Compliance Manager
Alexander Forbes
Sandton
9d ago

Introduction...

Alexander Forbes is looking for a candidate who will be responsible for Identifying, accessing, and managing compliance risk.

The incumbent will also be responsible for regulatory compliance monitoring and related activities for applicable Group companies.

This role reports the Group Chief Compliance officer

Formal Qualification

  • LLB / or other relevant postgraduate qualification in compliance and risk management
  • FAIS approval for Category I, 2A and 3
  • 3-5 years related experience
  • Understanding of the financial services and insurance industry essential
  • Summary

  • To establish a Compliance Framework
  • Ensure company-wide commonality with respect to compliance risk management principles and methodologies
  • Design and implement standards, policies and procedures for compliance risk management that are in line with global best practice
  • Support, guide and educate the business and GRC Specialists on compliance related matters
  • Develop, implement and maintain the Cherwell Compliance and Surveys tool for compliance risk management in the fulfillment of its monitoring obligations, record keeping and subsequent reporting to various stakeholders
  • Take responsibility for all compliance and governance aspects under SAM
  • Development of reports, setting of reporting standards to provide accurate pertinent compliance reports
  • Provide guidelines for dealing with and escalation of compliance breaches
  • Assist the business in resolving (remedial action) compliance breaches to legislative requirements
  • To ensure that all the statutory reporting requirements are done on a timely basis as required in terms of the applicable legislation and / or approvals obtained
  • To identify all amendments to legislation, draft legislation and new legislative that impact or could impact the compliance universe
  • Ensure consistent interpretation and implementation of legislative requirements
  • Review and update the monitoring plan to include new high risk exposure areas to enable compliance to provide assurance on the implementation of new policies and procedures regarding the new / amended legislation
  • clarification / interpretation of new / amended legislation if required
  • Maintain strong working relationships with the applicable Regulators being FSB, SARS, SARB and FIC and with other interest groups in the financial services industry
  • Assist GRC Specialists to respond to regulatory enquiry received, including request for information, fines imposed, and outstanding statutory returns and onsite visits
  • Engage with the Regulators
  • Interact with the Regulators regarding proposed legislative amendments
  • Development of a monitoring plan in consultation with Head of Compliance
  • Develop and obtain approval of the risk based monitoring plan to be implemented by the Risk Committee
  • Monitor the effectiveness of controls to mitigate or minimize risks and to detect breaches on a timely basis
  • Accountability

  • Chief Compliance Officer
  • Decision making and planning

  • Make appropriate and timely decisions
  • Resolve conflict within own team as well as with all External Stakeholders
  • Problem solving and communication

  • Solve complex business problems
  • Analyse information and select best solution from a range of alternative solutions
  • Technical and behavioral competencies

    Technical Skills

  • Applied Business Numeracy
  • Sound Risk and Compliance knowledge
  • Governance knowledge and experience
  • Building a Living Brand
  • Business and Financial Acumen
  • Process Engineering / Systems Competence
  • Technical / Professional Competence
  • Behavioral (Interpersonal and Intrapersonal)

  • Flexibility / Adaptability includes willingness to challenge and confront
  • Ethical Behaviour / Honesty / Transparency (Includes Modelling the Values)
  • Entrepreneurship / Calculated Risk Taking
  • Excellence Orientation
  • Personal Growth Orientation / Motivation to Learn / Learning Agility
  • Resilience / Perseverance / Stress Management
  • Results & Solution Focused (Drive, Energy & Follow Through)
  • Rule Orientation
  • Self Management (Planning, Prioritising & Time Management)
  • Visibility & Impact (Includes Confidence and Professionalism Presentation)
  • Building Strategic Partnerships / Networking
  • Communication
  • Customer Service Orientation
  • Influence, Persuasion and Negotiation (Includes Conflict Management)
  • Knowledge Sharing (includes Information Management)
  • Managing Diversity
  • Organisational Awareness / political savvy)
  • Relationship Building (Includes Listening, Interpersonal Sensitivity and ability to read and interact with people)
  • Cognitive Competencies

  • Analytical Thinking & Attention to Detail (Including Focus)
  • Anticipating, Creating and Managing Change (Tolerance of Ambiguity)
  • Holistic / Big Picture thinking
  • Judgement and Decision-Making
  • Innovation / Creativity
  • Leadership Competencies

  • Motivating People (includes Creating and Selling the Vision)
  • Participative Leadership (Empowering and Including People)
  • People Development (includes Identifying and Nurturing Talent)
  • Practical Execution Management (Planning, Organising and Monitoring; Includes Project Management)
  • Strategic Leadership (includes Strategic Planning and Implementation)
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