Compliance Manager

5 days ago


Randburg, Gauteng, South Africa Telesure Investment Holdings Full time

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.
Regulatory Affairs
  • 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.
Compliance Monitoring
  • 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.
Insights and Reporting
  • 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.
Information and Business Advice
  • 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.
Leadership and Direction
  • 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.
Stakeholder Engagement
  • 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.
Performance Management
  • 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.
Compliance Management System
  • 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.
Policy Development & Implementation
  • 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.
Contract Requirements
  • 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.
Organisational Capability Building
  • Use the organisation's formal development framework to identify the team's individual development needs. Plan and implement actions to build their capabilities.
Education
  • 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)
Experience
  • 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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