Job Description

Compliance Officer -Cape TownFull job descriptionIntroductionThrough our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses. Visit us at www.momentummetropolitan.co.za DisclaimerAs an applicant, please verify the legitimacy of this job advert on our company career page. Role PurposeThe role purpose is to assist the Head of Compliance advice, guide and monitor compliance with all legislation relevant to the non-banking financial services industry and pension fund administration environment and report on the level of compliance, compliance results to the respective governance forums. RequirementsQualifications Relevant legal qualificationMember of the Compliance Institute of Southern AfricaC.Prac (advantageous)Risk management (advantageous)RE1RE5 (advantageous)Meet the requirements to be registered with the FSCA and FIC for relevant regulatory roles.Experience Minimum 5 yearsxe2x80x99 experience in an end-to-end compliance function with in dept knowledge of the life insurance (group business), consulting business and pension fund industry.Must have technical understanding of the Insurance Act and Pension Funds Act must have a strong understanding of the Financial Advisory and Intermediary Services Act, Financial Intelligence Centre Act.Skills and attributes Ability to identify compliance risks and make recommendations that are appropriate for the business.Attention to detail and meticulous accuracy is essential.Ability to professionally communicate with various levels of staff and management.Ability to explain technical legal requirements to non-legal persons in plain and understandable language Duties & ResponsibilitiesINTERNAL PROCESS Execute compliance activities based on the Compliance Monitoring Plan in order to provide assurance on the level of regulatory complianceMonitor new regulatory mandates, rules and requirements, ensure that compliance policies are kept up to date and that revisions are disseminated in a timely mannerDesign and implement compliance training and educational programmes; actively participate in management training, including new starter induction programmesProvide advice on compliance with applicable laws and regulations to the business to ensure ongoing adherence and compliance.Assess the possible impact of any regulatory development on the operations of the business and work with the business with regard to complianceConduct compliance monitoring reviews and audits based on audit schedule and ad hoc requirements as required by the Internal Auditor or business leaderReview and monitor completed audits and follow up on any recommendations madeExecute the regulatory compliance breach management and follow-up process in order to address the identification, analysis and resolution processes to be followed as well as the escalation procedures.Provide professional advice and guidance to business regarding compliance matters.Contribute to the initiation of critical statutory projects relevant to the business and monitor the appropriate implementation thereof by the business.Create awareness within business regarding new compliance requirement or provide guidance on potential impact of compliance requirementsSupport the business stakeholders identify compliance risks or weaknesses for which the business should consider additional mitigating action, or processes and/or procedures.Initiate, contribute and prepare the necessary documentation for the submission of business enabling statutory applications to applicable regulatory and industry or supervisory bodiesBuild relationships with internal and external stakeholders as well as the wider compliance community within the MMI Group.Provide input from a compliance perspective and act as trusted advisor in business projects and initiatives.Deliver compliance reports that highlight compliance activities and instances of non-compliance, both internal and external within agreed time frames.Initiate and contribute to the review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.Identify, assess, manage, monitor and report on compliance risks that the company face.Execute compliance activities based on the Risk-based compliance plan in order to provide assurance on the level of regulatory compliance.CLIENT SERVICE Build and maintain relationships with internal and external stakeholdersContribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustmentsDeliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managedMake recommendations to improve client service and fair treatment of clients within area of responsibilityParticipate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client servicePEOPLE Build strong relationships through providing specialist know-how and leadership to others, expressing positive expectations.Continuously develop own expertise in terms of industry and subject matter development and application thereof in an area of specialisation.Positively influence and manage change and offer specialist support where required.Contribute to continuous innovation through the development, sharing and implementation of new ideas and involvement of colleagues and staff.Participate and contribute to a culture of work centric thinking, productivity, service delivery and quality management.Take ownership for driving career developmentFINANCE Contribute to the development of business cases for proposal to decision-making bodies.Identify solutions to enhance cost effectiveness and increase operational efficiency.Implement and provide input into governance processes, systems and legislation within area of specialisation.Escalate unresolved policy and governance compliance issues via appropriate channels for investigation and resolution purposesProvide input into the risk identification processes development and communicate recommendations in the appropriate forum. Competencies Business AcumenClient/Stakeholder CommitmentDrive for ResultsLeads Change and InnovationCollaborationImpact and InfluenceSelf-awareness and InsightDiversity and Inclusiveness

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