Our client, a financial services provider is looking for a Compliance officer who will be responsible for Identifying, accessing, and managing compliance risk. The incumbent will also be responsible for regulatory compliance monitoring and related activities for applicable Group companies.

Job responsibility:

To establish a Compliance Framework

Ensure company-wide commonality with respect to compliance risk management principles and methodologies

Design and implement standards, policies and procedures for compliance risk management that are in line with global best practice
Support, guide and educate the business and GRC Specialists on compliance related matters
Develop, implement and maintain the Cherwell Compliance and Surveys tool for compliance risk management in the fulfillment of its monitoring obligations, record keeping and subsequent reporting to various stakeholders
Take responsibility for all compliance and governance aspects under SAM
Development of reports, setting of reporting standards to provide accurate pertinent compliance reports
Provide guidelines for dealing with and escalation of compliance breaches
Assist the business in resolving (remedial action) compliance breaches to legislative requirements
To ensure that all the statutory reporting requirements are done on a timely basis as required in terms of the applicable legislation and/or approvals obtained
To identify all amendments to legislation, draft legislation and new legislative that impact or could impact the compliance universe

Ensure consistent interpretation and implementation of legislative requirements
Review and update the monitoring plan to include new high risk exposure areas to enable compliance to provide assurance on the implementation of new policies and procedures regarding the new/amended legislation
clarification/interpretation of new/amended legislation if required
Maintain strong working relationships with the applicable Regulators being FSB, SARS, SARB and FIC and with other interest groups in the financial services industry

Assist GRC Specialists to respond to regulatory enquiry received, including request for information, fines imposed, and outstanding statutory returns and onsite visits
Interact with the Regulators regarding proposed legislative amendments
Development of a monitoring plan in consultation with Head of Compliance

Develop and obtain approval of the risk based monitoring plan to be implemented by the Risk Committee
Monitor the effectiveness of controls to mitigate or minimize risks and to detect breaches on a timely basis
Formal Qualifications

LLB / or other relevant postgraduate qualification in compliance and risk management
FAIS approval for Category I, 2,2A and 3


Required Experience

3-5 years related experience
Understanding of the financial services and insurance industry essential