Assist the Risk and Compliance Department to develop and maintain a Risk and Compliance Framework and System for the Company and to provide quality Risk and Compliance Services throughout the Company and in all Departments.
Prevent illegal, unethical, or improper conduct.
Identify legislative risks.
Review and evaluate compliance issues.
Ensure the organisation complies with laws and regulations, and statutory and supervisory requirements.
Monitor and interpret industry developments and relevant laws and regulations.
Provide advice, awareness and training on matters pertaining to compliance.
Establishes and embeds compliance culture across the Company and its entities.
Fulfils functions required in terms of FAIS legislations such as monitoring and reporting to the financial services provider and the FSCA.
Maintain FICA business rules.
Provide support to Executive in ensuring the strategic position of the Risk and Compliance Functions in the Company.
Develop and maintain a risk and compliance framework (governance strategy and processes).
Implement the risk management framework effectively across the company.
Identity current / actual and emerging risk through evaluating both internal and external risk environment on a continuous basis.
Assist with the development and implementation of compliance management plans, policies, procedures, and processes relating to risk and compliance.
Conduct Gap Analysis Risk and Compliance Management process at regular intervals.
Facilitate annual risk management assessments for all major changes of operational processes operational processes.
Develop systems to facilitate risk and compliance monitoring and risk improvement.
Proof, edit and submit licence applications to Regulators, create documents and other applicable material.
Compile a consolidated risk and compliance register on a regular basis and ensure that key risk indicators are included in the risk register.
Manage and monitor the FAIS Rep Register / Competency Register.
Review and update the compliance and regulatory universe and ensure organisational readiness and implementation of laws and regulations that affect the organisation.
Review and administer the business insurance cover and insurance claims on behalf of the organisation.
Maintain a loss events register.
Liaise with internal and external auditors.
Design and update risk mitigating policies.
Prepare and submit reports (Monthly, Quarterly, Annual).
Drafting and / or vetting of agreements.
Assist in the designing and implementation of all administrative processes and procedures in adherence to company policy.
Prepare compliance reports.
Supervise compliance and risk teams.
Ensure effective promotion and practice of good corporate governance and compliance pertaining to policies, legislation, and regulations.
Monitor, report and analyse risk, governance and compliance management processes, exposures, and trends.
Oversee and monitor adherence and compliance to risk, governance and compliance policies, standards, and procedures within the organisation.
Monitor and analyse risk trends within business environment.
Monitor the resolution status and effectiveness of risk actions.
Independently monitor the management of all risk, governance, and compliance processes.
5 or more years Financial Services Industry experience.
Knowledge and Skills
Written and verbal communication skills.
Good computer skills MS Office (Excel, Word, and Power Point) .
Time management skills.
Ability to read and interpret legislation and other documentation.
Streamlining Practices and Procedures.