duties, responsibilities and powers
- Ensuring that minutes of all shareholders' meetings, board meetings and the meetings of any committees of the directors, or of the company’s audit committee, are properly recorded in accordance with the Act
- Ensuring that a copy of the company’s annual financial statements is sent, in accordance with the Act, to every person which is entitled to it
- Ensuring that the board and board committee charters and terms of reference are kept up to date
- Ensuring the proper compilation and timely circulation of board papers and for assisting the chairman of the board and committees with drafting of yearly work plans
- Obtain appropriate responses and feedback to specific agenda items and matters arising from earlier meetings in board and board committee deliberations
- Assisted the board with the evaluation of the board, its individual directors and senior management
Financial Accountant
Nedcor Securities (Pty) Ltd
Sandton
04.2005 - 11.2007
- Nedbank Capital, Treasury Finance & MIS
- Full financial function, run brokerage report daily
- Manage general ledger integrity
- Monitor daily and monthly accounting processes
- Divisional Reporting requirements
- Review daily bank recons
- Compile the management and financial reports on a monthly basis Sign off creditors payments and check creditor batches
- Reconcile profit and loss on trading between sub systems
- Prepare budgets on a quarterly basis
- Prepare month end packs for Nedsec for Group Consolidation
- Allocate fixed assets in the Register
- Ensure Brokerage Sharing agreements are adhered to
- Ensure Inter Company loans are in balance
- Debtors and Creditors analysis
- Liaise with the heads of division
- Liaise with internal and external auditors
- Liaise with front and back office
Head of Client Accounting / Reporting
Stanlib Asset Management (Pty) Ltd
Melrose
12.2000 - 05.2004
- Running of daily Cash report for Fund Management
- Providing training to new staff,
- Ensuring that all corporate action events have been captured on Hiport
- Ensuring that monthly accounts and performances are timeously completed, Drawing up of dividend accrual schedule weekly via market reminders received,
- Ensuring that coupon interest is raised accurately and timeously, updating market prices on Property units/Equities on a monthly basis, updating interest rates
- Updating performance database on a monthly basis once accounts and Performance calculations have been done, Updating & finalising of Contribution/Withdrawal Schedule for LIBAM and Liberty Life, Assisting
- Countersigning scrip recons, bank recons, sundry debtors/creditors
- Recons, Checking and signing of Retirement Fund taxes, running of Quarterly reports for Fund Management Report backs and providing Trustees with Performance figures on a Monthly basis
- In January 2002, merger was announced between Standard Bank Asset Management and Liberty Asset Management
- Part of the project team to integrate processes so that one streamlined process can be obtained for both companies
- Worked on the Electric Liberty account – includes preparation of Income Statement and Balance Sheet using SAP
- Involved in updating procedure manuals and automating the cash sheet, matching, settlements, bank reconciliations, scrip recons, performance calculations, monthly and quarterly reporting.
- Strengthened communication skills through regular interactions with others.
- Passionate about learning and committed to continual improvement.
- Identified issues, analyzed information and provided solutions to problems.
- Cultivated interpersonal skills by building positive relationships with others.
- Proven ability to learn quickly and adapt to new situations.
- Resolved problems, improved operations and provided exceptional service.
- Completed paperwork, recognizing discrepancies and promptly addressing for resolution.
- Learned and adapted quickly to new technology and software applications.
- Self-motivated, with a strong sense of personal responsibility.
- Paid attention to detail while completing assignments.
FUND ADMINISTRATOR
Liberty Asset Management Ltd
Braamfontein
04.1999 - 11.2000
- Supervising 2 Bookkeepers and ensuring that the following are done;
- Accounts & Performance calculations are accurate, Weekly transaction
- Reports are kept up to date, Bank Recon done daily and queries cleared timeously, bookkeepers matching of broker’s notes and settlements are done accurately each day, Market prices at month end are correct,
- Final Bank recons/Derivatives recon/Sundry debtors and creditors recon done at month end, all purchases and sales transactions settled timeously by Bank, All general ledger recons have been done and reviewed
- Year end all year end closing entries processed, Scrip recons for outside Settlement agents done, long outstanding income followed up with Registrars for collection, Client instructions for withdrawal accurately and timeously carried out
- Daily Valuation reports checked and sent to clients
- Effective delegation, supervision and motivation of investment bookkeepers
- Direct liaison with Portfolio Managers, Dealers and External Clients
- Confirming calculations on Management fee invoices for payment
BOOKKEEPER
Liberty Asset Management Ltd
Braamfontein
09.1998 - 03.1999
- Maintaining cash book for 12 Pension/Retirement/Insurance Funds
- Daily recons of bank accounts (Daily retrieval of bank statements from NEDINFORM, CATS, ABSA, CAMS)
- Monthly reporting schedules i.e
- Portfolio valuations and Trial balance, Performance calculations, Income
- Collection (dividends and interest), RSC Levy calculations, Financial Services levy calculations, RFT calculations, Reconciling of general Ledger accounts,
- Compilation of Audit certificates, Daily settlement and matching of brokers’ notes, Preparation of monthly bank recons, sundry debtor and creditor recons and scrip recons
- REASON FOR LEAVING
ARTICLED CLERK
DK Motiram & Co
Mayfair, JHB
05.1996 - 08.1998
- Accounting & Secretarial Services:-
- Maintaining accounting records and initiating accounting entries, Preparing
- Financial statements, analysing financial statements,
- Preparation and review of minutes and resolutions of companies
- Auditing & Tax Services:-
- Preparing and updating of permanent notes, Planning the Audit, Evaluating
- Audit risk, evaluating result of sampling applications, Verifying tax
- Calculations, Completion of Income Tax Returns of individuals and Close
- Corporations
- Liaising with the Receiver of Revenue on tax issues
- REASON FOR LEAVING Financial
Education
B COMM (Accounting) - Accounting III, Managerial Accounting & Financial Management
University of Natal- Durban
Kwa-Zulu NatalMATRIC EXEMPTION CERTIFICATE - undefined
A - undefined
Grade 12 - undefined
Raisethorpe Secondary School
Pietermaritzburg, KwaZulu-NatalSkills
Affiliations
Member of Employment Equity Committee
Member of Social and Ethics Committe
Executive director of Vunani Securities and Vunani Capital Markets
June 2008 JSE Equities Compliance Officer Exams SAIFM (South African Institute of Financial Markets)
February 2012 Stockbroker in Control (Part 1)
Timeline
Director
Vunani Securities, Vunani Capital Markets
08.2013 - 04.2019
Trainee Co Sec & Group Risk and Compliance
Vunani Limited Group
06.2013 - 06.2015
Head of Compliance
Vunani Securities (Pty) Ltd
03.2008 - 04.2019
Head of Finance
Vunani Securities
03.2008 - 08.2012
Financial Accountant
Nedcor Securities (Pty) Ltd
04.2005 - 11.2007
Head of Client Accounting / Reporting
Stanlib Asset Management (Pty) Ltd
12.2000 - 05.2004
FUND ADMINISTRATOR
Liberty Asset Management Ltd
04.1999 - 11.2000
BOOKKEEPER
Liberty Asset Management Ltd
09.1998 - 03.1999
ARTICLED CLERK
DK Motiram & Co
05.1996 - 08.1998
B COMM (Accounting) - Accounting III, Managerial Accounting & Financial Management
University of Natal- Durban
MATRIC EXEMPTION CERTIFICATE - undefined
A - undefined
Grade 12 - undefined
Raisethorpe Secondary School
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