Compliance Manager
5 days ago
Job Location : Gauteng, Johannesburg
Deadline : April 10, 2025
Job Purpose
- Responsible for the oversight of the key activities of the Compliance function. This entails the leadership and guidance of the compliance team and the organisation as a whole, to ensure statutory compliance with all the regulatory requirements and internal policies, through providing advisory governance and monitoring services.
Responsibilities
Regulatory & Compliance Management- Help design and implement a compliance program, liaising with the regulator to ensure the program adheres to regulatory and compliance standards.
- Act as compliance advisor and SME.
- Proactively analyse new upcoming regulatory changes to identify risk and opportunities.
- Drive the development and implementation of the compliance risk management and monitoring plan. Plan ongoing compliance activities and output.
- Take responsibility for providing specific elements of the regulatory affairs service with guidance from senior colleagues.
- Manage relationships with the various regulators in order to manage associated risk. Reporting on the compliance status of the Group externally to the regulator on a monthly, quarterly and annual basis with the oversight and guidance from the Senior Compliance Manager.
- Implement initiatives that promote a compliance culture and enhances customer outcomes.
- Plan and manage the delivery of various compliance activities throughout the organisation, ensuring that it addresses identified risk areas.
- Identify organisation-wide issues, proposing appropriate business process or system improvements.
- Ensure that relevant Senior Compliance Management is informed of significant issues and the actions being taken to resolve these.
- Contribute to the design and creation of reporting strategies and templates. Lead execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations.
- Ensure group compliance with relevant legislation through ongoing analysis and reporting.
- Report on the compliance status of the Group internally to the General Manager, Executive Heads, Group Chiefs and key individuals on a monthly, quarterly and annual basis.
- Provide specialist advice on the interpretation and application of policies and procedures, resolving queries and issues.
- Provide compliance advice and solutions to business and compliance monitoring officers proactively and on request.
- Involvement in various organisational projects such as new product development, new business partnerships, new compliance developments and business forums.
- Communicate the local action plan; explain how this relates to the function's strategy and action plan and the broader organisation's mission and vision; motivate people to achieve local business goals.
- Identify and manage stakeholders up to management level, finding out their needs / issues / concerns and reacting to these.
- Build relationships with various internal and external stakeholders. Keep all stakeholders informed of regulatory requirements, changes and deadlines.
- Develop and propose own performance objectives; take appropriate actions to ensure achievement of agreed objectives.
- Manage and report on team performance; set appropriate performance objectives for direct reports or project / account team members.
- Identify, analyse, and evaluate the effectiveness of current policies and business processes that are in scope of the Compliance Management System.
- Drafting, drawing and vetting of commercial agreements.
- Manage and maintain an effective compliance system.
- Help develop procedures for an area of the organisation, and monitor their implementation.
- Drive an awareness of these policies and procedures and ensure training is undertaken throughout the organisation on an ongoing basis.
- Identify contract requirements and write specifications for a small portfolio or area of the business for existing contracts and / or new contracts.
- Ensure contracts meet all compliance requirements.
- Identify trends, summarise findings, and give feedback on existing contract requirements.
- Use the organisation's formal development framework to identify the team's individual development needs. Plan and implement actions to build their capabilities.
- Grade 12 / SAQA Accredited Equivalent (Essential); BProc / LLB Degree or other equivalent degree (Essential); Registration as Compliance Officer with the FSCA (Essential); Registration with the Compliance Institute (Advantageous); Diploma in Compliance Management (Advantageous); Admitted Advocate / Attorney (Advantageous)
- 5 or more years' compliance governance and risk management experience in the Insurance and Financial Industry (Essential). Managerial Experience 1-2 years' experience of planning, managing and organizing resources within short / medium timescales within the overall policy framework (Essential)
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