Compliance Manager- Monitoring Group Neg

Compliance Manager - Monitoring

Excellent opportunity for a highly experienced COMPLIANCE MANAGER - MONITORING.

Education and Experience

• Relevant tertiary education
• 6 years’ experience in large corporate environment in management, including staff management, implementation and maintenance of processes and procedures.
• Demonstrated success leading change initiatives.

Duties & Responsibilities

Compliance Risk Monitoring

• Contribute and review of annual compliance monitoring plan for the Group Compliance Management Committee.
• Present the monitoring plan to the relevant stakeholders in the various business units.
• Execute on the monitoring plan approved by the governing body, through evaluation of control activities to provide assurance that control activities are conducted in compliance with the highest compliance obligations.
• Continuously contribute to the Group Compliance monitoring methodology, framework, reporting templates and supporting standard operating procedures.
• Keeping abreast with all regulatory developments and changes in the financial services industry and industry practices.

Reporting

• Review and secure approval of all compliance monitoring reports.
• Attend to annual monitoring plan close-off reporting.
• Provide input into the monthly reports to the various Financial Services Providers (FSPs) within the Group.

Management of Monitoring Officers

• Provide guidance and advise on day-to-day tasks to fulfil execution of monitoring plan timeously.
• Manage and oversee all employee related activities and matters.
• Draft job specifications.
• Draft and review personal and skills development plans.
• Conduct regular performance management reviews.

Operational

• Review business activities to determine compliance with applicable regulatory requirements.
• Compiling of appropriate engagement letters.
• Presenting engagement letters to senior management prior to commencement of monitoring activities.
• Draft and produce finalised working papers and evidence for all components of work, as per standards set in the Compliance Methodology.
• Ensure that working papers are appropriate and include supporting evidence/documents.
• Agree detailed findings with management and provide appropriate recommendations for management actions.
• Presenting monitoring outcomes and recommendations to senior management.
• Obtain and review management comments and action plans related to compliance incidents (breaches and exposures) identified.
• Preparation of follow-up progress reports.

Desired Experience & Qualifications

Personal Attributes and Skills

• Experience and skills to manage a professional team.
• Detailed knowledge of South African legislation and regulations to be able to interpret and apply legislation.
• Problem solving skills and conflict-management of situations in a constructive and professional manner.
• Ability to make rational judgements from the available information and analysis and provide considered and consistent advice.
• Strong communication, reporting and presentation skills.
• Ability to work as a team, understand the impact of decisions and be confident enough to raise concerns within the team and to senior management.
• Strong research ability and attention to detail.
• Strong listening, organisational and communication skills.
• Strong leadership and teamwork qualities, including but not limited to, guiding and motivating of team members to achieve a common goal, setting of objectives for the team and supporting their development and be productive.
• Foster a positive work environment that promotes employee satisfaction and retention.
• Experience working in or with short- or long-term insurance companies is beneficial.
• Develop an effective network with business representatives and to build the necessary trust relationship with business representatives, such as executive members and senior management.
• Writes in a well-structured and logical way – must have ability to write and review compliance reports and draft compliance guidance notes with detail required to inform the business of regulatory requirements and potential impacts.
• Able to work well under pressure.
• Efficient time management skills, including quick turnaround time on quality work.

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