Discovery Group Compliance
Centre of Excellence
Compliance Officer- Governance Reporting
About Discovery
Discovery's core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.
Key Purpose
The FAIS Centre of Excellence is a compliance function within Group Compliance that provides compliance oversight and advice to Discovery FSPs, Key Individual and Representatives.
The purpose of this role is to be responsible for drafting and completion of all FSP reporting obligations, be responsible to facilitate all FAIS-related regulatory submissions and ensure effective communication channels are maintained with all stakeholders in the business and that the FSPs follow best practices and the compliance methodology.
Areas of responsibility
The successful candidate will be required, primarily, but not limited to:
Keep abreast of regulatory developments and changes in the financial services industry, with particular focus on FAIS and all subordinated legislation.
Maintain the regulatory universe for the business.
Provide comprehensive feedback to senior management and committees.
Responsible for drafting of all FSP reports to various committees.
Responsible for drafting of all reports to the regulator and/or industry bodies and to obtain sign-off.
Ensure that all reports are timeously submitted to the various committees.
Update and maintain the incidents (breaches and exposures) register, communicate to the relevant compliance officers on the status of the incidents and to track implementation.
Compile the monthly non-compliance report to senior management.
Responsible for drafting the OMNI Conduct of Business Return and submission to the regulator.
Design, review and sign-off compliance reports as and when required.
Facilitate meeting interactions with the relevant business stakeholders and the regulatory and/or industry bodies.
Ensure that questionnaires and surveys are timeously completed by the FSPs.
Provide support on projects such as new business initiatives and third-party interactions as and when required.
Skills and Personal Attributes
Detailed knowledge of local (South African) legislation relating to financial services and able to interpret and apply legislation, including, but not limited to the following: FAIS, POPIA, Insurance Act.
Sound understanding of compliance methodology, working knowledge of all elements comprising.
Problem solving skills and conflict-management of situations in a constructive and professional manner.
Ability to make rational judgements from the available information and analysis and provide considered and consistent advice.
Strong communication, reporting and presentation skills.
Ability to work as a team, understand the impact of decisions and be confident enough to raise concerns within the team and to senior management.
Strong research ability and attention to detail.
Detailed and technical expertise in the operation and governance requirements of FSPs.
Develop an effective network with business representatives and to build the necessary trust relationship with business representatives.
Writes in a well-structured and logical way – must have ability to write and review compliance policies and draft compliance guidance notes and reports with detail required to inform the business of regulatory requirements and potential impacts.
Able to work well under pressure.
Efficient time management skills, including quick turnaround time on quality work.
Education and Experience
3 years' of working experience in a financial services compliance role in the application of FAIS within the FSPs as well as thorough understanding of the legislation.
Relevant tertiary education
Recognised compliance qualification from accredited institution
Member of Compliance Institute of South Africa or Financial Planning Institute would be advantageous.
Role Specific Behaviours
Action Oriented
Ensures accountability
Communicates effectively
Drives Results
Resourcefulness
EMPLOYMENT EQUITY
The Company's approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.
