Senior Compliance Advisor

Join TIH, home to some of South Africa's leading financial service providers, and grow your career while being part of an organisation with purpose.

Job Purpose

Provide advisory governance and monitoring services which support and deliver ongoing compliance solutions in accordance with all applicable legislation and in line with the strategy of the statutory compliance function. Provide leadership and guidance to the compliance team and the organisation as a whole.

Responsibilities

Regulatory & Compliance Management

Help design and implement a compliance program, liaising with the regulator to ensure the program adheres to regulatory and compliance standards.
Assist with the development and implementation of the compliance risk management and monitoring plan.
Plan ongoing compliance activities and output.

Regulatory Affairs

Take responsibility for providing specific elements of the regulatory affairs service with guidance from senior colleagues.
Implement initiatives that promote a compliance culture.
Ensures timely regulatory reporting, managing the relationship with the Regulator with the support of senior management.

Compliance Monitoring

Plan and manage the delivery of compliance advisory and monitoring in multiple disciplines, ensuring identification of risks and that it addresses the identified risk areas. Monitor the closeout of findings to ensure that agreed corrective actions are implemented and that risks are managed effectively; refer major issues or inadequate responses through the management line.
Identify any compliance risks and take immediate remedial action.
Drive and participate in compliance activities in line with the compliance risk management and monitoring plan.

Insights and Reporting

Contribute to the design and creation of reporting strategies and templates. Lead execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations.
Ensuring Group compliance with relevant legislation through ongoing analysis and reporting.
Report on the compliance status of the Group internally to the General Manager, Executive Heads, Group Chiefs and key individuals on a monthly, quarterly and annual basis.
Drive utilization of the various compliance systems to enhance reporting.

Information and Business Advice

Provide specialist guidance on the interpretation and application of policies and procedures, resolving queries and issues and referring very complex or contentious issues to others.
Provide compliance advice and solutions to business and compliance monitoring officers proactively and on request.
Involvement in various organisational projects such as new product development, new business partnerships, new compliance developments and business forums.

Compliance Management System

Contribute to the identification and evaluation of current policies and business processes that are in the scope of the Compliance Management System; contribute to the design of the CMS; provide specialist compliance management input to the drafting of new policies and procedures, and design of business processes; contribute to the quantification of the costs and business benefits of change.
Manage and maintain an effective compliance system.
Drive delivery of compliance automation.

Stakeholder Engagement

Contribute to stakeholder engagement through identifying stakeholders, finding out their needs/issues/concern and reacting to these by arranging meetings and events and drafting supporting materials to promote understanding and commitment.
Build relationships with various internal and external stakeholders.
Keep all stakeholders informed of regulatory requirements, changes and deadlines.

Policy Development & Implementation

Help develop policies and procedures for an area of the organization or the group as a whole, and monitor their implementation.
Drive an awareness of these policies and procedures and ensure training is undertaken throughout the organisation on an ongoing basis.

Contract Requirements

Ensure contracts meet all compliance requirements and where required, notifications have been actioned.
Identify trends, summarize findings, and give feedback on existing contract requirements, and provide input to ensure compliance
in contract processes.

Leadership and Direction

Communicate the local action plan; explain how this relates to the function's strategy and action plan and the broader organization's mission and vision; motivate people to achieve local business goals.

Improvement / Innovation

Identify shortcomings and suggest improvements to existing processes, systems and procedures, then delivers a plan for a small element of a change management program with guidance from a project/program manager.

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 including new compliance developments, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Education

Grade 12/ SAQA Accredited Equivalent (Essential); BProc/LLB Degree or other equivalent degree (Essential); Registration as Compliance Officer with the FSCA (Essential); Registration with the Compliance Institute (Advantageous); Diploma in Compliance Management (Advantageous); Admitted Advocate/Attorney (Advantageous)

Experience

5 or more years' relevant experience in the Insurance and
Financial Industry (Essential); Knowledge of monitoring and
compliance processes (Essential years experience in supervising and directing people and other resources to achieve specific end results within limited time-frames (Essential)Think you have what it takes to be part of an unstoppable team who constantly finds better ways to give peace of mind? Don't wait, apply now.

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