Manager: Risk & Compliance page is loaded Manager: Risk & Compliance Apply locations Johannesburg time type Full time posted on Posted Yesterday job requisition id JR-52015 Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
The purpose of this role is to provide Regulatory Risk & Compliance advice and oversight from a second line of defence perspective for the Old Mutual Insure Group which contributes to business growth, sustainability and strategy realisation driven by the Values of the Group.Creation and maintenance of the regulatory compliance framework, processes, systems and policies
Conduct research on regulatory and market trends
Analyse legal requirements and convert into plain language
Identify new and emerging regulatory (regulatory developments) trends
Conduct a gap analysis and risk assessment on new and emerging regulatory trends identified
Workshop regulatory developments to team and relevant stakeholders
Execute technical monitoring through prudential review and process.
Provide input into regulatory reports / responses to various internal Enterprise committees/boards i.e. Old Mutual Insure Executive, Board and Group Old Mutual Limited
Plan, conduct and report on the compliance function self-assessment
Create and update the Planning Memorandum
Develop material for training and conduct awareness initiatives to the Compliance Function and enterprise wide
Implement systematic approaches to compliance of regulatory risk
Assist with the compilation of regulatory universe
Service delivery to ensure customer satisfaction Build and maintain relationships with 2nd line team.
Ensure professional services are provided where expectations are managed in terms of outcomes.
Continuous improvement to ensure effective service Ensure adherence to organisational policies, practices and procedures.
Identify and recommend areas / ways to improve processes.
Cost control and governance adherence Proactively ensure use of time, of resources, money, materials or equipment is in line with policies and procedures.
Comply with corporate governance policies, procedures and standards.
Operate within agreed mandates.
Corporate Governance to ensure adequacy and effectiveness of internal controls Ensure that risks and events are identified; owned; assessed; reported and managed within the 2nd Line of Defence.
Timely escalation of non-compliance, material risks and events in line with the Escalation Policy/Standard and supported by recommendations of remediation plans.
Experience, knowledge & skills required BA/BCom degree or equivalent;
LLB degree or
Postgraduate Diploma in Compliance Management (preferred) and
RE1 and RE 5
CISA CPrac (beneficial)
5 minimum compliance management experience in the financial industry
7 years relevant experience in a regulatory risk & compliance role, in Short Term Insurance (STI). Operational STI experience is advantageous.
Technical Skills & Knowledge Proven research experience
In depth knowledge of FAIS, Insurance Act, Short-term Insurance Act, POPIA, subordinate insurance legislation & regulatory developments
Understanding of the overall dynamics of the insurance and financial services industries.
Sound understanding of the business of intermediaries and binder holders. Sound understanding of regulatory and compliance issues pertinent to the Short- Term Insurance.
Business acumen.
Advanced numeracy.
Service and delivery orientated
Attention to detail
Analytical thinking
Lateral thinker
Professional attitude and approach
Excellent interpersonal skills
Strong presentation skills
Strong client orientation
Teamwork
Skills Education Closing Date
22 June 2024The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question. Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19. All prospective employees are required to disclose their vaccination status as part of the recruitment process. Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so. The Old Mutual Story! Similar Jobs (1) Senior Consultant: Financial Crime (Compliance) remote type Hybrid locations 2 Locations time type Full time posted on Posted 4 Days Ago
Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending.
We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.
#J-18808-Ljbffr
