Senior Risk and Compliance Officer
Affinity Health
Johannesburg, South Africa
4d ago
source : Job Placements

Purpose

To support the Executive Director (Head of the Risk and Compliance Department) with :

  • assisting the business to identify, analyse and document risks associated with the Company;
  • to ensure that the organisation’s risk and compliance framework and the Company’s internal controls, policies and procedures conform to legislation;
  • to ensure that all frameworks, policies, and procedures are effectively implemented and applied; and

    to provide governance support to the Company where necessary.

    Prevent illegal, unethical, or improper conduct.

    Provide support to Executive in ensuring the strategic position of the Risk and Compliance Function in the Company.

    Manage the Risk Function through risk identification and assessment.

    Manage the Compliance Function through maintaining a compliance framework and compliance enforcement processes.

    Monitor, report and analyse risk, governance and compliance management processes, exposures, and trends.

    4. Tasks / Activities

    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.

    Physical activities

    Health and Safety Risk Management.

    Resourcefulness.

    Staying Calm under Pressure.

    Thick Skinned.

    Ability to think on your feet.

    Ability to Influence work ethos and atmosphere

    When will the job be performed

    Mon Fri (08 : 00 17 : 00).

    Possibility of after-hours and weekend work.

    Where will the job be performed

    Benoni Branch

    Some visits to Flora Branch.

    Under what conditions will the job be performed

    High pressure conditions.

    Office environment.

    Essential Qualifications

    Postgraduate Qualification in Risk / Compliance.

    RE1.

    Desirable Qualifications

    Masters.

    Any legal requirements?

    RE5; RE1

    FSCA approved Compliance Officer

    Essential Experience

    5 or more years Financial Services Industry experience.

    Desirable Experience

    Any compliance and / or risk related experience.

    Knowledge and Skills

    Written and verbal communication skills.

    Good computer skills MS Office (Excel, Word, and Power Point) .

    Time management skills.

    Interpersonal skills.

    Accuracy.

    Ability to read and interpret legislation and other documentation.

    Streamlining Practices and Procedures.

    Professional.

    Ability to Prioritise.

    Responsible and Accountable.

    Attention to detail.

    Honesty and Integrity.

    Able to use discretion.

    Flexible and adaptable.

    Reliability.

    Able to work under pressure.

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