Permanent position situated in Bellville or Bloemfontein or Pretoria.
Your formal education:
Related degree (LLB, Bachelors in Law, Finance, Economics, Business Management or related fields).
RE1
Registered Phase 1 Compliance Officer with the FSCA
RE3 and/or Certificate in Compliance Management (advantageous)
together with 3-5 years related experience in a compliance function in the financial services with working knowledge of non-life (short-term) insurance (being an advantage) together with being bilingual (fluent in English and Afrikaans) will enable you to:
People:
Training and Education:Ensuring that all employees understand the compliance policies and relevant laws and regulations. This includes developing and delivering training programs on compliance-related topics.
Communication:Acting as the point of contact for compliance-related questions and building strong relationships with financial advisors. Providing clear and accessible guidance to employees and financial advisors on compliance matters.
Fostering a Compliance Culture:Promoting a culture of compliance and ethical behavior within Company.
Processes:
Regulatory Risk Management support:Develop and implement a compliance coverage plan based on the approved regulatory framework;
Implement all necessary actions as per the compliance plan to ensure achievement of the compliance plan objectives;
Assist the Compliance Manager in the maintenance of compliance policies, procedures and other compliance documentation.
Licensing and profile changes:Ensure that license profile changes are submitted timeously to the Regulator.
Monitoring:Conduct monitoring as per the agreed compliance coverage plan;
Monitor and or maintain all compliance registers;
Compile a monthly file monitoring schedule as per the monitoring plan and report findings to the Compliance Manager;
Liaise with internal departments, co-ordinate meetings with line managers and provide monitoring feedback to financial advisors.;
Conduct branch monitoring;
Review internal monitoring process and results, identify trends and risks for Company;
Escalate high risk findings to the Compliance Manager immediately.
Ad hoc support for Compliance projects:Assist the Compliance Manager with any compliance project.
Reporting:Assist Compliance Manager to compile internal compliance reports on all compliance activities, compliance risks;
Assist with reporting to the regulator and other industry bodies.
Recordkeeping:Store all compliance records securely in a manner that allows for easy retrieval on SharePoint;
Correct naming conventions must be adhered to when documents are stored on SharePoint;
Maintain compliance documentation on the intranet.
Training and Awareness:Assist Compliance Manager with compliance training and awareness initiatives.
General:Stay abreast of regulatory matter by attending webinars en reading newsletters;
Attend regular compliance meetings as required.
Attend to general compliance queries from advisors as well as other departments within the company and escalating where necessary.