Head of Compliance Control Function

Old Mutual; Johannesburg; On-site; ZAR 60 000 - 100 000; Full time

Job summary

Join a forward-thinking firm committed to leveraging Africa's potential! This role is pivotal in shaping compliance strategies and engaging with senior management in the short-term insurance sector. You will lead a significant team, ensuring adherence to regulatory standards and enhancing organizational capabilities. Your expertise will drive the development of effective compliance frameworks and policies, making a meaningful impact on the business's strategic direction. If you're passionate about compliance and leadership, this opportunity is your chance to contribute to a transformative journey in the industry.

Qualifications

• 8+ years of compliance experience, including 5 years with a registered short-term insurer.
• Proven experience as Head of a Compliance Control Function.

Responsibilities

• Manage regulatory compliance and audit programs in the short-term insurance industry.
• Develop and implement compliance policies while engaging stakeholders.

Skills

Accountability

Leadership

People Management

Risk Assessments

Strategic Direction

Strategic Objectives

Education

Bachelor of Laws (LLB)

Bachelor’s Degree in Commerce

Job description

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity, and our diverse talent reflects this commitment.

Job Description

This role involves strategic interaction with senior management and board members within the Old Mutual Limited Group, focusing on compliance and legislative developments influencing the company's strategic direction. The incumbent is responsible for establishing and embedding an effective second-line compliance function, requiring experience in the short-term insurance industry and a proven track record as head of a control function for compliance.

Responsibilities

1. Regulatory and Compliance Management in the short-term insurance industry
2. Monitor and manage activities of a significant team, ensuring regulatory compliance by liaising with internal risk management functions and supporting the development and implementation of compliance policies
3. Regulatory Affairs
4. Implement the compliance framework
5. Quality Management System
6. Identify, analyze, and evaluate the effectiveness of current policies and processes within the QMS; contribute to QMS design; oversee drafting of policies and procedures; evaluate costs and benefits of changes
7. Audit Compliance
8. Plan and manage audit programs, address risk areas, monitor corrective actions, and escalate major issues
9. Develop and validate new test methods incorporating emerging technologies and regulatory requirements
10. Stakeholder Engagement
11. Identify stakeholders, understand their needs, and facilitate effective communication of business information and decisions
12. Leadership and Direction
13. Communicate strategy and motivate the team to achieve business goals aligned with the organization’s mission, vision, and values
14. Functional Strategy Formation
15. Contribute insights to develop functional strategies that meet business needs
16. Performance Management
17. Set performance objectives, monitor progress, and ensure team and personal goals are achieved through performance management systems
18. Organizational Capability Building
19. Identify development needs, plan and implement training, and provide coaching to enhance professional capabilities
20. Budgeting
21. Develop and deliver budget plans under guidance

Requirements

• Relevant degree in legal or commerce fields
• Additional compliance qualifications are advantageous
• Minimum of 8 years’ experience in compliance, including 5 years with a registered short-term insurer
• Proven experience as Head of a Compliance Control Function

Skills

Accountability, Leadership, People Management, Risk Assessments, Strategic Direction, Strategic Objectives

Competencies

Balances Stakeholders, Builds Effective Teams, Communicates Effectively, Ensures Accountability, Financial Acumen, Instills Trust, Interpersonal Savvy, Manages Ambiguity

Education

Bachelor of Laws (LLB), Bachelor’s Degree in Commerce

Closing Date

19 May 2025, 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.

The Old Mutual Story!