COMPLIANCE OFFICER

Compliance Officer

Role Purpose

Implement the compliance strategy aligned to the compliance monitoring plan to assist the business in honoring their responsibility to comply with applicable regulatory requirements through directing the

compliance function through identification, assessing, managing, monitoring and report on regulatory compliance risks facing the organization.

This position shall further provide assurance that company policies and procedures are being complied with and that the organization meets the regulatory and company's own standards and ensure that compliance support is aligned to

business strategy.

Key Responsibilities and Work Outputs :

Implement and manage an effective compliance program through the development and management of risk and compliance plans.

Develop and review company policies including effective implementation of policies and guidelines

Advise management on the companys compliance with laws and regulations through detailed reports.

Create and manage effective action plans in response to audit discoveries and compliance violations.

Regularly audit company procedures, practices, and documents to identify possible weaknesses or risks.

Tracking and monitoring of key risk indicators, controls, and action plans.

Assess company operations to determine compliance risk.

Conduct research on compliance related topics

Develop training materials and assist with training to ensure all employees are educated on the latest regulations and processes.

Assist in compiling risk and compliance reports

Collaborate with other leaders on cross-functional initiatives that focus on the mitigation of compliance risks.

Work with external partners such as Internal Audit to endure the effectiveness of the compliance function

Assist in innovate the Compliance program and function and identify improvements to existing processes and plans.

Provide guidance to business and assist with implementation of compliance policies and projects.

Drafting and compiling regulatory submissions.

Prudential Authority Specific Responsibilities :

Ensure compliance with regulations issued by the Prudential Authority.

Stay abreast of Prudential Authority directives and guidelines relating to non-life insurers.

Monitor compliance with Prudential Authority requirements.

Prepare and submit Prudential Authority notifications, applications, and reports.

Competencies required :

Excellent organizational and administrative skills

Excellent communication skills (verbal and written)

Report writing skills

Accountable, takes Ownership and Responsibility

Attention to detail

Negotiation skills and Problem-solving ability

Strong People skills

Ability to work independently and in a team environment

Analytical thinker with investigative instinct

Self-disciplined and self-motivated

Stress Tolerance, tenacity and Resilience

Professional approach

Assertive and tactful with the ability to handle conflict

Results driven

Qualifications :

LLB, Legal or Compliance qualification.

Successfully passed the Key Individual Regulatory Examination 1 as required by the FSCA for Licensed Compliance Officers

Phase I Approved - Category I FAIS Licensed Compliance Officer would be advantageous

Post Graduate Diploma in Compliance Management would be advantageous

Risk Qualifications will also be an advantage

Experience :

At least 5 years Compliance experience in the financial services industry

2nd line compliance experience

In depth knowledge of legislation relating to non-life insurers, including Financial Sector Regulation Act.

On-site meetings and engagements with Regulators.

Experience that will be advantageous :

Combined assurance planning and execution

1st line compliance experience

Regulatory Complaints Handling

Location :

This role is based in Centurion.

Salary Offer :

R800,000.00 CTC / Annum