Compliance Officer

Old Mutual Limited; Johannesburg; On-site; ZAR 600,000 - 900,000; Full time

Job summary

Old Mutual Limited is seeking a dynamic Compliance Officer to join the Group Risk, Compliance and Actuarial team. The role is a second-line function focused on embedding a compliant culture across business units and delivering a risk-based monitoring plan.

The successful candidate will establish a CoE compliance framework, provide assurance, identify breaches, and drive corrective actions while supporting regulatory engagements and governance reporting.

Qualifications

• Relevant FAIS recognised qualification for Compliance Officers.
• Certificate in Compliance is an advantage.
• CPrac (CPRAC) is an added advantage.

Responsibilities

• Establish and roll out a fit-for-purpose compliance framework for the Centre of Excellence (CoE).
• Provide assurance to relevant segments and business units per the approved compliance plan.
• Identify and report compliance breaches to line management and the Compliance Manager/Executive.
• Facilitate resolution of breaches and mitigate compliance risks.
• Provide risk insights, including investigations into potential breaches.
• Contribute to annual Compliance Plan aligned to the Group Compliance Plan.
• May supervise junior compliance staff within complex business units.
• Support regulatory engagements and regulatory inspections with timely responses.

Skills

FAIS knowledge

Compliance

Audit

Proactive mindset

Attention to detail

Change management

Regulatory compliance management

Requirements development

Education

NQF Level 7 degree or equivalent

Job description

Compliance OfficerOur website uses cookies to give you the best possible online experience. If you accept their use, continue using our site or find out how to manage cookies. View our Privacy Notice here.### Compliance OfficerApply: Pinelands: Johannesburg: Full time: Posted Today: JR-85361**Let's Write Africa's Story Together!**Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.**Job Description**Group Risk, Compliance and Actuarial is seeking a dynamic and experienced Compliance Officer to join our Group Compliance team. This exciting opportunity is ideal for a skilled compliance professional who is passionate about providing expert advice and driving best practices across the business. More details about the role are provided below. This second-line compliance role is individually accountable for establishing and maintaining a fit-for-purpose compliance framework, including the development and execution of a Risk Management and Monitoring Plan. The role focuses on embedding compliance practices across assigned business areas, either directly or through supervised staff over defined periods (typically 3 to 12 months). The incumbent is responsible for identifying compliance gaps, initiating and facilitating corrective actions, and supporting the business in meeting regulatory obligations.**Key Result Areas / Outputs:** * Supports the establishment and rollout of an appropriate compliance control framework for the Centre of Excellence (CoE).* Provides assurance to applicable segments and business units in line with the approved compliance plan.* Identifies and reports compliance breaches to line management and the Compliance Manager or Compliance Executive.* Facilitates resolution of compliance breaches and assists in mitigating compliance risks.* Provides compliance risk-related insights to the business, including conducting investigations into potential breaches.* Contributes to the development of the annual CoE or Line of Business (LoB) Compliance Plan, aligned to the Group Compliance Plan, outlining the nature, timing, and scope of assurance activities.* May manage junior compliance staff (e.g., Assistant Compliance Officers) within less complex business units or functional areas.* Operates within a defined functional area or less complex business unit, with limited influence beyond assigned scope.* Reports functionally to the Compliance Manager, or directly to the Compliance Executive where applicable.* Second-Line Assurance: Provides independent assurance to the business on the effectiveness of first-line controls and compliance with regulatory obligations.* Incident and Breach Management: Facilitates the investigation and resolution of compliance breaches, ensuring appropriate corrective actions are taken and documented.* Compliance Risk Assessment: Assists in identifying and assessing compliance risks within assigned areas, contributing to the overall risk profile and mitigation strategies.* Governance and Reporting: Prepares and contributes to reports for Compliance Managers, Executives, and governance forums, ensuring transparency and accountability.* Support for Regulatory Engagements: Assists in preparing for regulatory inspections, audits, and engagements, ensuring accurate and timely responses.* Embedding Compliance Culture: Actively promotes a culture of compliance through training, awareness, and day-to-day interactions with business partners. **Requirements: Skills, Qualifications, Experience required:*** Relevant FAIS recognised qualification for Compliance Officers* Certificate in Compliance an advantage* CPrac an added advantage**Experience:*** 5+ years relevant industry (financial services) and Compliance experience* Good understanding of legislation impacting the insurance industry and specifically FAIS* Excellent written and verbal skills* Understanding of audit methodology an advantage**Key behavioural skills and attributes that would make a candidate successful in this role:*** **Accountability**: Takes ownership of assigned compliance responsibilities and follows through on commitments with integrity.* **Attention to Detail:** Maintains a high level of accuracy when reviewing regulatory requirements, monitoring activities, and reporting breaches.* **Critical Thinking:** Applies sound judgement and analytical reasoning to assess compliance risks and recommend appropriate actions.* **Proactive Mindset**: Anticipates potential compliance issues and takes initiative to address them before they escalate.* **Resilience**: Remains composed and effective under pressure, especially when dealing with regulatory deadlines or breach investigations.* **Collaboration**: Works well with cross-functional teams, including Risk, Legal, and Business Units, to embed compliance practices and resolve issues.* **Communication**: Clearly and professionally communicates compliance requirements, risks, and findings to stakeholders at various levels.* **Discretion and Integrity:** Handles sensitive information with confidentiality and demonstrates ethical decision-making in all aspects of the role.* **Continuous Learning**: Keeps up to date with regulatory developments and seeks opportunities to enhance compliance knowledge and skills.* **Adaptability:** Responds effectively to changing regulatory environments and shifting business priorities.**Skills**Change Management, Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Identifying Customer Needs, Legal Practices, Performance Management Design, Policies & Procedures, Presenting Solutions, QA Methodologies, Regulatory Compliance Management, Requirements Development**Competencies**Action Oriented### ### Balances Stakeholders### ### Communicates Effectively### ### Financial Acumen### ### Instills Trust### ### Interpersonal Savvy### ### Manages Complexity### ### Optimizes Work Processes**Education**NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent**Closing Date**18 November 2026 , 23:59***The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.***