Role Purpose/Business Unit:
To assist the Executive Head of Risk and Compliance with the implementation enhancing and maintaining the regulatory controls within the financial services division as it specifically relates to insurance, payments, lending and investment products and services. To ensure that there is proper oversight and management of outsourced partnerships.
Your responsibilities will include:
Regulatory and Commercial support
Interfacing with, monitoring and advising on pending, anticipated and new legislation and bills that impact on the business.
Preparing business impact assessments and training to the relevant business teams to ensure readiness to comply with new laws.
Ensuring compliance with current regulatory environment, internal policies and relevant contractual agreements in accordance with an internal compliance plan.
Sourcing and providing reference materials and doing relevant legal research and providing legal opinions and advice regarding interpretation of laws vis-a-vis the company's operations, from time to time.
Develop appropriate Terms and Conditions and Contract for New Products as may be launched from time to time.
Preparation/vetting and execution of legal documents (customer and supplier contracts and other types of commercial agreements) in conjunction with the Vodacom Group Legal division.
Ensure timely renegotiation and renewal of customer contracts prior to expiry as well as engaging with the outsourced service providers to provide oversight and assess levels of risk and compliance. Recommend areas of improvement and identify action items to be put in place to rectify areas of non-compliance.
Coordinate engagement and Interface with industry regulators to ensure that the Company's licenses and other statutory obligations are up to date, following up and ensuring that any requests or pending applications of the Company receive attention to conclusion.
Any other duties as may be assigned by the EHoD: Regulatory, Risk and Compliance from time to time.
Stakeholder management
The ideal candidate for this role will have:
Must have technical / professional qualifications:
Bachelor's Degree is desirable and a Master's degree will be an added advantage
Minimum of 7 years' experience in a legal and/or regulatory role preferably in a financial services company or a fintech.
Specific experience in dealing with Insurance Regulators, Lending and Payments Association of South Africa (PASA).
Core competencies, knowledge and experience:
Excellent Interpersonal and Communication Skills.
Excellent Legal Drafting Skills.
Good understanding of both Corporate and Commercial Law environment coupled with good grasp of the financial services industry
A good understanding of Laws and Regulations, as it relates to insurance, payments, lending and investments
Demonstrate ability to interact with regulators
Well sharpened inter-personal relations skills and ability to interact, work with and interface with all authorities within the legal, regulatory and institutional space of the Company.
Build trust and maintain values that ensure mutual respect between the Company and other stakeholders (internal & external)
Able to guide professionals and synergize with other departments / functional heads.
Ability to multitask and work in a fast paced environment.
Job Skills:
Ability to transfer regulatory knowledge into sound business practices.
Analytical and sound financial skills
Effective interpersonal and communication (verbal and written skills)
Relationship management including influencing and persuasion skills
Presentation and facilitation skills
We make an impact by offering:
Enticing incentive programs, competitive benefit packages, and an exclusive 13th cheque
Retirement funds, risk benefits, and medical aid benefits
Cell phone and data benefits, advantages fibre connection discounts, and exclusive staff discounts offered in collaboration with partner companies
Closing date for Applications: 18 September 2024
The base location for this role is, Vodacom Campus, Midrand.
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. Vodacom is committed to an organisational culture that recognises, appreciates and values diversity & inclusion.
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