Compliance Officer

Sanlam; Johannesburg; On-site; ZAR 30 000 - 50 000; Full time

Job summary

A leading financial services provider in Johannesburg seeks a Compliance Officer to analyze regulations, develop compliance plans, and advise management. The ideal candidate has a legal or commercial degree and 1-3 years of experience in the Financial Services Industry. Knowledge of compliance risk management is essential. This role offers opportunities for professional growth and development within a diverse and inclusive environment.

Qualifications

• 1-3 years’ experience as a Compliance Officer in the Financial Services Industry.
• Competence and qualifications to register as a Compliance Officer with the Financial Sector Conduct Authority.

Responsibilities

• Analyze and interpret regulation and legislation using a risk-based approach.
• Advise and provide guidance to management on compliance systems and processes.
• Research and communicate applicable legislative developments to all stakeholders.

Skills

Knowledge of the financial services industry

Understanding compliance risk management

Decision making skills

Report writing skills

Good communication and presentation skills

Education

Legal or commercial degree

PG Diploma in Compliance Management

Admission as an attorney of a High Court

Job description

Who are we?

Sanlam Life and Savings (SLS) is focused on serving our retail and corporate clients in South Africa and further developing our strategic advantages in the South African market. Sanlam Life and Savings consists of the following business units Retail Mass Corporate Risk and Savings, Glacier and various business enabling functions. The Sanlam Life and Savings Office provides strategic direction, coordination and support to the four clusters, as well as performing governance oversight that includes assurance provided by second line of defense functions in SLS, to enable us to meet our business objectives.

What will you do?

• Analyse and interpret regulation and legislation, and using a risk-based approach.
• Identification and risk rating of applicable laws and regulations for responsible business units;
• Development and implementation of compliance/legislative universe for responsible business units
• Development and implementation of Compliance Risk Management Plans (CRMPs) for core legislative and regulatory provisions;
• Compiling monitoring plans indicating the compliance monitoring methodology used and the frequency thereof;
• Compiling monitoring reports on the results of monitoring;
• Incident reporting, to ensure timeous escalation of compliance risks and incidents,
• Interpret regulation and legislation and assist business units with practical implementation thereof
• Advise and provide guidance to management on systems, policies, processes and controls implemented to enable compliance.
• Research and communicate applicable legislative developments to all stakeholders
• Assist with the promotion of a culture of compliance and awareness within SRM and actively participating in compliance projects and training initiatives.
• Provide training on regulatory requirements to channels

Qualification and Experience

• A legal or commercial degree.
• Compliance qualification (PG Diploma in Compliance Management) would be advantageous.
• Meeting the competence, qualifications and experience requirements to be registered as a Compliance Officer with the Financial Sector Conduct Authority would be advantageous.
• Admission as an attorney of a High Court (advantageous).
• 1-3 years’ experience as a Compliance Officer in the Financial Services Industry.

Knowledge and Skills

• Knowledge of the financial services industry, especially insurance
• A thorough understanding and knowledge of compliance risk management and monitoring programmes
• A thorough understanding and knowledge of the regulatory requirements impacting on the various businesses (e.g. FAIS, FICA, LTIA, PPR, POPIA) will be advantageous
• Decision making skills
• The ability to manage people and processes effectively in instances where non-compliance is identified
• Report writing skills
• Good communication and presentation skills

Personal Attributes

• Analytical thinking
• Technical professional
• Thorough and detail minded
• Ethical and principled

Core Competencies

Being resilient - Contributing through others. Collaborates - Contributing through others. Cultivates innovation - Contributing through others. Customer focus - Contributing through others. Drives results - Contributing through others.

Build a successful career with us

We’re all about building strong, lasting relationships with our employees. We know that you have hopes for your future – your career, your personal development and of achieving great things. We pride ourselves in helping our employees to realise their worth. Through its five business clusters – Sanlam Fintech, Sanlam Life and Savings, Sanlam Investment Group, Sanlam Allianz, Santam, as well as MiWay and the Group Office – the group provides many opportunities for growth and development.

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.

Our commitment to transformation

The Sanlam Group is committed to achieving transformation and embraces diversity. This commitment is what drives us to achieve a diverse, inclusive and equitable workplace as we believe that these are key components to ensuring a thriving and sustainable business in South Africa. The Group Employment Equity plan and targets will be considered as part of the selection process.