Job Description

Introduction

Join our dynamic team as a Compliance Officer where your expertise will drive adherence to regulatory requirements in the insurance and financial services sectors. We are looking for a detail-oriented and proactive professional who is passionate about compliance and capable of designing and executing compliance activities that protect and enable the business to thrive. If you're a critical thinker with a deep understanding of the regulatory landscape and strong interpersonal skills, we want you to be part of our journey.

Disclaimer

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

Role Purpose

To play a critical role in ensuring that our business operates within the legal frameworks and industry regulations. You will be responsible for implementing a robust compliance strategy and delivering monitoring plans that align with the broader organizational objectives. By fostering strong relationships with internal and external stakeholders, you will not only safeguard the company's legal standing but also contribute to its growth through effective risk management.

Requirements

###

QUALIFICATIONS

:

Essential:

+ Formal qualifications required to be registered as a licensed Compliance Officer with the FSCA.
+ Degree in

Commercial, Risk Management, Audit, Finance, Legal, Business

, or a related field.

Desirable:

+

Post-graduate qualification

in Compliance Management.
+

Legal qualification

(preferred).

Licensing/Registration:

+ Registered as a licensed Compliance Officer with the

FSCA

(essential).
+ Registered with the

Compliance Institute of Southern Africa

(desirable).



###

EXPERIENCE

:

2 - 5 years

of compliance-related experience.
Experience in the

insurance and financial services industry

(preferred).
###

KNOWLEDGE

:

Knowledge of relevant regulations, such as: +

FAIS, FICA, POPIA, LTIA, Pension Funds Act, CoFI, FSCR

.
Understanding of compliance risk management frameworks.
Familiarity with the insurance and financial services industry.
Knowledge of products offered by the organization.

Duties & Responsibilities

###

INTERNAL PROCESS:

Execute compliance activities based on the Compliance Monitoring Plan in order to provide assurance on the level of regulatory compliance
Monitor new regulatory mandates, rules and requirements, ensure that compliance policies are kept up to date and that revisions are disseminated in a timely manner
Design and implement compliance training and educational programmes; actively participate in management training, including new starter induction programmes
Provide 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 compliance
Conduct compliance monitoring reviews and audits based on audit schedule and ad hoc requirements as required by the Internal Auditor or business leader
Review and monitor completed audits and follow up on any recommendations made
Execute 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 requirements
Support 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 bodies
Build 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 stakeholders
Contribute to the process of negotiating objective and realistic service level agreements, monitor appropriateness and recommend adjustments
Deliver on service level agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed
Make recommendations to improve client service and fair treatment of clients within area of responsibility
Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
###

PEOPLE:

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 development
###

FINANCE:

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 purposes
Provide input into the risk identification processes development and communicate recommendations in the appropriate forum.

Competencies

Relationship management
Presentation and communication
Report writing
Project management
Planning and organizing
Examining Information
Documenting Facts
Adopting Practical Approaches
Providing Insights
Interacting with People
Articulating Information
* Upholding Standards