Compliance Manager

Aon; Johannesburg; Hybrid; ZAR 800 000 - 1 100 000; Full time

Job summary

A leading global risk management firm is seeking a Company Compliance Manager to lead a team and ensure adherence to compliance policies and regulations. This role requires extensive knowledge of financial services legislation and proven experience in compliance management. The candidate should have a strong legal background and robust communication skills. This is a hybrid position based in Johannesburg, South Africa.

Benefits

Comprehensive benefits package

Global Wellbeing Days

Flexible working environment

Qualifications

• Minimum of 6-8 years’ compliance experience in a legal and/or compliance function.
• Experience with FSCA and Information Regulator is essential.
• Knowledge of compliance concerning short-term insurance products.

Responsibilities

• Lead a team of compliance officers to ensure adherence to policy.
• Manage compliance regulatory and reputational risks.
• Conduct compliance training and provide technical advice.

Skills

Effective communication

Interpersonal skills

Organizational skills

Conflict management

Teamwork

Management skills

Innovative thinking

Collaboration

Education

Grade 12 (Matric)

Legal Qualification (LLB or similar)

Postgraduate qualification in Compliance Management

Registered as a Category I and IV representative with the FSCA

Tools

MS Word

MS Excel

MS PowerPoint

Job description

Company Compliance Manager

Aon South Africa is recruiting a Compliance Manager based, on a hybrid basis, from our Head Office in Sandton. The role of the Company Compliance Manager is to be the registered compliance officer on the regulatory licenses held with the FSCA and ensure adherence to the license requirements.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world.

As an organization, we are united through trust as one inclusive team and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Lead a team of compliance officers.
• Work with Aon’s global law and compliance division to ensure adherence to policy and procedures.
• Run all compliance related functions, which includes monitoring, training and advising the business and different Aon South Africa subsidiaries and Aon Re (reinsurance).
• Manage compliance regulatory and reputational risks through implementation of relevant regulations, policies, and procedures.
• Support the business with advice and support on data privacy aspects relevant to the business.
• Provide input in the development and implementation of compliance risk management plans for applicable legislation.
• Keep compliance policies, risk management plans, assessments up to date.
• Manage and support the procedures and controls to mitigate compliance risk.
• Grow and develop a compliance culture and create an awareness of compliance through interaction and training.
• Review legislation applicable to the business – including but not limited to the Insurance Act, the Medical Schemes Act, the Pension Funds Act, POPI, FICA and FAIS.
• Communicate regulatory changes to the business and support and facilitate the implementation of regulatory changes and internal control measurements throughout the company.
• Advise on and implement controls and procedures that need to be followed to sufficiently manage and/or mitigate identified risks.
• Approve the planning and management of the monitoring programme and training plan.
• Review compliance monitoring and reports conducted by the Compliance Team.
• Make recommendations to the business on how compliance can be improved.
• Conduct compliance training in respect of regulatory requirements, internal procedures and policies, including Aon Global policies.
• Provide timely feedback for compilation and submission of FSCA and FAIS compliance reports and regulatory queries.
• Attend to company global compliance requirements as requested by the EMEA and global Compliance Department.
• Lead and implement ad‑hoc projects relevant to the compliance function.
• Support the business by providing professionally researched compliance opinions and advice.
• Support the risk and operational functions with regulatory aspects of POPIA.
• Provide training on compliance and data privacy aspects as relevant to the business and work closely with the Risk and Operations team on data privacy matters.

Qualifications

• Be in possession of Grade 12 (Matric).
• Have a Legal Qualification (LLB or similar) and be an admitted attorney.
• A postgraduate qualification in Compliance Management is required.
• Preferably be registered as a Category I and IV representative with the FSCA in terms of the FAIS Act.
• Qualification and/or experience with data privacy legislation as applicable to intermediaries.

Knowledge

• Knowledge of and experience in, understanding and applying legislation to operations.
• Good understanding and knowledge of the financial services industry, which includes insurance and intermediary services.
• Computer literate in MS Word, Excel, and PowerPoint.
• Knowledge of the Foreign Corrupt Practices Act, OFAC and the South African anti‑bribery and corruption legislation will be an added advantage.
• Extensive knowledge of the South African and international short‑term insurance markets, reinsurance and/or medical and pension funds.
• Strategic knowledge of industry best practices.

Skills and Attributes

• Ability to communicate effectively.
• Good interpersonal and organisational skills.
• Good conflict management and listening skills.
• Ability to work in and with teams.
• Management and leadership skills.
• Innovative and collaborative.

Experience

• Have 6–8 years’ compliance experience in a legal and/or compliance function, preferably in a financial, insurance or intermediary institution.
• Experience with regulators (FSCA and Information Regulator).
• Have compliance experience in respect of short‑term insurance products.
• Working experience in a multi‑national environment would be an advantage.
• POPIA – good working knowledge.
• GDPR experience would be an advantage.

How we support our colleagues

In addition to our comprehensive benefits package, we encourage an inclusive workforce. Plus, our agile environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions for our colleagues as well.

Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.

Aon values an innovative and inclusive workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.

Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.

We are committed to providing equal employment opportunities and fostering an inclusive workplace. If you require accommodations during the application or interview process, please let us know. You can request accommodations by emailing [e-mail] or your recruiter. We will work with you to meet your needs and ensure a fair and equitable experience.

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