Job Description

Position: Compliance officer (Financial/ Audit)

Location: Midrand, Gauteng
Salary: R600K - R660K per annum

Job Purpose

• To assist with management of compliance risk in the business areas by ensuring compliance with the Compliance Framework and ensuring that the company is able to substantiate its governance levels.

Performing compliance monitoring on sites based on legislation, licence conditions and internal controls using a risk-based approach

• Evaluating the adequacy of internal controls and amending as needed
• Knowledge of and continuous analysis of legislation applicable to the ICT industry
• Assisting with internal and regulatory body audits conducted
• Assisting with design and implementation of controls to mitigate compliance risk
• Drafting and submission of correspondence
• Drafting and amending company policies and procedures
• Training employees on company policies, procedures and systems, legislation, systems, procedures and policies
• Keep senior management informed of the operation and progress of compliance efforts and objectively highlight potential risk areas and/or compliance violations.
• Maintain relationships with the business areas, internal and external audit and other related compliance risk management functions.
• Maintain a broad knowledge of the business and regulatory framework in which the company operates
• Ensure that compliance monitoring is approved and implemented accordingly.
• Roll out regular compliance training programmes.
• Identify and address potential compliance risks locally and globally.
• Provide reports to regulatory authorities and internal governance in a timely manner.
• Support the business on complex compliance matters relating to the strategy.
• Play pivotal role in ensuring that the business is Compliance centric.
• Oversee and manage compliance with FAIS, FICA, POPIA and other relevant legislation across the discretionary financial services providers, ensuring that it complies with regulatory requirements as well as internal Group policies.
• Implement and manage effective compliance risk management plan, that includes risk identification, assessment, monitoring, risk mitigation and reporting.
• Maintain, optimize and implement sustainable compliance procedures and controls to ensure a continued high level of compliance.
• Implement all necessary actions as per the compliance plan to ensure achievement of the compliance plan objectives.
• Submit formal compliance returns to relevant Regulatory Authorities as and when required.
• Submit internal reports on all compliance activities, compliance risks and breaches to the Group Chief Compliance Officer and Managing Director of the entity.
• Report violations or potential violations to Regulatory Authorities as and when required.
• Stay abreast of legislative developments and implement recommendations as per the Group compliance standards.
• Provide advice, awareness and training to the business units and its employees on specific provisions of the applicable Acts and communicate new regulatory requirements and risks via training and communication initiatives.
• Support and guide business decision-making by providing compliance risk input.
• Assist with preparations for and attendance at Regulatory onsite visits.
• Monitor and report on complaints received by the business units.
• Provide general assistance to the Group Chief Compliance Officer, when requested.
• Ad hoc compliance projects.
• Compliance training and awareness.

Knowledge

• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Risk management process and frameworks
• Codes of Good Governance
• Communication
• Adaptability
• Driving for Results
• Influencing
• Building Trusting Relationships
• Managing Work
• Time management
• Quality Orientation

• BCompt/Bcom (Internal Audit)
• Professional Audit qualification (i.e. SAIPA, SAICA, ACCA, CIA, CISA)
• Audit articles or 3 years verifiable audit experience
• Compliance experience in the ICT sector would be beneficial
• Experience in liaising with regulators will be an advantage
• Overall 6- 8 years working experience

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