Qualification B Degree/B Tech/Advanced Diploma inCommerce/Law/Business Administration atNQF7 with 360 creditsA member of the Compliance Institute Southern Africa/Admitted AttorneyProfessional Registration Body: Compliance Institute Southern Africa (CISA)Minimum of 10 years working experienceManagement of a compliance function or compliance specialist position at a financial institution or non-life insurerCore skills:Leadership and managementPersuasion and interpersonalResearch methodology and analyticalReport writing and presentationComputer literate and review system applicationsInteract at high level senior management, regulators and the BoardDeliver authoritative solutions to complex challenges in processesAssess situations, exercise discretion and correct judgement in sensitive mattersBuild networks with high-ranking officers and officials from other insurers and regulatorsJudgement and decision making Negotiation and conflict resolutionAccurateLateral thinkingQuality orientedWork under pressureKey Performance Areas (summary of functional outputs):Oversee compliance.Provide compliance reporting.Manage stakeholders.Manage resources.Key Customers:The company board of directors and board committeesThe company chief executive officer and senior managementRegulatorsHeads of control functions actuarial, internal audit and risk managementThe company secretaryExternal auditorsHead of complianceOversee compliance Providing input and recommendations to the board regarding risk management system component operations, efficiency, effectiveness and internal compliance controls relevant to the compliance control function.Overseeing the development of an annual compliance work plan reflecting the company's unique characteristics.Reviewing the compliance plan as a result of change.Overseeing and monitoring legal and regulatory obligations are met, promoting and sustaining a sound compliance culture.Overseeing the implementation of the company's risk-based compliance monitoring plan.Developing and implementing a compliance policy and framework to oversee compliance in the organisation.Advising the board and management regarding compliance related issues.Overseeing the company's compliance universe maintenance.Overseeing compliance risk management plans (CRMPS) are implemented and updated for relevant parts of legislation.Keeping abreast of changes to laws, regulations, and standards and advising board, senior management regarding required changes to policies and procedures.Liaising with relevant role players regarding compliance requirements and the impact on business.Informing board and senior management regarding relevant new legislation, regulations and standards.Communicating and facilitating training to the organisation regarding relevant legislation, policies, procedures, and compliance requirements as determined to ensure compliance.Advising on compliance requirements regarding policies, procedures and legal requirements.Adjudicating on appeals received from policyholders and claimants regarding insurance claim decisions.Investigating and addressing compliance matters.Developing policies, programs to encourage managers and employees to report suspected fraud, improprieties without fear of retaliation.Providing direction and assurance to the company board, senior management regarding policies and procedures in place are understood, adhered to by employees and the com an is com I in with relevant le al and regulate requirementProvide compliance reporting Reporting to the board, relevant committees and stakeholders regarding the compliance status in the company.Compiling relevant compliance reports reflecting performance against compliance requirements.Reporting in writing to the board or committee reasonable suspicion that financial sector law applicable to the company has or is being contravened.Reporting information to the board, relevant committee regarding the function resources and an analysis of resources appropriateness.Ensuring applicable statutory reporting obligations from Companies and IntellectualProperty Commission (CIPC) and Prudential Authority regulators arecomplied with.Reviewing and determining information, documentation received from and provided to the regulator is correct and complete.Reviewing, completing, signing and submitting relevant applications, notifications to regulators according to regulate requirements.Manage stakeholders Attending to engagements with the company's regulators Financial Sector Conduct Authority (FSCA), Prudential Authority etc.
during onsite, ad-hoc visits.Liaising with regulatory authorities regarding compliance issuesManage resourcesDetermining key integrated objectives and business plans for the compliance control function.Ensuring organisation strategic objectives are met.Directing and managing the compliance control function team performance and development.Ensuring compliance with ethics, company values, sound corporate governance principles and adherence to the Public Finance Management Act (PFMA).Maintaining sound labour relations.Mentoring, coaching and leading the compliance control function team.