Professional Compliance Specialist

Job Advert Summary

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 Senior Manager: Group 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

Education

• Matric
• Bachelor’s degree (law or commerce)
• Postgraduate Diploma in Compliance Risk Management (advantageous) or, must at the least have completed
• the Compliance Management Certificate
• AML (Prac) CISA designation (preferred)
• CAMS (Certified Anti-Money Laundering Specialist) would be advantageous
• FAIS RE 1 (Key Individual exam) advantageous, requirement for registration as FAIS Compliance Officer

Experience

• At least 5 years’ experience in financial services compliance, long-term insurance experience will receive preference
• Exposure to and working knowledge of AML/CFT compliance required
• Knowledge of Financial Services Regulatory Environment
• Legislative Knowledge (e.g. LTIA, STIA, FAIS, CISCA, IA, FSRA, POPIA, Prudential Standards, etc)
• Demonstrated knowledge of Compliance Risk Management Methodology
• Working knowledge of CURA (advantageous)
• Ability to write, communicate and interpret legislative requirements at the appropriate level
• Ability to implement annual compliance plan
• Ability to advise business on compliance matters
• Ability to multi task and execute on multiple deliverables at once

Scope

Reporting to the Senior Manager: Group 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 providing of advice and guidelines to operational management through the application of risk management principles, policies, processes and procedures.

Competencies

• Ethics and Integrity
• Judgement
• Analytical Thinking
• Effective Communication
• Change Management (Behavioural)
• Planning and Organising
• Influence/Persuasion
• Relationship Building

Strategic Orientation

• Knowledge and understanding of the financial services regulatory environment.
• Acts with confidence and works independently within a team environment.
• Provides input to Compliance strategies and plans.

Duties and Responsibilities

• Project management and implementation of key compliance projects.
• Identify gaps or potential deficiencies in compliance and other business areas and resolve.
• Presentations to members of Exco, or key resource used by Exco, for delivery of projects.
• Risk Assessment of Regulatory items.
• Comments on draft bills and other draft regulatory requirements.
• Maintain compliance risk assessments and compliant risk management plans for prioritised regulatory items on CURA.
• Developed and maintained compliance monitoring plans.
• Compliance monitoring activities.
• Recommended corrective actions – prescribing and escalations.
• Managed corrective action.
• Managed complaints.
• Managed breaches and risk exposures.
• Implementation of requirements arising from new and amended regulatory items.
• Compliance training on regulatory items.
• Training on compliance methodology.
• Compliance reporting.
• Provide advice to business on compliance matters and implementation of controls, including control effectiveness assessments.