Compliance Specialist
Telesure Investment Holdings (TIH)
Date: 1 day ago
City: Johannesburg, Gauteng
Contract type: Full time
Join TIH, home to some of South Africa’s leading financial service providers, and grow your career while being part of an organisation with purpose.
Job Purpose
Provide advisory governance and monitoring services which support and deliver ongoing compliance solutions in accordance with all applicable legislation and in line with the strategy of the statutory compliance function. Perform general legal work in order to reduce business risk.
Responsibilities
Compliance Monitoring
Manage a portfolio of compliance assignments, ensuring that the team plans and delivers compliance that cover identified risk areas and that appropriate corrective actions are agreed on with business. Resolve issues arising from compliance activities and refer serious or contentious issues to the management.
Identify any compliance risks and take immediate remedial action.
Participate in compliance activities in line with the compliance risk management and monitoring plan.
Monitor any changes to processes that may have an impact on compliance to legislation, and report these to the Senior Manager: Compliance.
Insights and Reporting
Follow the reporting strategies and templates. Execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations.
Ensuring Group compliance with relevant legislation through ongoing analysis and reporting. Report
on the compliance status of the Group internally to the
General Manager, Executive Heads, Group Chiefs and key
individuals on a monthly, quarterly and annual basis. Drive
utilisation of the various compliance systems to enhance
reporting.
Regulatory & Compliance Management
Investigate all kinds of incidents and reports, and provide expert advice to more senior colleagues.
Identify and minimise risk exposures and ensure adherence with regulatory standards by working with all internal functions to make sure compliance programs are properly implemented.
Assist with with the development and implementation of the compliance risk management and monitoring plan.
Ensuring that all products as well as new products comply with relevant legislation.
Stakeholder Engagement
Contribute to stakeholder engagement through identifying
stakeholders, finding out their needs/issues/concern and
reacting to these by arranging meetings and events and
drafting supporting materials to promote understanding and commitment. Build relationships with various internal and external stakeholders. Keep all stakeholders informed of regulatory requirements, changes and deadlines.
Improvement / Innovation
Identify shortcomings and suggest improvements to existing processes, systems and procedures, then delivers a plan for a small element of a change management program with guidance from a project/program manager.
Personal Capability Building
Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation where relevant to improve performance and fulfill personal potential. Keeping abreast with amendments to legislation, industry trends and best practice and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.
Compliance Management System
Contribute to the identification and evaluation of current
policies and business processes that are in the scope of the Compliance Management System; contribute to the design of the CMS; provide specialist compliance management input to the drafting of new policies and procedures, and design of business processes; contribute to the quantification of the costs and business benefits of change. Manage and maintain an effective compliance system. Drive delivery of compliance automation.
Policy Development & Implementation
Help develop policies and procedures for an area of the organisation or the group as a whole, and monitor their implementation.
Drive an awareness of these policies and procedures and ensure training is undertaken throughout the organisation on an ongoing basis.
Contract Requirements
Gather and report on information on existing contract performance and provide as input to the new contract process for negotiations/renegotiations.
Ensure contracts meet all compliance requirements and where required, notifications have been actioned.
Identify trends, summarise findings, and give feedback on existing contract requirements, and provide input to ensure compliance in contract processes.
Education
Grade 12/ SAQA Accredited Equivalent (Essential); BProc/LLB Degree or other equivalent degree (Essential); Registration as Compliance Officer with the FSCA (Essential); Registration with the Compliance Institute (Advantageous); Diploma in Compliance Management (Advantageous); Admitted Advocate/Attorney (Advantageous) (Required)
Experience
3 - 5 years’ relevant experience in the Insurance and Financial Industry (Essential); Knowledge of monitoring and compliance processes (Essential).
Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.
Job Purpose
Provide advisory governance and monitoring services which support and deliver ongoing compliance solutions in accordance with all applicable legislation and in line with the strategy of the statutory compliance function. Perform general legal work in order to reduce business risk.
Responsibilities
Compliance Monitoring
Manage a portfolio of compliance assignments, ensuring that the team plans and delivers compliance that cover identified risk areas and that appropriate corrective actions are agreed on with business. Resolve issues arising from compliance activities and refer serious or contentious issues to the management.
Identify any compliance risks and take immediate remedial action.
Participate in compliance activities in line with the compliance risk management and monitoring plan.
Monitor any changes to processes that may have an impact on compliance to legislation, and report these to the Senior Manager: Compliance.
Insights and Reporting
Follow the reporting strategies and templates. Execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations.
Ensuring Group compliance with relevant legislation through ongoing analysis and reporting. Report
on the compliance status of the Group internally to the
General Manager, Executive Heads, Group Chiefs and key
individuals on a monthly, quarterly and annual basis. Drive
utilisation of the various compliance systems to enhance
reporting.
Regulatory & Compliance Management
Investigate all kinds of incidents and reports, and provide expert advice to more senior colleagues.
Identify and minimise risk exposures and ensure adherence with regulatory standards by working with all internal functions to make sure compliance programs are properly implemented.
Assist with with the development and implementation of the compliance risk management and monitoring plan.
Ensuring that all products as well as new products comply with relevant legislation.
Stakeholder Engagement
Contribute to stakeholder engagement through identifying
stakeholders, finding out their needs/issues/concern and
reacting to these by arranging meetings and events and
drafting supporting materials to promote understanding and commitment. Build relationships with various internal and external stakeholders. Keep all stakeholders informed of regulatory requirements, changes and deadlines.
Improvement / Innovation
Identify shortcomings and suggest improvements to existing processes, systems and procedures, then delivers a plan for a small element of a change management program with guidance from a project/program manager.
Personal Capability Building
Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation where relevant to improve performance and fulfill personal potential. Keeping abreast with amendments to legislation, industry trends and best practice and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.
Compliance Management System
Contribute to the identification and evaluation of current
policies and business processes that are in the scope of the Compliance Management System; contribute to the design of the CMS; provide specialist compliance management input to the drafting of new policies and procedures, and design of business processes; contribute to the quantification of the costs and business benefits of change. Manage and maintain an effective compliance system. Drive delivery of compliance automation.
Policy Development & Implementation
Help develop policies and procedures for an area of the organisation or the group as a whole, and monitor their implementation.
Drive an awareness of these policies and procedures and ensure training is undertaken throughout the organisation on an ongoing basis.
Contract Requirements
Gather and report on information on existing contract performance and provide as input to the new contract process for negotiations/renegotiations.
Ensure contracts meet all compliance requirements and where required, notifications have been actioned.
Identify trends, summarise findings, and give feedback on existing contract requirements, and provide input to ensure compliance in contract processes.
Education
Grade 12/ SAQA Accredited Equivalent (Essential); BProc/LLB Degree or other equivalent degree (Essential); Registration as Compliance Officer with the FSCA (Essential); Registration with the Compliance Institute (Advantageous); Diploma in Compliance Management (Advantageous); Admitted Advocate/Attorney (Advantageous) (Required)
Experience
3 - 5 years’ relevant experience in the Insurance and Financial Industry (Essential); Knowledge of monitoring and compliance processes (Essential).
Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.
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