Officer Compliance
Position summary
Introduction
Job description
To implement compliance risk management solutions within strategic guidelines and policies and to facilitate the management of compliance risks and breaches within the Business Unit through application of accepted risk management principles. Reporting to the Manager: Compliance, the successful incumbent will be responsible for proactively and constructively assisting business in managing its responsibility to comply with all regulatory items and minimise compliance risks through the provision of advice and guidelines to operational management through the application of risk management principles, policies, processes and procedures.
Minimum requirements
Key Responsibilities
- · Project management and implementation of key compliance projects
- · Identify gaps or potential deficiencies in compliance and other business areas and resolve
- · Risk Assessment of Regulatory items
- · Comments on draft bills and other draft regulatory requirements.
- · Maintain compliance risk assessments and compliant risk management plans prioritised regulatory items
- · Compliance monitoring activities.
- · Recommended corrective actions – prescribing and escalations
- · Managed corrective action
- · Implementation of requirements arising from new and amended regulatory items
- · Compliance training on regulatory items
- · Compliance reporting.
- · Provide advice to business on compliance matters and implementation of controls, including control effectiveness assessments
Formal Qualifications:
- Matric
- Bachelor’s Degree (law or commerce)
- Postgraduate Diploma in Compliance Risk Management (advantageous)
- Admitted Attorney/ working towards admission (advantageous)
- FAIS RE 1 (Key Individual exam) advantageous
- FAIS Compliance Officer (advantageous)
Knowledge & Experience:
- At least 3 years’ experience in financial services compliance, non-life insurance experience will receive preference
- Knowledge of Financial Services Regulatory Environment