Compliance Officer

Rand Mutual - RMA; Parktown (NC); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Professional development

Competitive compensation & benefits

Flexible work arrangements

Collaborative culture

Job summary

Rand Mutual Assurance is seeking a Compliance Officer to design and implement a robust compliance program across regulatory and internal policy landscapes. You will liaise with regulators, lead audits, and drive improvements in processes and controls.

You will provide regulatory affairs support, contribute to the Quality Management System, and mentor junior staff while ensuring adherence to codes of conduct and industry standards.

Qualifications

• Bachelor-level or higher in law, compliance or related field.
• Admission as attorney or advocate is required or advantageous.
• FSCA RE1 exam is an advantage; professional compliance designations are preferred.

Responsibilities

• Design and implement a compliance program in liaison with regulators.
• Provide regulatory affairs support under guidance from seniors.
• Contribute to QA/QMS design and policy drafting.
• Manage a portfolio of audits with corrective actions.
• Identify and improve gaps in compliance processes and conduct enhancements.
• Maintain knowledge of regulatory codes of conduct and internal policies.
• Provide leadership and coaching to interns and junior staff.

Skills

Compliance management

Regulatory reporting

Auditing

Leadership

Education

Undergraduate Degree/Honours/Legal/Compliance

Admission as attorney/advocate

FSCA RE1 exam advantage

Job description

THE JOB AT A GLANCE

As a Compliance Officer, you will be reporting into the Compliance Manager, you will be responsible for conducting internal audits to ensure compliance with regulatory requirements and internal policies, and develop and implement compliance policies in liaison with regulators. Assess and report on compliance risks, investigate incidents and take action to ensure compliance. Has knowledge of government laws and regulations affecting the company's business area, and ability to interpret laws and regulations in light of operations. Ensure all external regulatory frameworks are complied with within reasonable risk and cost parameters. RMA-specific purpose: To proactively and constructively assist the RMA Group in managing its responsibility to comply with all applicable regulatory legislative requirements, applicable regulatory codes and standards, and internal policies and procedures.

WHAT WILL YOU DO?

Regulatory and Compliance Management

Help design and implement a compliance program, liaising with the regulator to ensure the program adheres to regulatory and compliance standards. This may also or alternatively involve supervising the activities of a regulatory/compliance team.

Regulatory Affairs

Take responsibility for providing specific elements of the regulatory affairs service with guidance from senior colleagues.

Quality Management System

Contribute to the identification and evaluation of current policies and business processes that are in the scope of the Quality Management System; contribute to the design of the QMS; provide specialist quality management input to the drafting of new policies and procedures, and design of business processes; contribute to the quantification of the costs and business benefits of change.

Audit Compliance

Manage a portfolio of audit assignments, ensuring that the team plans and delivers audits that cover identified risk areas and that appropriate corrective actions are agreed on with auditees. Resolve issues arising from audits and refer serious or contentious issues to the audit program leader.

Compliance

Identify shortcomings in compliance processes, systems and procedures, and suggest and implement appropriate improvements. Work is focused on an assigned unit or discipline.

Operational Compliance

Maintain and renew a deep knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct, and ensure own work adheres to required standards. Identify, within the team, patterns of non-compliance with the organization’s policies and procedures, and with relevant regulatory codes and codes of conduct, taking appropriate action to report and resolve these and escalating issues as appropriate.

Leadership and Direction

Communicate the local action plan; explain how this relates to the function's strategy and action plan, and the broader organization's mission and vision; motivate people to achieve local business goals. Provide guidance and coaching to Interns and junior staff in the Compliance Function.

WHAT WILL YOU GET IN RETURN?

• We offer great opportunities for personal and professional development in a stable company that’s 132 years strong.
• The role comes with a competitive salary package and various benefits.
• Flexible work arrangements (combination of remote and in the office).
• Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.

TURNAROUND TIME

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.

OUR COMMITMENT TO TRANSFORMATION

In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets, preference may be given, but is not limited, to candidates from under-represented designated groups.

WHAT YOU'LL BRING TO THE TABLE?

• Undergraduate Degree/Honours Tertiary Degree/Legal Degree/Compliance qualification
• Admission as an attorney or advocate
• 8 years compliance experience
• 6 years working experience within an insurance or financial institution
• Registered as a Compliance Officer with the FSCA
• FSCA Regulatory Exam (RE1) an advantage
• Member of the CISA
• Professional Compliance Designations i.e. CPRAC(SA) or CPROF(SA) a requirement
• Experience of supervising and directing people and other resources to achieve specific
• end results within limited timeframes (13 months to 3 years)