Job Description

Introduction

The Senior Compliance Officer will be responsible for monitoring and reporting results of compliance of all licenses and with laws, good governance prescripts, the rules and regulations of regulators, that company policies and procedures are being followed and that there is a compliance culture within the Group.

Disclaimer

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Role Purpose

The Senior Compliance Officer will be responsible for monitoring and reporting results of compliance of all licenses and with laws, good governance prescripts, the rules and regulations of regulators, that company policies and procedures are being followed and that there is a compliance culture within the Group.

Requirements

BCom General / Law or LLB
A Compliance Management Certificate from the Compliance Institute or equivalent
At least 3 to 6 years insurance compliance experience of which 2 years with insurance compliance as area of specialisation
Knowledge of legislative framework including Companies Act, Financial Sector Act, Financial Advisory and Intermediary Services Act, Short-term and/or Long-term insurance regulatory framework, National Credit Act, Conduct Standards for Third-Party Cell captives and other relevant legislation affecting the company
Admission as attorney or advocate, knowledge and understanding of Financial Intelligence Centre Act, Public Finance Management Act, Financial Crime and exposure to operational risk will be an advantage
Knowledge of compliance processes and principles within a compliance function

Duties & Responsibilities

Maintain and review policies and procedures and any related activities to prevent and mitigate non - compliance with all applicable laws
Review and propose amendments to compliance policies and standards
Lead the implementation of process changes due to policy and regulatory amendments
Manage a working relationship with a variety of stakeholders including Third parties, Regulatory Bodies, Industry Associations, and all areas of the business to direct compliance issues to appropriate existing channels for investigation and resolution
Consulting with the legal and risk departments as required to resolve complex regulatory compliance issues
Investigating and responding to alleged contravention of rules, regulations, policies, procedures, and codes of conduct
Assist in identifying potential areas of non-compliance, threats, opportunities and risk
Drafting guidance notes and recommend remedial actions to business, to avoid, mitigate future non-compliance
Report breaches or potential non-compliance to the relevant governance forums and regulatory bodies
Maintain an effective compliance communication and compliance training program for the organisation
Must be able to drive and implement a data driven approaches within the control environment

Competencies

Business Acumen
Client/ Stakeholder Commitment
Results and Solutions focused driven
Leads Change and Innovation
Collaboration
Impact and Influence
Networking
* Diversity and Inclusiveness