A diversified financial services group is currently looking for a Regulatory compliance Manager to take responsibility for proactively and constructively assisting the Group in managing its responsibility to comply with all regulatory requirements 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.
DUTIES & RESPONSIBILITIES, NOT LIMITED TO:
Compliance risk assessment, identification, managing and reporting of regulatory requirements
Comments on draft Bills and other draft regulatory requirements
Implement compliance risk assessments and compliant risk management plans for prioritised regulatory requirements
Recommended corrective actions – prescribing and escalations
Manage regulatory breaches and compliance risk exposures
Implementation of requirements arising from new and amended regulatory requirements
Contribute to the creation of a compliance culture and compliance awareness in the division by becoming a trusted advisor to 1st line (whilst maintaining independence of mind as part of 2nd line)
Execute on all Regulatory Compliance projects (end-end) within set timelines
Provide compliance advice, guidance and recommendations to 1st and 2nd line on structuring agreements in terms of various insurance legislation
Ensure accurate and timely reporting on any non-compliance, the management of compliance risks, and the state of compliance in the division (1st line)
Provide advice, guidance, and recommendations to stakeholders on the state of regulatory compliance by reporting on how key risks are being managed, highlighting areas that require immediate attention and recommend corrective action to and by stakeholders
Present potential compliance regulatory findings to stakeholders through formal engagement
Take an active part in all Regulatory Compliance governance
Have a monthly one-on-one engagement with each of your key stakeholders in 1st and 2nd line (e.g., business, risk team, legal team)
Assist in filing regulatory reports to the respective regulators, keeping the company in good standing with regulatory bodies
Compliance reporting
REQUIREMENTS:
Law degree(s) (essential)
At least 5 years' relevant experience in regulatory compliance and risk management, monitoring and reporting (essential)
Certificate or Diploma in Compliance Management (advantageous)
Member of CISA (preferable)
Strong speaking / verbal expression
Strong writing skills
Facilitation
Conflict Handling
Influencing
Financial Services Regulatory Environment (life and non-life)
Advanced level of knowledge of financial sector laws including the Insurance Act and Regulations, FAIS Act, STIA, LTIA, PPRs, FICA, etc)
Operational knowledge of Anti-money laundering legislation
Risk Management methodology
Compliance management
Behavioural Competencies:
Analytical Thinking
Sense of urgency
Result & learning orientated
Team player
Innovative
Collaborative
Attention to detail
Be able to work under pressure
Job Type: Full-time
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