Compliance and Legal Manager

-Introduction

Through our client-facing brands Metropolitan and Momentum, with Momentum Money (our wellness and lifestyle rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.
Role Purpose

To manage the execution of the compliance programme within the Admin FSP as per the FAIS Act and to ensure the achievement of Risk and Compliance objectives and to build relationships with stakeholders at all levels to support business to fulfil their Compliance obligations. In addition to partner proactively and constructively with business to provide legal assistance & mitigate legal risk, assist in negotiations & finalization of contracts and provide formal and ad hoc legal opinions on a variety of issues.
Requirements
- Legal or Audit degree (preferred)
- Must be an admitted attorney (advantageous)
- Relevant Finance or Business degree with a post-graduate qualification in Audit or Compliance
- FAIS phase 1 and 2 CO approval (compulsory)
- Minimum of 8 years' Compliance experience in the financial services industry
- Minimum of 3 years legal experience
- 1 year CO on record at another LIP (optional)
Duties & Responsibilities
INTERNAL BUSINESS PROCESSES:

- Oversee the design of the regulatory universe and monitoring coverage plan (MCP).
- Oversee the Implementation of the coverage plan including scoping and interaction with business, process analysis and report-writing.
- Ensure the regulatory compliance breach management and follow-up process is followed to enable business to manage and resolve breaches.
- Monitor and provide appropriate oversight for any outsourced or independent compliance functions performed by any legal entities in the business.
- Review all formal and ad hoc reports.
- Work with other assurance providers to provide combined assurance ((Risk, Internal and External Audit and Actuarial where relevant).
- Initiate and contribute to the review of all critical business processes from a regulatory compliance perspective and make recommendations for improvement.
- Oversee completed audits and ensure follow up on outstanding findings and required areas of improvement.
- Prepare Quarterly Compliance Report and present to Exco.
- Submit Quarterly Compliance Report to Group Compliance function and assist Group Compliance function to compile the Quarterly Group Compliance Report.

Careers at Momentum Money
Advising (Written compliance opinions/memos)
INTERNAL BUSINESS PROCESSES:

- Provide professional advice and guidance to business on compliance matters.
- Continually align the compliance landscape to the business strategy to enable the business to achieve its objectives in a compliant and sustainable way.
- Monitor and communicate regulatory change and actively influence the business to establish control frameworks.
- Assess the possible impact of any regulatory development on the operations of the business and work with the business to manage compliance.
- Oversee quality of advice and reports submitted to business.

Training and awareness
INTERNAL BUSINESS PROCESSES:

- Identify reactive and proactive Compliance training needs.
- Draft / review content of Compliance training material for dedicated Learning and Development teams for roll-out to business.
- Participate in induction training for new employees.

Legal Risk Management
- Maintain awareness of ongoing legal risks, new legislation and provide feedback to relevant stakeholders.
- Analyze legislative and regulatory changes and developments.
- Review and manage compliance with strategic legislation, procedures, policies, agreements and practices.
- Track and address legal risk management and identify trends and major issues to be addressed.
- Support Compliance on legal interpretation and compliance issue.
- Support the embedding of new regulatory processes.

Legal advice and the administration and management of contracts and legal agreements
- Provide practical legal support, opinions and advice.
- Facilitate signing of legal agreements and explain content.
- Handle escalated complaints.
- Assist in the drafting, vetting and negotiation of agreements with internal and external clients and third parties and ensure they comply with relevant statutory and/or legal requirements.
- Work closely with internal stakeholders to understand the legal aspects of proposed initiatives and structures and provide a view on the feasibility thereof.
- Ensure all information on the legal agreement database is up to date, signed and correctly linked to other relevant systems.
- Support internal contracting parties to understand the content and implications of contracts proposed and/or entered into.
- Prepare, review and modify contractual instruments to assist and support various business activities.
- Ensure contracts and agreements are amended and updated where required.

Stakeholder Engagement
RELATIONSH