Job Description

Introduction

Through 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

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Implement the compliance strategy aligned to the compliance monitoring plan to assist the Momentum Insure business in honoring their responsibility to comply with applicable regulatory requirements through directing the compliance function through identification, assessing, managing, monitoring and report on regulatory compliance risks facing the organisation.

The position shall further provide assurance that company policies and procedures are being complied with and that the organisation meets the regulatory and company's own standards and ensure that compliance support is aligned to business strategy.

Requirements

Experience and Qualifications

Qualifications:



LLB, Legal or Compliance qualification.
Successfully passed the Key Individual Regulatory Examination 1 as required by the FSCA for Licensed Compliance Officers
Phase I Approved - Category I FAIS Licensed Compliance Officer would be advantageous
Post Graduate Diploma in Compliance Management would be advantageous
Risk Qualifications will also be an advantage


Experience



At least 5 years' Compliance experience in the financial services industry
2nd line compliance experience
Prudential Authority (Regulatory Applications and submissions)
Knowledge and understanding of the Insurance Act


Experience that will be advantageous:



Combined assurance planning and execution
1st line compliance experience
Regulatory Complaints Handling

Duties & Responsibilities

Implement and manage an effective compliance program through the development and management of risk and compliance plans.
Develop and review company policies including effective implementation of policies and guidelines
Advise management on the company's compliance with laws and regulations through detailed reports.
Create and manage effective action plans in response to audit discoveries and compliance violations.
Regularly audit company procedures, practices, and documents to identify possible weaknesses or risks.
Tracking and monitoring of key risk indicators, controls and action plans.
Assess company operations to determine compliance risk.
Conduct research on compliance related topics
Develop training materials and assist with training to ensure all employees are educated on the latest regulations and processes.
Assist in compiling risk and compliance reports
Collaborate with other leaders on cross-functional initiatives that focus on the mitigation of compliance risks.
Work with external partners such as Internal Audit to endure the effectiveness of the compliance function
Assist in innovate the Compliance program and function and identify improvements to existing processes and plans.
Provide guidance to business and assist with implementation of compliance policies and projects.
Drafting and compiling regulatory submissions.

Competencies

Excellent organisational and administrative skills
Excellent communication skills (verbal and written)
Report writing skills
Accountable, takes Ownership and Responsibility
Attention to detail
Negotiation skills and Problem-solving ability
Strong People skills
Ability to work independently and in a team environment
Analytical thinker with investigative instinct
Self-disciplined and self-motivated
Stress Tolerance, tenacity and Resilience
Professional approach
Assertive and tactful with the ability to handle conflict
* Results driven