Regulatory compliance specialist

Let's Write Africa's Story Together

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

naThis role assists the Compliance Manager, with support from Compliance Analyst, to ensure that regulatory risk processes (risk assessment, identification, management, reporting & optimisation) occur at business unit level and is individually accountable for achieving results through own efforts. The role includes ensuring implementation of frameworks and controls, management of regulatory processes, analysis of legislative requirements and regulatory updates for impact on business.

• Compliance Monitoring

• Undertaking thematic based monitoring of regulatory requirements according to annual assurance plans and for ad hoc areas of concern.

• Improve regulatory compliance and reduce the number of exposures and breaches to acceptable levels. This includes developing and maintain CRMPs.

• Monitor changes in regulatory and legislative requirements and conduct impact analysis, update CRMPs and socialize regulatory updates.

• Third-Party Risk Management and Implementation of Oversight Framework

• Ensure full implementation of regulatory oversight frameworks and third party risk management processes and reporting. This includes the creation a toolkit that will stand as the template for best practice on how to manage Third Parties in the Cell Captive space.

• Market Conduct

• Market conduct monitoring and reporting, and execution of action items as agreed with risk owner.

• Continuous engagements with cells on market conduct issues and influencing the attitudes towards conduct risk.

• Data Breaches and Privacy Management

• Ensure compliance with applicable data protection laws, internal policies and regulatory requirements. Support the BU Privacy Champion with technical guidance and interpretation.

• Financial Crime Risk Management and Collection of Premium Oversight

• Create and maintain a high level OMART insure financialcrime guide document in line with the OML frinancial crime policy. Take the lead on financial crime management and reporting, which involves coordinating with Forensics as SME.

• Monitor compliance with Collection of Premium Regulations, which includes conducting regular collection of premium assessments. 

• Regulatory Compliance Risk Policy and Gift Policy

• Ensure compliance with the group's regulatory risk policy and the relevant appetite statements, market conduct risk and conflict of interest risk policies.

• Regulatory Notifications

• Ensure process adherence and compliance with all regulatory notification requirements.

• Insights and Reporting

• Oversee and supervise the preparation of various regulatory compliance reporting and requirements. Additionally, ensure regulatory universe is updated annually and monitor regulation updates and the socialisation thereof. Regulation updates includes assisting with impact assessments of regulatory changes.

• Document Preparation

• Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.

• Operational Compliance

• Identify, within the team, instances of noncompliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate.

• Combined Assurance

• Ensure that Combined Assurance outcomes and KRIs are monitored and reporting is conducted in alignment to the OMART Insure control  environment.

• Personal Capability Building

• Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an in-depth understanding of technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

• Experience Knowledge Skills:

• NQF Level 7 Degree

• Advance Diploma

• Postgraduate Certificate or Equivalent

• 5 years experience within the role

Skills

Action Planning, Analytics Software, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Management Reporting, Numerical Aptitude, Report Review

Competencies

Business InsightCommunicates EffectivelyCourageEnsures AccountabilityFinancial AcumenInstills TrustManages ComplexityOptimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

13 November 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

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