Specialist: Retirement Scheme Governance

**Core Description**:
Responsible to implement the Retirement Fund compliance policy and risk management plan, as well as setting company-wide compliance standards in order to provide a good and sound governance function. Design controls and compliance monitoring programmes to ensure compliance with regulatory requirements and provide training programmes to entrench a culture of compliance. Establish and build effective relationships with fund members, unions, the Board of Trustees, the Audit/ Compliance Committee and other stakeholders.

**Competencies**:**
FUNCTIONAL KNOWLEDGE**
Risk Management; Business Principles, Practices Processes; Annuity Products; Income Tax Act; Pension Acts & Regulations; Pension Fund Investments; Retirement Schemes; Regulatory Requirements.

**FUNCTIONAL SKILLS**
Interpersonal; Administration; Analytical; Decision Making; Relationship Building; Communication; Networking; Conceptual Ability.

**ATTITUDES/ LEADERSHIP COMPETENCIES**
Ethical; Dedicated; Accurate; Responsible; Trustworthy; Internal Locus of Control; Integrity; Transparency

**Responsibilities**:

- Monitor Compliance by developing compliance and governance monitoring programme
- Identify role players and allocate responsibility
- Ensure efficiency and coverage of regulatory risks and business activities
- Compare business practices with compliance rules to ensure that regulatory requirements are met
- Document discrepancies with rules and initiate corrective action
- Report on non-compliance and inform Principal Officer and Audit/ Risk/ Compliance Committee
- Identify meeting/ event requirements and schedule activities and participants
- Prepare relevant documents and distribute communication to aid relevant role players in implementing board decisions - Monitor/ follow up resolutions reached at meetings
- Ensure Compliance Communication
- Update compliance policy with legislative changes
- Prepare reports and attend Audit/ Risk/ Compliance Committee and Board of Trustees meetings
- Provide feedback regarding status of regulatory compliance
- Establish lines of communication with stakeholders
- Ensure documentation and communication is submitted to relevant stakeholders
- Provide consultancy, advise and recommendations on regulatory risks and business monitoring activities
- Implement Compliance/ Governance Policy and Risk Management Plan
- Set company-wide standards for compliance and develop policy
- Ensure implementation of policy and standards
- Identify, analyse and prioritise regulatory requirements and conduct risk assessment
- Develop compliance risk management plan
- Design controls to ensure compliance with regulatory requirements
- Compile and maintain compliance plan and allocate responsibilities for compliance measures
- Entrench a compliance culture through training programmes and awareness campaigns
- Monitor changes to legislation and adapt compliance risk management policy accordingly
- Establish and Maintain Stakeholder Relationships
- Determine key stakeholders
- Understand stakeholders position and interest
- Offer meaningful information to stakeholders
- Coordinate internal and external communication
- Monitor, review and refresh stakeholder relationship
- Provide a supporting role to the PEO and Trustees on pension Funds related matters
- Arrange and manager asset manager visits and develop a rooster of meetings with Fund associated asset managers and none TRF asset managers.
- Provide best in governance, pension fund management across the value chain.
- General of investments experience in pension Funds, i.e overlays, and derivatives, equities, bonds etc.
- Section 13A compliance monitoring and reporting

**Required Certification**:
N/A

**Qualifications**:
Relevant 3 year B.Com Degree or 3 year Legal Degree/ Diploma in Retirement Funds administration

**Experience**:
5 Years relevant experience in a Pension or Retirement Fund administration environment

**Special Requirements**:

- In-depth knowledge and understanding of the relevant pension acts and regulations.
- Familiar with relevant portions of legislation such as FAIS Act, Long Term Insurance and Labour Relations Act.
- Good understanding of the different types of retirement schemes, annuity products and pension fund investments.

**Comments**: