Senior Compliance Officer
3 months ago
**Introduction**Disclaimer**
- As an applicant, please verify the legitimacy of this job advert on our company career page.**Role Purpose**
- The role purpose is to assist the Head of Compliance advice, guide and monitor compliance with all legislation relevant to the non-banking financial services industry and pension fund administration environment and report on the level of compliance, compliance results to the respective governance forums.**Requirements**:
- Qualifications- Relevant legal qualification
- Member of the Compliance Institute of Southern Africa
- C.Prac (advantageous)
- Risk management (advantageous)
- RE1
- RE5 (advantageous)
- Meet the requirements to be registered with the FSCA and FIC for relevant regulatory roles.
Experience
- Minimum 5 years’ experience in an end-to-end compliance function with in dept knowledge of the life insurance (group business), consulting business and pension fund industry.
- Must have technical understanding of the Insurance Act and Pension Funds Act
- Must have a strong understanding of the Financial Advisory and Intermediary Services Act, Financial Intelligence Centre Act.
**Duties & Responsibilities**
- Managing FIC/AML compliance within the business and ensuring timeous reporting to the regulatory authorities.
- Managing FAIS compliance within the business and ensuring timeous reporting to the regulatory authorities.
- Developing and implementation of compliance risk management plans
- Proactively identifying existing and potential control deficiencies and exposures from ongoing monitoring reviews
- Proving guidance to business on the avoidance/mitigation of potential compliance risks and implementation of remedial action plans
- Maintaining expert knowledge on applicable laws and regulations, including relevant amendments thereto.
- Propose and implement compliance management awareness programs.
- Promoting a positive compliance culture that emphasis and demonstrates the importance of policies, procedures and internal controls by pointing out the implications of non-compliance.
- Developing leading and/or participating in the staff compliance training
**Competencies**
- Ability to identify compliance risks and make recommendations that are appropriate for the business.
- Attention to detail and meticulous accuracy is essential.
- Ability to professionally communicate with various levels of staff and management.
- Ability to explain technical legal requirements to non-legal persons in plain and understandable language.
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