Compliance officer

Discovery

Johannesburg, Gauteng, ZA

6d ago

source : Latest Jobs

Key Purpose The success of Discovery is made possible by our great people. Our Compliance department is looking for a great person to join their team as a compliance officer overseeing the Regulatory Programs within the individual business units is implemented appropriately and that appropriate processes and controls is in place to manage the Regulatory Exposure of that business unit.

Areas of responsibility may include but not limited to

Administering the Group Compliance Framework and advising the business on processes and suitable control frameworks to implement regulatory obligations for both the Group and the business

Providing guidance and support to the business on the implementation of new and changed Regulatory Obligations.

Administering the Regulatory Profile of the business, engaging with the executive management team on any incidents and exposures relating to its Regulatory Obligations

Providing guidance to the business and executive management to ensure that business objectives (operational) is aligned to the Regulatory Framework and Exposure profile of the business

Develop and administer regulatory matters, including relationships and correspondence with regulators, implementation of new regulations and licensing requirements.

Assess the adequacy of compliance processes on a continuous basis and conduct periodic monitoring.

Maintain policies and procedures supporting a culture of integrity, compliance and excellence.

Review and ensure accuracy of weekly and monthly management reports.

Review business activities to determine compliance with applicable regulatory requirements.

Drafting and implementation of standard operating procedures to ensure compliance and business requirements.

Compiling of appropriate engagement letters and reports

Draft and produce finalised working papers and evidence for all components of work, as per standards set in the Compliance Methodology

Ensure that working papers are appropriate and include supporting evidence / documents

Agree detailed findings with management, and provide appropriate recommendations for management actions

NB : The role is not limited to the key outputs mentioned above Personal Attributes and Skills

Must be operationally strong.

Experience and skills to manage a professional team

Resolve disagreement and conflict situations in a constructive and professional manner

Makes quick, clear decisions which may include tough choices or considered risks

Make rational judgements from the available information and analysis.

Legislative Knowledge and interpretation

Strong Communication, reporting and presentation skills.

Ability to make decisions and provide considered and consistent advice

Ability to work as a team, understand the impact of decisions and be confident enough to raise concerns with decisions within the team and to superiors

Experience working in or with short or long term insurance companies is beneficial.

Detailed and technical expertise in areas like Corporate Governance, Labour Relations, Financial regulations

Develop an effective network with business representatives and to build the necessary trust relationship with business representatives

Build relationships with the Regulators and Ombud impacting the business

Education and Experience Essential :

Matric Certificate

Related legal degree or compliance qualifications

3-5 years’ compliance specific experience with 2 years’ experience in the management, implementation and maintenance of Compliance Framework, including staff management

2 + Years Compliance experience FAIS, TCF

RE 1 or 5

Excellent Excel skills

Advantageous :

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