Compliance Officer

**Introduction**
- Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and 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. We help people grow their savings, protect what matters to them and invest for the future. We help companies and organisations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities, and businesses.

**Disclaimer**
- As an applicant, please verify the legitimacy of this job advert on our company career page.

**Role Purpose**
- Implement the compliance strategy aligned to the compliance monitoring plan to enable the business within a legal framework.

**Requirements**:
**Qualification**:

- Matric Certificate
- Qualifications as per fit and proper requirements to be registered as a licensed compliance officer with the FSCA (Essential)
- Post graduate qualification in Compliance Management (Desirable)
- Legal qualification (Desirable)
- Degree in Commercial, Risk Management, Audit, Legal, Business or related field (Essential)

**Licensing or registration**:

- Registered with the Compliance Institute of Southern Africa (Desirable)
- Registered as licensed compliance officer with the FSCA (Essential)

**Knowledge**:

- Exposure to interpretation of legislation for Health, insurance and financial services environment
- Exposure to aspects of the compliance risk management framework.
- Understanding of the insurance and financial services industry.
- Knowledge of Regulation i.e. FAIS,FICA,POPIA, LTIA, SHORT TERM INSURANCE ACT, MEDICAL SCHEMES ACT, COFI, FSCR
- Knowledge and understanding of the typical products offered by organisation

**Experience**:

- 2 - 5 Years compliance related experience
- Experience in the insurance and financial services industry (preferred)

**Duties & Responsibilities**

**Internal Process**:

- Execute compliance activities based on the Compliance Monitoring Plan in order to provide assurance on the level of regulatory compliance.
- Monitor new regulatory mandates, rules and requirements, ensure that compliance policies are kept up to date and that revisions are disseminated in a timely manner.
- Design and implement compliance training and educational programmes; actively participate in management training, including new starter induction programmes.
- Provide advice on compliance with applicable laws and regulations to the business to ensure ongoing adherence and compliance.
- Assess the possible impact of any regulatory development on the operations of the business and work with the business with regard to compliance.
- Conduct compliance monitoring reviews and audits based on audit schedule and ad hoc requirements as required by the Internal Auditor or business leader.
- Execute the regulatory compliance breach management and follow-up process in order to address the identification, analysis and resolution processes to be followed as well as the escalation procedures.
- Contribute to the initiation of critical statutory projects relevant to the business and monitor the appropriate implementation thereof by the business.
- Create awareness within business regarding new compliance requirement or provide guidance on potential impact of compliance requirements.
- Support the business stakeholders identify compliance risks or weaknesses for which the business should consider additional mitigating action, or processes and/or procedures.
- Build relationships with internal and external stakeholders as well as the wider compliance community within Momentum Health Group.
- Deliver compliance reports that highlight compliance activities and instances of non-compliance, both internal and external within agreed time frames.
- Initiate and contribute to the review of all critical business policies from a regulatory compliance perspective and make recommendations for improvement.
- Identify, assess, manage, monitor and report on compliance risks that the company face.
- Execute compliance activities based on the Risk-based compliance plan in order to provide assurance on the level of regulatory compliance.
- Assisting with FAIS compliance and all matters relating to FAIS,FICA (as applicable).
- Drafting communications to the business on compliance related matters.
- Research a wide variety of topics and issues including regulatory matters, compliance management and report timeously to relevant stakeholders.
- Ensure compliance record keeping adheres to legislation.
- Assisting the Compliance Manager in reviewing any new major business initiatives or internal business proposals.
- Conduct routine monitoring of training completion statistics and maintain relevant records for reporting.
- Prepare and distribute a