Junior Compliance Officer

Momentum; Centurion; On-site; ZAR 200 000 - 300 000; Full time

Job summary

A leading financial services company in Centurion is seeking a compliance professional to assist with implementing compliance functions and monitoring plans in accordance with legal regulations. The role requires relevant compliance experience, strong communication skills, and a dedication to professional development. Candidates should be currently studying a relevant degree, with 1-5 years of experience and a proven ability to work under pressure. This position offers growth and career development opportunities within the firm.

Qualifications

• Relevant compliance experience required.
• 1-5 years relevant experience required.

Responsibilities

• Derive a monitoring coverage plan addressing regulatory and compliance requirements.
• Implement the coverage plan, including process analysis and report-writing.
• Monitor and audit compliance records, processes, and systems.
• Assist with the resolution of compliance breaches and regulatory issues.
• Draft monthly and quarterly compliance reports.
• Contribute to the review of business policies for compliance improvements.

Skills

Ability to interpret statutory, regulatory and supervisory requirements

Good written and verbal communication

Basic Presentation skills

Strong administrative and organisational skills

Computer literacy

Ability to work under pressure

Deadline driven

Ability to build relationships

Ability to translate legal knowledge for a non-legal audience

Ability to work independently and in a team

Education

Currently studying towards a Business/law/commercial/compliance Degree/Diploma

Legal, Audit or commercial (e.g. Accounting) degree/national diploma

Job description

Role Purpose

The role will assist in the implementation of Momentum Life compliance function and the annual compliance monitoring plan in line with relevant regulations and other compliance requirements from an assurance perspective and to proactively advise business on the impact of new developments in legislation. It will also be focused on the development of our future compliance officers and is intended for the individual who is focused on growth and career development.

Requirements

Experience and Qualifications

• Relevant compliance experience required.
• Key skills needed include:
  • Ability to interpret statutory, regulatory and supervisory requirements.
  • Good written and verbal communication and report writing.
  • Basic Presentation.
  • Strong administrative and organisational.
  • Computer literacy.
  • Ability to work under pressure.
  • Deadline driven
  • Ability to build relationships
  • Strong administrative and organisational.
  • Ability to translate legal knowledge for a non-legal audience
  • Ability to work independently and in a team
• Currently studying towards a Business/law/commercial/compliance Degree/Diploma.
• Legal, Audit or commercial (e.g. Accounting) degree/national diploma (preferred).
• 1-5 years relevant experience required.

Duties and Responsibilities

Assurance

• Derive a monitoring coverage plan which talks to the Regulatory Universe and CRMPs of high-risk pieces of legislation.
• Implement the coverage plan including scoping and interaction with business, process analysis and report-writing.
• Monitoring and auditing relevant compliance records, processes and systems.
• Following-up on any outstanding non-compliant matters pertaining to the daily findings.
• Assist with the proper establishment and maintenance of procedures on the identification, reporting and resolution of compliance breaches and other compliance and regulatory issues.
• Assist in drafting monthly and quarterly compliance reports within your scope of responsibility to line Management.
• Contribute to the review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.

Advisory

• Assess the possible impact of any regulatory development on the operations of the business and work with the business from a compliance perspective.
• Provide advice to business on compliance and implementation of controls, including control effectiveness and adequacy assessments.

Training and awareness

• Identify training needs to mitigate the training instances of non-compliance identified during monitoring.
• Assist in compliance specific induction training.

Effective teamwork, Self-management and alignment with Group values

• Act at all times in ways that are consistent with MMH's brand and values.
• Continuously drive own professional development.
• Engage constructively with performance feedback.
• Handle stress in ways that do not negatively impact others.
• Continually share, debate and communicate learnings.
• Flag and debate issues constructively.
• Work collaboratively with others to achieve shared goals.
• Positively influence and manage change.