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MANAGE COMPLIANCEENGAGE WITH RAPIDLY CHANGING FINANCIAL MARKETSONLINE SOLUTIONS THAT REDUCE RISK

Reduce risk and streamline processes with

Plumb Line Risk Alignment

Assessment Hosting Services

We facilitate online assessments for both compliance and product exams in the financial services industry. We handle the full process including testing, results and reporting.

FAIS Exchange: One Platform. All Product Assessments.

The goal of the the FAIS Exchange to is to provide the independent financial adviser with one product assessment platform, which houses all the FSPs’ major product exams.

ABOUT US

Founded in 2001, Plumb Line Risk Alignment was formed to assist financial services businesses with digital operational risk management tools and advisor training, assessment and education.

We offer cost-effective digital solutions to streamline various processes within the industry which greatly reduces risk.

Our vision is based on the principle of the plumb line, a tool used by builders to ensure that their newly-built walls are aligned to the entire structure. Plumb Line equates the corporate world to this building principle. If people and processes – the “bricks” – are not aligned with corporate culture and industry legislation (the building), the structure will be unstable.

Plumb Line reduces the potential for instability by minimising your operational risk. We do this by creating easy-to-access digital platforms that can be accessed remotely by all parties.

OUR TEAM

Plumb Line is made up of a team of experts from the financial services industry with years of collective experience that we combine with tech-savvy insights and digital know-how.

Our team understands what operational risk management entails. Our products and services have been carefully and systematically developed to add value and to streamline compliance and product assessments so as to minimise risk for service providers. We also help train and empower financial advisors.

 

Izak de Wet – Managing Director
Willie Krause – Solutions Architect
Colin Elliot – Project Manager
Jeremy Kerchhoff – Training Program Manager
Andries Krause – Data Analyst and Software Developer
Anton van Deventer – Compliance Partner
Phumzile Kalazani – Client Support
Dawid de Wet – Client Support
Ina Bekker – Client Support
Marcus Harvey – Client Support

FAIS FIT & PROPER MANAGEMENT

The Financial Sector Conduct Authority (FSCA) is the government of South Africa’s financial regulatory agency responsible for the financial services industry in South Africa. It is an independent body that supervises and regulates the financial services industry in the public interest.

As this body strives to raise the bar of professionalism in the financial services industry, there has been a large impact on service providers to ensure their representatives comply with all new (and ever adapting) legislative requirements.

If you are tasked with the responsibility of managing your company’s compliance around Fit and Proper, you will know that managing qualifications and deadlines across categories for multiple users can be tricky. Not to mention all the exemptions, extensions, experience and supervision.

OUTSOURCED ASSESSMENT SERVICES

Key advantages

• Examination software is specialised and requires experienced staff that will be able to periodically assess and adapt the software according to company and industry changes. Recruiting and retaining staff to manage an in-house examination platform can be very costly and finding suitable replacement staff is not easy. Plumb Line provides continuity when it comes to examinations management and has the expertise to adapt software when changes are required.

• Field staff and staff at branches do not always have access to the corporate IT platform, which creates an obstacle to taking their exams. Plumb Line’s outsourced online examination services make it possible for all staff to complete their exams at a time that suits them. All results are exported to the client’s HR system (ORACLE, SAP and People Soft) for record purposes.

• Turnaround time could be a risk when examinations are managed in-house. Plumb Line has a comprehensive service level agreement in place with each client that determines the type, as well as the level of service and turnaround.

• Off-the-shelf examination software products will not provide the optimum solution to all businesses. Plumb Line is able to customise our service offering and end-user experience to meet client specific needs.

FINANCIAL MARKETS SERIES

Our systematically developed Financial Markets training series introduces the fascinating, complex and rapidly changing world of financial markets to both beginner and intermediate advisors, as well as aiding experienced advisors with add-on training resources.

We empower prospective and current financial advisors with commonly encountered terminology, legalities and systems, helping them stay on top of their game.

COLLECTIVE INVESTMENTS

COLLECTIVE INVESTMENTS

Delve into in-depth coverage of an industry that receives widespread publicity, particularly when performance figures are released each quarter.

COLLECTIVE INVESTMENTS: ADMINISTRATION

COLLECTIVE INVESTMENTS: ADMINISTRATION

The primary focus of this module is to introduce the administration process of the collective investment schemes industry in South Africa.

COLLECTIVE INVESTMENTS: COMPLIANCE

COLLECTIVE INVESTMENTS: COMPLIANCE

This module takes an in-depth look into how compliance relates to and regulates the collective investment scheme industry.

COLLECTIVE INVESTMENTS: MARKETING

COLLECTIVE INVESTMENTS: MARKETING

Initial focus is on the regulation and requirements of marketing of collective investment schemes.

MONEY LAUNDERING

MONEY LAUNDERING

The primary focus of the Money Laundering module is to summarise the
development of anti-money laundering legislation in South Africa.

INTEREST-BEARING SECURITIES

INTEREST-BEARING SECURITIES

The Interest-Bearing Securities module offers the learner detailed insight
into the bond market and money market.

INTERNATIONAL INVESTMENTS

INTERNATIONAL INVESTMENTS

The International Investment module introduces the learner to the world
of foreign exchange and international investment.

INVESTMENT PERFORMANCE

INVESTMENT PERFORMANCE

Plumb Line’s Investment Performance module offers the learner a deeper
look into the world of performance calculation and returns.

CUSTODY I

CUSTODY I

This is the first of a two-part module. The first section describes the markets that have developed for the trade of financial assets globally and in South Africa.

CUSTODY II

CUSTODY II

The Custody II module is the second in a series of two modules that deal with the custody function.

DERIVATIVES

DERIVATIVES

The seven-topic module starts with some background on the development of derivatives. The focus then shifts to specific types of derivative instruments.

EQUITIES

EQUITIES

The module comprises of four topics and commences with a review of the financial markets and different types of business ownership.

INTRODUCTION TO FINANCIAL MARKETS

INTRODUCTION TO FINANCIAL MARKETS

The Introduction to Financial Markets module comprises 15 topics introducing
the learner to the fascinating, complex and rapidly changing
world of financial markets.

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