Job Description

The Compliance Officer is responsible for assisting and supporting SBUs/Departments in complying with all applicable regulatory requirements (i.e. Laws, Regulations and Supervisory requirements (i.e. rules, codes and self-regulatory organizational standards) applicable to the organization by facilitating the implementation, management and mainte...POSITION INFO:The Compliance Officer is responsible for assisting and supporting SBUs/Departments in complying with all applicable regulatory requirements (i.e. Laws, Regulations and Supervisory requirements (i.e. rules, codes and self-regulatory organizational standards) applicable to the organization by facilitating the implementation, management and maintenance of the compliance methodology.QUALIFICATIONxc2xa2 xc3x82 xc3x82 Commerce or Legal degree or equivalentKNOWLEDGE SKILLSxc2xa2 xc3x82 xc3x82 5 to 8 years relevant and practical compliance risk management or legal experience
xc2xa2 xc3x82 xc3x82 Member of the Compliance Institute of Southern AfricaCOMPLIANCE RISK IDENTIFICATION AND ASSESSMENT

• Conduct formal Compliance Risk Profile workshops to identify and assess the total universe of regulatory requirements applicable to the organization and its Business Unit/Depts.
• Conduct informal Compliance Risk Profile reviews to identify amended and/or new regulatory requirements and update the Compliance Risk Profile/s accordingly in support of the overall client's Compliance Risk Profile.
• Stay abreast of amended and/or new regulatory requirements, and pro-actively identify and communicate the impact of the anticipated regulatory change on the organization and its Business Units/Depts.
• Compile and continuously update, manage and execute an SBU/Dept. Compliance Coverage Plan, detailing the compliance risk identification, assessment, management, monitoring and reporting activities to be undertaken for a financial year.

COMPLIANCE RISK MANAGEMENT

• Compile Compliance Risk Management Plans for the applicable regulatory requirements.
• Review, manage and update existing Compliance Risk Management Plans when so required, but at the least once every two years.
• Provide compliance advice to the SBUs/Depts on the requirements stipulated within the compliance-owned policies, the regulatory control environment (existing and/or new) and the ways in which to minimize the impact of occurred non-compliance.
• Participate in projects to identify applicable compliance risks and advise on the management and mitigation thereof.
• Undertake compliance awareness activities such as:
• contributing articles to in-house publications;
• distributing interesting and relevant articles; and conducting presentations to the SBUs/Dept. on applicable regulatory requirements to support the embedment and enhancement of a culture of compliance.

COMPLIANCE RISK MONITORING

• Plan, manage and conduct compliance monitoring (i.e. control adequacy reviews, control effectiveness reviews, control self-assessment questionnaires/sign-offs and/or control spot check reviews) on the applicable regulatory requirements.
• Compile and discuss the Compliance Review Report with the SBU/Dept and agree the corrective actions to be taken, the person responsible for implementing the corrective actions and the due date for implementation.
• Log all compliance findings on the Compliance Issues Log, manage and track the progress made by the SBU/Dept. in closing the finding/s and ensure that the Compliance Issues Log accurately reflects all amendments, supporting the integrity of the data reported on to the relevant governance committees.

COMPLIANCE RISK REPORTING

• Compile and submit a Compliance Risk Profile Report to the SBUs/Depts.
• Compile, agree and submit a SBU/Dept. Compliance Coverage Plan with/to the SBU/Dept.
• Compile, manage, discuss and agree the Control Adequacy Review Report and/or Control Effectiveness Review
• Report and/or Control Self-Assessment Review Report and/or Control Spot Check Review Report with the SBU/Dept.
• Compile and submit a quarterly SBU/Dept. Compliance Report, detailing the status of the Management of the compliance risks within the SBU/Dept.

xc3x82TECHNICAL/FUNCTIONAL COMPETENCIESPlanning and Organizing
Project Management Skills
Strong Analytical Skills
Presentation skills
Stakeholder Engagement Skills
Negotiating and InfluencingBEHAVIOURAL COMPETENCIESAttention to detail.xc3x82
Highly Ethical and integrity.xc3x82
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