Excellent opportunity to join a reputable firm as Compliance Specialist!
Duties & Responsibilities
Ensure that the Compliance Risk Management process is implemented across the Group.
Identify legislation that is applicable and ensures that all legislative and statutory requirements are minimized.
Assess the impact of legislative and regulatory key requirements of applicable laws in terms of probability and severity.
Ensure that recommendations are made to the Group in respect of complying with such legislation including the leading of operational projects to ensure compliance with specific legislation.
Plan and execute compliance monitoring activities timeously.
Monitor the efficiency and consistency of compliance controls.
Update the relevant compliance monitoring programs where necessary.
Undertake professional reviews of department’s compliance with legislation.
Report breaches of legislation to management for appropriate action.
Draft effective compliance risk management plans and compliance manuals.
Ensure that the compliance manuals are up to date and complete.
Ensure that annual targets and objectives are met.
Providing compliance training to relevant staff members.
Ensure that the Group stays abreast with changes to legislation.
Provide compliance advice as well as support to line management in the specific business units.
Train subordinates within the department.
Desired Experience & Qualification
QUALIFICATION REQUIREMENTS FOR THIS POSITION:
Relevant bachelor’s degree – LLB or Bcom Law, or BA Law.
Postgraduate Diploma/Certificate in Compliance.
Approved Compliance officer.
EXPERIENCE REQUIRED FOR THE POSITION:
5 - 6 Years relevant experience in Compliance.
4 Years in a control environment.
KNOWLEDGE REQUIRED FOR THE POSITION:
Knowledge of the South African Regulatory Environment in the Financial services sector.
Specific knowledge of compliance risk management.
Relevant experience in the life insurance industry.
Specific knowledge of FAIS, LTIA, FICA, NCA, PPR.