Professional Compliance Specialist

PPS; Johannesburg; On-site; ZAR 700,000 - 1,000,000; Full time

Job summary

PPS is seeking a Compliance Risk Management professional to implement compliance risk solutions within strategic guidelines and policies, helping manage regulatory risks by providing advice to operational management.

Reporting to the Senior Manager: Group Compliance, the role applies risk management principles, policies, processes, and CURA to minimise risks and ensure adherence across the business unit.

Qualifications

• Bachelor’s degree in Law, Commerce, Risk Management, or related field
• Postgraduate Diploma in Compliance Risk Management or FAIS RE 1 (preferred)
• FAIS RE 1 (Key Individual exam) advantageous, registration as FAIS Compliance Officer

Responsibilities

• Project management and implementation of key compliance projects.
• Identify gaps or potential deficiencies in compliance and other business areas and resolve.
• Presentations to Exco, or key resource used by Exco, for delivery of projects.
• Risk Assessment of Regulatory items.
• Comments on draft bills and other draft regulatory requirements.
• Maintain compliance risk assessments and compliant risk management plans for prioritised regulatory items on CURA.
• Developed and maintained compliance monitoring plans.
• Compliance monitoring activities.
• Recommended corrective actions – prescribing and escalations.
• Managed corrective action.
• Managed complaints.
• Managed breaches and risk exposures.
• Implementation of requirements arising from new and amended regulatory items.
• Compliance training on regulatory items.
• Training on compliance methodology.
• Compliance reporting.
• Provide advice to business on compliance matters and implementation of controls, including control effectiveness assessments.
• Support business in providing necessary updates on CURA.

Skills

Ethics & Integrity

Analytical Thinking

Effective Communication

Risk Management

Change Management

Planning & Organisation

Relationship Building

Education

Bachelor’s degree in Law/Commerce/Risk Mgmt

Postgraduate Diploma in Compliance Risk Management or FAIS RE 1

FAIS RE 1 advantageous, registration as FAIS Compliance Officer

Job description

To implement compliance risk management solutions within strategic guidelines and policies and to facilitate the management of compliance risks and breaches within the Business Unit through application of accepted risk management principles. Reporting to the Senior Manager: Group Compliance, the successful incumbent will be responsible for proactively and constructively assisting business in managing its responsibility to comply with all regulatory items and minimise compliance risks through the provision of advice and guidelines to operational management through the application of risk management principles, policies, processes and procedures.

Requirements

Education

• Bachelor’s degree in Law, Commerce, Risk Management, or a related field
• Postgraduate Diploma in Compliance Risk Management or FAIS RE 1 (preferred)
• FAIS RE 1 (Key Individual exam) advantageous, requirement for registration as FAIS Compliance Officer

Experience

• At least 4 years’ experience in financial services compliance, long-term insurance experience will receive preference
• Knowledge of Financial Services Regulatory Environment
• Legislative Knowledge
• Demonstrated knowledge of Compliance Risk Management Methodology
• Working knowledge of CURA (advantageous)
• Ability to write, communicate and interpret legislative requirement at the appropriate level
• Ability to implement annual compliance plan
• Ability to advise business on compliance matters

Scope

Reporting to the Senior Manager: Group Compliance, the successful incumbent will be responsible for proactively and constructively assisting business in managing its responsibility to comply with all regulatory items and minimise compliance risks through the providing of advice and guidelines to operational management through the application of risk management principles, policies, processes and procedures.

Competencies

• Ethics and Integrity
• Judgement
• Analytical Thinking
• Effective Communication
• Change Management (Behavioural)
• Planning and Organising
• Influence/Persuasion
• Relationship Building

Strategic Orientation

• Knowledge and understanding of the financial services regulatory environment.
• Acts with confidence and works independently within a team environment.
• Provides input to Compliance strategies and plans.

Duties and Responsibilities

• Project management and implementation of key compliance projects.
• Identify gaps or potential deficiencies in compliance and other business areas and resolve.
• Presentations to members of Exco, or key resource used by Exco, for delivery of projects.
• Risk Assessment of Regulatory items.
• Comments on draft bills and other draft regulatory requirements.
• Maintain compliance risk assessments and compliant risk management plans for prioritised regulatory items on CURA.
• Developed and maintained compliance monitoring plans.
• Compliance monitoring activities.
• Recommended corrective actions – prescribing and escalations.
• Managed corrective action.
• Managed complaints.
• Managed breaches and risk exposures.
• Implementation of requirements arising from new and amended regulatory items.
• Compliance training on regulatory items.
• Training on compliance methodology.
• Compliance reporting.
• Provide advice to business on compliance matters and implementation of controls, including control effectiveness assessments.
• Support business in providing necessary updates on CURA.